White Pine Capital LLC Has $463,000 Stock Position in Ambarella, Inc. (NASDAQ:AMBA)

White Pine Capital LLC raised its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 3.2% in the 4th quarter, HoldingsChannel reports. The fund owned 7,552 shares of the semiconductor company’s stock after acquiring an additional 234 shares during the period. White Pine Capital LLC’s holdings in Ambarella were worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Ambarella during the third quarter worth $66,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Ambarella during the fourth quarter worth $78,000. Daiwa Securities Group Inc. increased its position in shares of 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 buying an additional 381 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Ambarella by 39.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock worth $80,000 after buying an additional 436 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of 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 buying an additional 569 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Chan W. Lee sold 1,075 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the sale, the chief operating officer now owns 124,146 shares in the company, valued at $6,116,673.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Ambarella news, COO Chan W. Lee sold 1,075 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the sale, the chief operating officer now owns 124,146 shares in the company, valued at approximately $6,116,673.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Leslie Kohn sold 1,198 shares of the 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 in the company, valued at approximately $47,528,995.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,648 shares of company stock worth $327,595. 5.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMBA. Susquehanna increased their target price 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. 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. Wells Fargo & Company lowered shares of Ambarella from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $85.00 to $65.00 in a research report on Wednesday, January 3rd. StockNews.com raised shares of Ambarella to a “sell” rating in a research report on Friday. Finally, Bank of America lowered their price target on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.08.

Ambarella Stock Performance

Shares of Ambarella stock traded up $0.79 on Friday, hitting $43.09. 596,935 shares of the company traded hands, compared to its average volume of 531,200. The stock has a market capitalization of $1.77 billion, a P/E ratio of -10.16 and a beta of 1.66. Ambarella, Inc. has a 52 week low of $40.31 and a 52 week high of $89.18. The business has a 50-day simple moving average of $50.42 and a 200 day simple moving average of $53.48.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, topping the consensus estimate of ($0.98) by $0.03. The company had revenue of $51.62 million during the quarter, compared to analyst estimates of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. Research analysts expect that Ambarella, Inc. will post -3.53 earnings per share for the current year.

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.