Ambarella, Inc. $AMBA Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC grew its position in shares of Ambarella, Inc. (NASDAQ:AMBA) by 291.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,777 shares of the semiconductor company’s stock after acquiring an additional 10,259 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Ambarella were worth $1,137,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AMBA. Stephens Inc. AR grew its position in Ambarella by 3.7% in the 3rd quarter. Stephens Inc. AR now owns 3,804 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 137 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Ambarella during the third quarter worth approximately $162,000. Tributary Capital Management LLC grew its holdings in Ambarella by 88.5% in the 3rd quarter. Tributary Capital Management LLC now owns 423,790 shares of the semiconductor company’s stock worth $34,971,000 after buying an additional 198,934 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Ambarella in the 3rd quarter valued at approximately $43,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in Ambarella by 170.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 11,353 shares of the semiconductor company’s stock valued at $937,000 after acquiring an additional 7,162 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, October 8th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, November 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Wednesday, November 26th. Wall Street Zen cut shares of Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Bank of America boosted their target price on Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.00.

Ambarella Stock Up 6.4%

NASDAQ:AMBA opened at $68.73 on Monday. The stock has a fifty day simple moving average of $76.17 and a 200 day simple moving average of $76.28. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -36.56 and a beta of 1.95. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $108.45 million during the quarter, compared to analyst estimates of $104.11 million. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. The business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts predict that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Insider Activity

In other Ambarella news, VP Chi-Hong Ju sold 7,728 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the sale, the vice president directly owned 146,039 shares of the company’s stock, valued at $11,037,627.62. The trade was a 5.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth M. Schwarting sold 624 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $72.38, for a total value of $45,165.12. Following the completion of the sale, the director directly owned 6,690 shares of the company’s stock, valued at approximately $484,222.20. This trade represents a 8.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 27,685 shares of company stock worth $2,016,598. 5.30% of the stock is owned by corporate insiders.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.