Barclays PLC Raises Holdings in Ambarella, Inc. $AMBA

Barclays PLC lifted its stake in Ambarella, Inc. (NASDAQ:AMBA) by 121.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 775,113 shares of the semiconductor company’s stock after purchasing an additional 425,546 shares during the quarter. Barclays PLC owned about 1.82% of Ambarella worth $63,962,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Ambarella by 2.1% during the 1st quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company’s stock worth $3,258,000 after purchasing an additional 1,307 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Ambarella by 44.1% during the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company’s stock worth $47,000 after buying an additional 286 shares during the period. AQR Capital Management LLC grew its holdings in shares of Ambarella by 126.6% during the first quarter. AQR Capital Management LLC now owns 84,871 shares of the semiconductor company’s stock valued at $4,272,000 after buying an additional 47,414 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Ambarella by 34.6% during the first quarter. Empowered Funds LLC now owns 6,838 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 1,758 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Ambarella by 48.1% in the 1st quarter. Intech Investment Management LLC now owns 25,586 shares of the semiconductor company’s stock valued at $1,288,000 after acquiring an additional 8,306 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Chan W. Lee sold 2,406 shares of Ambarella stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total transaction of $172,798.92. Following the completion of the transaction, the insider directly owned 124,566 shares of the company’s stock, valued at $8,946,330.12. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Alexander Young sold 3,791 shares of Ambarella stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $72.96, for a total transaction of $276,591.36. Following the transaction, the chief financial officer directly owned 102,738 shares of the company’s stock, valued at approximately $7,495,764.48. This trade represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,685 shares of company stock valued at $5,056,598 over the last 90 days. Company insiders own 5.70% of the company’s stock.

Ambarella Price Performance

NASDAQ AMBA opened at $52.38 on Monday. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $96.69. The company has a market capitalization of $2.25 billion, a PE ratio of -29.43 and a beta of 1.95. The company has a fifty day moving average of $66.38 and a 200 day moving average of $75.70.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $100.87 million for the quarter, compared to the consensus estimate of $100.17 million. Ambarella had a negative return on equity of 12.24% and a negative net margin of 19.42%.The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Research analysts expect that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMBA. Weiss Ratings restated a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, January 21st. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Wednesday, November 26th. Wall Street Zen cut Ambarella from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 target price on shares of Ambarella in a report on Wednesday, November 26th. Finally, Bank of America upped their target price on Ambarella from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.00.

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.