AIGH Capital Management LLC Makes New $4.13 Million Investment in Ambarella, Inc. $AMBA

AIGH Capital Management LLC acquired a new position in Ambarella, Inc. (NASDAQ:AMBA) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,000 shares of the semiconductor company’s stock, valued at approximately $4,126,000. Ambarella accounts for 1.2% of AIGH Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. AIGH Capital Management LLC owned about 0.12% of Ambarella at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMBA. State Street Corp boosted its position in shares of Ambarella by 8.9% in the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock worth $122,562,000 after buying an additional 151,694 shares during the period. The Manufacturers Life Insurance Company raised its position in Ambarella by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock valued at $90,609,000 after buying an additional 52,954 shares during the period. Geode Capital Management LLC lifted its stake in Ambarella by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 976,281 shares of the semiconductor company’s stock worth $64,505,000 after acquiring an additional 28,371 shares in the last quarter. Legal & General Group Plc boosted its position in Ambarella by 9.3% during the 2nd quarter. Legal & General Group Plc now owns 634,477 shares of the semiconductor company’s stock worth $41,917,000 after acquiring an additional 53,917 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Ambarella during the 2nd quarter valued at about $36,810,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMBA. Wall Street Zen lowered shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Summit Insights upgraded shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Ambarella in a research note on Wednesday, November 26th. Stifel Nicolaus restated a “buy” rating and set a $100.00 price target (up from $90.00) on shares of Ambarella in a report on Wednesday, November 26th. Finally, Bank of America upped their price target on shares of Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.00.

Ambarella Stock Down 2.7%

Shares of AMBA opened at $67.19 on Friday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -35.74 and a beta of 1.95. The company’s fifty day moving average is $73.76 and its 200-day moving average is $76.18. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $96.69.

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

Insider Buying and Selling

In other news, VP Chi-Hong Ju sold 7,728 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $75.58, for a total value of $584,082.24. Following the sale, the vice president directly owned 146,039 shares of the company’s stock, valued at approximately $11,037,627.62. This trade represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chan W. Lee sold 2,406 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $71.82, for a total value of $172,798.92. Following the transaction, the insider directly owned 124,566 shares of the company’s stock, valued at $8,946,330.12. This represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 27,685 shares of company stock valued at $2,016,598. 5.30% of the stock is owned by corporate insiders.

Ambarella 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.