Ambarella, Inc. (NASDAQ:AMBA) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,751 shares of the semiconductor company’s stock after purchasing an additional 1,531 shares during the period. California Public Employees Retirement System’s holdings in Ambarella were worth $3,969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of Ambarella during the third quarter worth about $66,000. DekaBank Deutsche Girozentrale purchased a new position in Ambarella in the fourth quarter worth approximately $78,000. Daiwa Securities Group Inc. grew its holdings in Ambarella by 36.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 381 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Ambarella by 52.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,656 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 569 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Ambarella in the 3rd quarter valued at $101,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the sale, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the transaction, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Leslie Kohn sold 1,198 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $49.27, for a total transaction of $59,025.46. Following the completion of the sale, the chief technology officer now owns 964,664 shares of the company’s stock, valued at approximately $47,528,995.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,648 shares of company stock valued at $327,595. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMBA. Bank of America dropped their target price on Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a report on Tuesday, April 16th. Morgan Stanley raised their target price on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. StockNews.com raised Ambarella to a “sell” rating in a report on Friday, April 26th. Susquehanna raised their price objective on shares of Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a report on Wednesday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Ambarella in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.08.

Ambarella Stock Performance

NASDAQ AMBA opened at $47.85 on Monday. The firm’s fifty day moving average is $49.62 and its two-hundred day moving average is $53.23. Ambarella, Inc. has a one year low of $40.31 and a one year high of $89.18. The firm has a market cap of $1.96 billion, a PE ratio of -11.29 and a beta of 1.65.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.98) by $0.03. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. The firm had revenue of $51.62 million for the quarter, compared to analysts’ expectations of $51.68 million. Research analysts predict that Ambarella, Inc. will post -3.53 earnings per share for the current year.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.