DekaBank Deutsche Girozentrale Invests $78,000 in Ambarella, Inc. (NASDAQ:AMBA)

DekaBank Deutsche Girozentrale bought a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,266 shares of the semiconductor company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning acquired a new position in Ambarella in the third quarter valued at about $27,000. Stephens Inc. AR raised its stake in Ambarella by 73.0% in the first quarter. Stephens Inc. AR now owns 1,095 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 462 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Ambarella in the third quarter valued at about $66,000. Advisors Asset Management Inc. raised its stake in Ambarella by 30.0% in the first quarter. Advisors Asset Management Inc. now owns 1,537 shares of the semiconductor company’s stock valued at $161,000 after purchasing an additional 355 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Ambarella by 39.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 436 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Buying and Selling

In related news, CTO Leslie Kohn sold 1,198 shares of Ambarella stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $59,025.46. Following the transaction, the chief technology officer now directly owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CTO Leslie Kohn sold 1,198 shares of Ambarella stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $59,025.46. Following the transaction, the chief technology officer now directly owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 2,173 shares of Ambarella stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the completion of the transaction, the chief executive officer now directly owns 806,632 shares in the company, valued at $39,742,758.64. The disclosure for this sale can be found here. Insiders have sold a total of 6,648 shares of company stock valued at $327,595 over the last ninety days. 5.90% of the stock is owned by company insiders.

Ambarella Trading Down 1.9 %

NASDAQ:AMBA opened at $43.66 on Thursday. The stock has a market cap of $1.79 billion, a P/E ratio of -10.30 and a beta of 1.66. The stock’s 50-day moving average is $52.33 and its 200-day moving average is $54.09. Ambarella, Inc. has a 1-year low of $43.23 and a 1-year high of $89.18.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMBA shares. Bank of America dropped their price target on Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a research note on Tuesday. Wells Fargo & Company cut Ambarella from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research report on Wednesday, February 28th. Susquehanna lifted their target price on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded Ambarella to a “sell” rating in a research report on Saturday, April 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Ambarella currently has a consensus rating of “Hold” and an average price target of $71.08.

Ambarella Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.