nVerses Capital LLC Makes New Investment in Ambarella, Inc. (NASDAQ:AMBA)

nVerses Capital LLC acquired a new stake in Ambarella, Inc. (NASDAQ:AMBA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,700 shares of the semiconductor company’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMBA. SWS Partners lifted its stake in Ambarella by 25.3% during the second quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock worth $4,290,000 after purchasing an additional 16,049 shares during the period. Millennium Management LLC boosted its stake in Ambarella by 7.0% in the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after buying an additional 94,257 shares in the last quarter. Sei Investments Co. bought a new stake in Ambarella in the first quarter valued at $571,000. Headlands Technologies LLC acquired a new position in Ambarella during the first quarter worth $567,000. Finally, Duality Advisers LP lifted its holdings in shares of Ambarella by 67.9% during the first quarter. Duality Advisers LP now owns 34,292 shares of the semiconductor company’s stock valued at $1,741,000 after acquiring an additional 13,866 shares during the period. 82.09% of the stock is owned by institutional investors.

Insider Transactions at Ambarella

In related news, VP Christopher Day sold 2,904 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total value of $168,432.00. Following the completion of the sale, the vice president now owns 18,466 shares in the company, valued at approximately $1,071,028. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Chan W. Lee sold 1,490 shares of Ambarella stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following the transaction, the chief operating officer now directly owns 121,406 shares of the company’s stock, valued at $6,500,077.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher Day sold 2,904 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00. Following the completion of the transaction, the vice president now directly owns 18,466 shares of the company’s stock, valued at $1,071,028. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,423 shares of company stock worth $1,356,402 in the last three months. Insiders own 5.70% of the company’s stock.

Ambarella Trading Up 1.3 %

Shares of NASDAQ:AMBA opened at $58.26 on Friday. The stock has a market capitalization of $2.39 billion, a P/E ratio of -13.68 and a beta of 1.62. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $65.88. The business has a 50-day moving average price of $54.05 and a two-hundred day moving average price of $52.19.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.06. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The business had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. During the same period in the prior year, the business posted ($0.76) earnings per share. Ambarella’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Ambarella, Inc. will post -3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. TD Cowen boosted their target price on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Bank of America increased their price target on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Westpark Capital reiterated a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a research report on Monday, August 26th. Finally, Roth Mkm restated a “neutral” rating and set a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Ambarella currently has a consensus rating of “Hold” and an average price target of $75.00.

About Ambarella

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.