Trexquant Investment LP Invests $3.18 Million in Ambarella, Inc. (NASDAQ:AMBA)

Trexquant Investment LP acquired a new position in shares of Ambarella, Inc. (NASDAQ:AMBA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,812 shares of the semiconductor company’s stock, valued at approximately $3,176,000. Trexquant Investment LP owned 0.13% of Ambarella as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMBA. Acadian Asset Management LLC acquired a new stake in shares of Ambarella during the 3rd quarter worth about $66,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Ambarella in the fourth quarter valued at approximately $78,000. Daiwa Securities Group Inc. raised its position in Ambarella by 36.2% during the fourth 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. Skandinaviska Enskilda Banken AB publ raised its position in Ambarella by 52.3% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,656 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 569 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Ambarella in the third quarter valued at about $101,000. 82.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Ambarella

In other news, CTO Leslie Kohn sold 1,198 shares of the company’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 $59,025.46. Following the sale, the chief technology officer now owns 964,664 shares in the company, valued at $47,528,995.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ambarella news, CEO Feng-Ming Wang sold 2,173 shares of Ambarella stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $107,063.71. Following the sale, the chief executive officer now owns 806,632 shares in the company, valued at $39,742,758.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Leslie Kohn sold 1,198 shares of Ambarella stock in a transaction 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 completion of the sale, the chief technology officer now directly owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,648 shares of company stock worth $327,595. 5.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Ambarella Stock Up 2.1 %

AMBA traded up $1.05 on Friday, hitting $50.12. 419,684 shares of the company’s stock traded hands, compared to its average volume of 542,103. Ambarella, Inc. has a one year low of $40.31 and a one year high of $89.18. The company’s 50 day simple moving average is $47.35 and its 200-day simple moving average is $53.19.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. The business had revenue of $51.62 million during the quarter, compared to analyst estimates of $51.68 million. Research analysts expect that Ambarella, Inc. will post -3.55 earnings per share for the current fiscal year.

Ambarella 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.