Fox Run Management L.L.C. Has $1.59 Million Stock Holdings in Ambarella, Inc. $AMBA

Fox Run Management L.L.C. increased its stake in Ambarella, Inc. (NASDAQ:AMBA) by 133.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,230 shares of the semiconductor company’s stock after acquiring an additional 10,994 shares during the quarter. Fox Run Management L.L.C.’s holdings in Ambarella were worth $1,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Ambarella by 290.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,428 shares of the semiconductor company’s stock valued at $4,821,000 after buying an additional 43,461 shares during the period. Creative Planning raised its position in shares of Ambarella by 30.8% in the 2nd quarter. Creative Planning now owns 21,569 shares of the semiconductor company’s stock worth $1,425,000 after acquiring an additional 5,085 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Ambarella in the 2nd quarter valued at about $373,000. AIGH Capital Management LLC acquired a new position in shares of Ambarella in the 3rd quarter valued at about $4,126,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Ambarella by 268.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,407 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 3,941 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMBA shares. Rosenblatt Securities boosted their price target on Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Summit Insights upgraded shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Ambarella from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (up from $90.00) on shares of Ambarella in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Insider Transactions at Ambarella

In related news, CEO Feng-Ming Wang sold 4,950 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total transaction of $355,509.00. Following the transaction, the chief executive officer directly owned 783,979 shares in the company, valued at approximately $56,305,371.78. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Chi-Hong Ju sold 7,728 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the completion of the sale, the vice president 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 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 worth $2,016,598. 5.70% of the stock is owned by insiders.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $71.21 on Wednesday. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -37.88 and a beta of 1.97. Ambarella, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $96.69. The firm’s 50-day simple moving average is $68.15 and its 200 day simple moving average is $76.09.

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

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.