California Public Employees Retirement System Boosts Position in Ambarella, Inc. (NASDAQ:AMBA)

California Public Employees Retirement System increased its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,751 shares of the semiconductor company’s stock after acquiring an additional 1,531 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Ambarella worth $3,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in shares of Ambarella in the 3rd quarter valued at approximately $66,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Ambarella during the 4th quarter valued at $78,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Ambarella by 52.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,656 shares of the semiconductor company’s stock worth $88,000 after buying an additional 569 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Ambarella by 36.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 381 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Ambarella during the 3rd quarter valued at about $101,000. Institutional investors own 82.09% of the company’s stock.

Ambarella Trading Up 2.0 %

Shares of AMBA stock opened at $47.85 on Monday. Ambarella, Inc. has a 12-month low of $40.31 and a 12-month high of $89.18. The stock has a market capitalization of $1.96 billion, a P/E ratio of -11.29 and a beta of 1.65. The firm’s 50 day moving average is $49.62 and its 200 day moving average is $53.23.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.03. The firm had revenue of $51.62 million for the quarter, compared to the consensus estimate 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 predict that Ambarella, Inc. will post -3.53 earnings per share for the current year.

Insider Activity

In related news, CTO Leslie Kohn sold 1,198 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $59,025.46. Following the transaction, the chief technology officer now 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 accessible through this link. In other news, CFO John Alexander Young sold 1,546 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $76,171.42. Following the transaction, the chief financial officer now owns 107,571 shares of the company’s stock, valued at $5,300,023.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Leslie Kohn sold 1,198 shares of Ambarella stock in a transaction dated Monday, March 18th. The shares were 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 in the company, valued at $47,528,995.28. The disclosure for this sale can be found here. Insiders sold 6,648 shares of company stock valued at $327,595 in the last quarter. 5.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on AMBA. Bank of America cut their price objective on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a report on Tuesday, April 16th. Morgan Stanley lifted their price objective on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. StockNews.com raised Ambarella to a “sell” rating in a report on Friday, April 26th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Ambarella in a report on Wednesday, February 28th. Finally, Susquehanna upped their price target on shares of Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.08.

Ambarella Company Profile

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.