Katamaran Capital LLP Purchases Shares of 20,595 Ambarella, Inc. $AMBA

Key Points

• Katamaran Capital LLP has acquired 20,595 shares of Ambarella, Inc. for approximately $1.36 million, which constitutes about 1.3% of their total holdings.
• Insider sales have occurred, with CTO Leslie Kohn and VP Chi-Hong Ju selling shares totaling over $271,000 recently.
• Ambarella's quarterly earnings report exceeded analysts' expectations, showing a significant revenue increase of 49.9% year-over-year, while guiding for continued earnings challenges ahead.

Katamaran Capital LLP purchased a new stake in shares of Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,595 shares of the semiconductor company's stock, valued at approximately $1,361,000. Ambarella comprises about 1.3% of Katamaran Capital LLP's holdings, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in shares of Ambarella by 44.1% in the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 286 shares during the last quarter. Banque Transatlantique SA acquired a new position in Ambarella in the 1st quarter worth approximately $50,000. Larson Financial Group LLC increased its holdings in Ambarella by 111.9% in the 1st quarter. Larson Financial Group LLC now owns 1,195 shares of the semiconductor company's stock worth $60,000 after buying an additional 631 shares during the period. Quarry LP increased its holdings in Ambarella by 611.5% in the 1st quarter. Quarry LP now owns 1,793 shares of the semiconductor company's stock worth $90,000 after buying an additional 1,541 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Ambarella by 452.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,497 shares of the semiconductor company's stock worth $126,000 after buying an additional 2,045 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ambarella

In related news, CTO Leslie Kohn sold 2,249 shares of Ambarella stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $178,638.07. Following the sale, the chief technology officer owned 977,428 shares of the company's stock, valued at approximately $77,637,106.04. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chi-Hong Ju sold 1,168 shares of Ambarella stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $92,774.24. Following the completion of the sale, the vice president directly owned 170,087 shares in the company, valued at $13,510,010.41. This represents a 0.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,014 shares of company stock worth $1,965,658 in the last ninety days. Company insiders own 5.30% of the company's stock.

Wall Street Analysts Forecast Growth

AMBA has been the topic of several research reports. BNP Paribas upgraded shares of Ambarella to a "strong-buy" rating in a report on Friday, August 29th. Roth Capital reiterated a "neutral" rating on shares of Ambarella in a report on Friday, August 29th. Bank of America increased their price target on shares of Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Northland Securities increased their price target on shares of Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.88.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $84.28 on Friday. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -39.94 and a beta of 2.10. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $93.44. The firm's 50 day simple moving average is $76.70 and its 200-day simple moving average is $63.35.

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

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