Odyssean LLC Invests $2.25 Million in Ambarella, Inc. $AMBA

Key Points

• Odyssean LLC purchased 26,188 Ambarella shares worth approximately $2.25 million in the second quarter, giving the fund a 0.06% stake. Institutional investors and hedge funds collectively own 82.09% of the company.
• Ambarella’s fiscal Q2 revenue rose 13.2% year over year to $108.1 million, while non-GAAP EPS of $0.18 exceeded estimates. Management cited record edge-AI revenue and strategic agreements with Macnica and Capgemini.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $89.56; recent targets ranged from $70 to $110. Shares opened at $62.89, well below their 52-week high of $96.69.

Odyssean LLC bought a new stake in Ambarella, Inc. (NASDAQ:AMBA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 26,188 shares of the semiconductor company's stock, valued at approximately $2,247,000. Odyssean LLC owned 0.06% of Ambarella as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Ambarella by 2,312.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company's stock worth $61,250,000 after buying an additional 828,773 shares during the period. UBS Group AG raised its holdings in Ambarella by 379.3% in the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company's stock valued at $67,811,000 after acquiring an additional 650,306 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Ambarella in the 2nd quarter valued at $36,810,000. The Manufacturers Life Insurance Company raised its stake in Ambarella by 49.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company's stock valued at $81,644,000 after buying an additional 524,937 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Ambarella by 894.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company's stock worth $30,361,000 after acquiring an additional 413,362 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Ambarella reported fiscal Q2 revenue of $108.1 million, up 13.2% year over year and slightly above estimates, while non-GAAP EPS of $0.18 exceeded consensus. The company also forecast fiscal Q3 revenue of $115 million to $124 million, broadly in line with expectations. Ambarella fiscal Q2 results
• Positive Sentiment: Management highlighted record edge-AI revenue and announced long-term agreements with Macnica and Capgemini. The partnerships could expand distribution, systems integration, and enterprise adoption of Ambarella’s edge and physical AI products. Macnica strategic agreement
• Positive Sentiment: Stifel Nicolaus maintained a Buy rating and sees substantial potential appreciation despite reducing its price target from $106 to $90. Stifel price target update

Insider Transactions at Ambarella

In related news, CEO Feng-Ming Wang sold 16,250 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $90.08, for a total transaction of $1,463,800.00. Following the completion of the sale, the chief executive officer directly owned 773,607 shares of the company's stock, valued at approximately $69,686,518.56. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Yun-Lung Chen sold 5,958 shares of Ambarella stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $78.66, for a total value of $468,656.28. Following the sale, the vice president owned 60,557 shares in the company, valued at $4,763,413.62. This represents a 8.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,519 shares of company stock worth $4,595,475 in the last quarter. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America reduced their price target on shares of Ambarella from $96.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday. Summit Insights lowered shares of Ambarella from a "buy" rating to a "hold" rating in a research report on Friday, May 29th. Needham & Company LLC restated a "buy" rating on shares of Ambarella in a report on Friday. Susquehanna raised their target price on shares of Ambarella from $80.00 to $110.00 and gave the company a "positive" rating in a report on Friday, May 29th. Finally, Craig Hallum downgraded Ambarella from a "buy" rating to a "hold" rating and set a $70.00 price objective on the stock. in a research report on Friday. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ambarella has a consensus rating of "Hold" and an average target price of $89.56.

Ambarella Stock Performance

Shares of AMBA stock opened at $62.89 on Friday. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -48.75 and a beta of 2.09. The company has a 50 day moving average price of $74.33 and a 200 day moving average price of $68.20. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Ambarella had a negative return on equity of 10.12% and a negative net margin of 13.48%.The business had revenue of $108.12 million for the quarter, compared to analyst estimates of $107.76 million. During the same period last year, the company posted $0.15 EPS. The business's quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts forecast that Ambarella, Inc. will post -1.13 EPS for the current fiscal year.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella's platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella's product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.

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