WINTON GROUP Ltd Makes New Investment in Ambarella, Inc. $AMBA

by · The Markets Daily

WINTON GROUP Ltd bought a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 13,571 shares of the semiconductor company’s stock, valued at approximately $897,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMBA. Vanguard Group Inc. grew its stake in shares of Ambarella by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company’s stock worth $244,015,000 after purchasing an additional 152,181 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Ambarella by 88.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock worth $62,020,000 after buying an additional 579,917 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ambarella by 3.0% during the second quarter. Geode Capital Management LLC now owns 976,281 shares of the semiconductor company’s stock worth $64,505,000 after buying an additional 28,371 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Ambarella by 25.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 910,911 shares of the semiconductor company’s stock worth $45,846,000 after buying an additional 185,444 shares during the period. Finally, Kodai Capital Management LP increased its stake in shares of Ambarella by 16.2% in the 1st quarter. Kodai Capital Management LP now owns 904,536 shares of the semiconductor company’s stock valued at $45,525,000 after acquiring an additional 125,983 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.

Ambarella Stock Up 0.2%

Shares of NASDAQ:AMBA opened at $79.14 on Friday. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -42.10 and a beta of 1.98. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $96.69. The company’s fifty day simple moving average is $82.84 and its 200 day simple moving average is $73.52.

Ambarella (NASDAQ:AMBA – Get Free Report) last released its earnings results 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. The firm had revenue of $108.45 million during 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%.The company’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Research analysts expect that Ambarella, Inc. will post -2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Feng-Ming Wang sold 4,928 shares of Ambarella stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total value of $391,431.04. Following the sale, the chief executive officer owned 788,929 shares of the company’s stock, valued at approximately $62,664,630.47. This trade represents a 0.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chan W. Lee sold 1,947 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total value of $154,650.21. Following the transaction, the chief operating officer directly owned 126,972 shares of the company’s stock, valued at approximately $10,085,385.96. This trade represents a 1.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,735 shares of company stock worth $2,158,237 in the last 90 days. Company insiders own 5.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMBA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price target on shares of Ambarella in a research report on Wednesday, November 26th. Roth Capital reiterated a “neutral” rating on shares of Ambarella in a report on Wednesday, November 26th. Wall Street Zen raised shares of Ambarella from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. BNP Paribas raised Ambarella to a “strong-buy” rating in a research note on Friday, August 29th. Finally, Summit Insights upgraded Ambarella from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.00.

View Our Latest Research Report on AMBA

Ambarella Company Profile

(Free Report)

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence 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.

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