Ambarella Inc (AMBA) Shares Bought by Krane Funds Advisors LLC

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Krane Funds Advisors LLC lifted its holdings in shares of Ambarella Inc (NASDAQ:AMBA) by 32.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,099 shares of the semiconductor company’s stock after buying an additional 2,469 shares during the period. Krane Funds Advisors LLC’s holdings in Ambarella were worth $391,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Ambarella by 13.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,434 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 1,544 shares in the last quarter. Scout Investments Inc. increased its holdings in Ambarella by 2.2% in the 3rd quarter. Scout Investments Inc. now owns 74,489 shares of the semiconductor company’s stock worth $2,881,000 after purchasing an additional 1,600 shares in the last quarter. Greenleaf Trust increased its holdings in Ambarella by 2.6% in the 3rd quarter. Greenleaf Trust now owns 64,728 shares of the semiconductor company’s stock worth $2,504,000 after purchasing an additional 1,621 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Ambarella by 11.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,759 shares of the semiconductor company’s stock worth $918,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Man Group plc increased its holdings in Ambarella by 6.4% in the 3rd quarter. Man Group plc now owns 42,434 shares of the semiconductor company’s stock worth $1,642,000 after purchasing an additional 2,565 shares in the last quarter. 80.16% of the stock is owned by institutional investors.

In related news, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the director now owns 18,997 shares in the company, valued at approximately $759,880. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher Day sold 1,798 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $41.35, for a total value of $74,347.30. Following the sale, the vice president now owns 16,307 shares in the company, valued at approximately $674,294.45. The disclosure for this sale can be found here. Insiders own 5.84% of the company’s stock.

NASDAQ AMBA opened at $37.65 on Wednesday. Ambarella Inc has a 12 month low of $30.00 and a 12 month high of $66.23. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 68.45 and a beta of 1.09.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, November 29th. The semiconductor company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Ambarella had a negative net margin of 9.97% and a negative return on equity of 5.35%. The company had revenue of $57.30 million during the quarter, compared to the consensus estimate of $57.12 million. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was down 35.7% on a year-over-year basis. On average, equities research analysts expect that Ambarella Inc will post -1.02 earnings per share for the current fiscal year.

AMBA has been the subject of a number of recent research reports. Northland Securities initiated coverage on Ambarella in a report on Monday, October 29th. They issued an “outperform” rating and a $38.00 target price for the company. BidaskClub cut Ambarella from a “sell” rating to a “strong sell” rating in a report on Thursday, September 20th. Zacks Investment Research cut Ambarella from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Bank of America cut Ambarella from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a report on Friday, August 31st. Finally, ValuEngine raised Ambarella from a “hold” rating to a “buy” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Ambarella presently has a consensus rating of “Hold” and an average target price of $48.95.

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About Ambarella

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, 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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Institutional Ownership by Quarter for Ambarella (NASDAQ:AMBA)

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