Caxton Associates LP Purchases New Position in Ambarella, Inc. (AMBA)

Caxton Associates LP bought a new position in Ambarella, Inc. (NASDAQ:AMBA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,500 shares of the semiconductor company’s stock, valued at approximately $1,005,000. Caxton Associates LP owned 0.06% of Ambarella as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Ambarella by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after acquiring an additional 60,770 shares during the period. Van Berkom & Associates Inc. lifted its stake in shares of Ambarella by 6.5% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,316,350 shares of the semiconductor company’s stock worth $64,514,000 after acquiring an additional 80,867 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Ambarella by 36.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock worth $55,949,000 after acquiring an additional 306,248 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Ambarella by 54.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock worth $49,720,000 after acquiring an additional 359,417 shares during the period. Finally, AXA lifted its stake in shares of Ambarella by 100.6% in the 2nd quarter. AXA now owns 708,106 shares of the semiconductor company’s stock worth $34,379,000 after acquiring an additional 355,170 shares during the period. Institutional investors own 63.21% of the company’s stock.

Ambarella, Inc. (AMBA) opened at $59.00 on Monday. The stock has a market cap of $1,960.00, a PE ratio of 56.19, a PEG ratio of 5.71 and a beta of 1.57. Ambarella, Inc. has a twelve month low of $40.06 and a twelve month high of $65.39.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. The business had revenue of $89.06 million during the quarter, compared to the consensus estimate of $89.41 million. Ambarella had a net margin of 11.51% and a return on equity of 7.92%. The business’s revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS. analysts expect that Ambarella, Inc. will post 0.7 earnings per share for the current year.

In other Ambarella news, CFO George Laplante sold 5,592 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $260,028.00. Following the completion of the transaction, the chief financial officer now directly owns 103,586 shares in the company, valued at approximately $4,816,749. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Kohn sold 6,467 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $300,715.50. Following the transaction, the insider now owns 907,645 shares of the company’s stock, valued at $42,205,492.50. The disclosure for this sale can be found here. Insiders sold a total of 27,835 shares of company stock valued at $1,301,265 in the last quarter. Insiders own 5.80% of the company’s stock.

AMBA has been the subject of several recent analyst reports. ValuEngine upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Dougherty & Co reduced their target price on shares of Ambarella from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Morgan Stanley restated an “overweight” rating and issued a $60.00 target price on shares of Ambarella in a research note on Wednesday, September 27th. Deutsche Bank restated a “hold” rating and issued a $49.00 target price (down previously from $54.00) on shares of Ambarella in a research note on Friday, September 1st. Finally, Roth Capital restated a “buy” rating and issued a $65.00 target price on shares of Ambarella in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.65.

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Ambarella Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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