Bayforest Capital Ltd Purchases 4,051 Shares of Ambarella, Inc. $AMBA

Key Points

• Bayforest Capital Ltd increased its holdings in Ambarella, Inc. by 280.5% during the first quarter, owning 5,495 shares valued at approximately $277,000.
• Ambarella reported $0.15 earnings per share in its latest quarter, beating estimates and showing a 49.9% year-over-year revenue growth to $95.51 million.
• Analysts have raised target prices for Ambarella, with Needham & Company increasing its target from $90.00 to $100.00, indicating strong optimism about the stock's future performance.

Bayforest Capital Ltd lifted its stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 280.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,495 shares of the semiconductor company's stock after buying an additional 4,051 shares during the quarter. Bayforest Capital Ltd's holdings in Ambarella were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Ambarella by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company's stock worth $244,015,000 after buying an additional 152,181 shares during the period. Millennium Management LLC grew its position in Ambarella by 11.5% in the 4th quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock valued at $101,414,000 after purchasing an additional 144,268 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Ambarella by 88.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company's stock valued at $62,020,000 after purchasing an additional 579,917 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Ambarella by 25.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 910,911 shares of the semiconductor company's stock worth $45,846,000 after buying an additional 185,444 shares during the last quarter. Finally, Kodai Capital Management LP raised its holdings in Ambarella by 16.2% during the first quarter. Kodai Capital Management LP now owns 904,536 shares of the semiconductor company's stock worth $45,525,000 after buying an additional 125,983 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

Insider Transactions at Ambarella

In related news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total value of $62,580.00. Following the sale, the director directly owned 39,281 shares in the company, valued at approximately $2,458,204.98. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Yun-Lung Chen sold 8,492 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $84.42, for a total value of $716,894.64. Following the completion of the sale, the vice president owned 61,651 shares in the company, valued at $5,204,577.42. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMBA has been the topic of several research reports. Northland Securities upped their price objective on shares of Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Morgan Stanley upped their price objective on shares of Ambarella from $80.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Oppenheimer restated a "market perform" rating on shares of Ambarella in a report on Friday, August 29th. BNP Paribas upgraded shares of Ambarella to a "strong-buy" rating in a report on Friday, August 29th. Finally, Bank of America upped their price objective on shares of Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Ambarella currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.88.

Ambarella Price Performance

Shares of NASDAQ AMBA traded up $0.84 during mid-day trading on Wednesday, reaching $79.98. 107,017 shares of the company's stock were exchanged, compared to its average volume of 867,057. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -37.94 and a beta of 2.09. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $93.44. The firm has a 50-day moving average price of $71.24 and a two-hundred day moving average price of $59.85.

Ambarella (NASDAQ:AMBA - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.10. The company had revenue of $95.51 million for the quarter, compared to analysts' expectations of $90.01 million. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.The business's revenue for the quarter was up 49.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) EPS. Ambarella has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.

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.