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Carillon Tower: “Ambarella (AMBA) Continues to Face Supply Headwinds From its Foundry Partner”

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Carillon Tower Advisers, an investment management firm, published its “Carillon Scout Small Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. During the quarter, the management team added one new holding and eliminated two positions from the Fund portfolio. With very little cash, the portfolio remains fully invested. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Scout Small Cap Fund mentioned Ambarella, Inc. (NASDAQ:AMBA) and explained its insights for the company. Founded in 2004, Ambarella, Inc. (NASDAQ:AMBA) is a Santa Clara, California-based fabless semiconductor design company with a $2.4 billion market capitalization. Ambarella, Inc. (NASDAQ:AMBA) delivered a -68.49% return since the beginning of the year, while its 12-month returns are down by -39.69%. The stock closed at $63.93 per share on July 05, 2022.

Here is what Carillon Scout Small Cap Fund has to say about Ambarella, Inc. (NASDAQ:AMBA) in its Q1 2022 investor letter:

"Ambarella (NASDAQ:AMBA) supplies video processing and computer vision chips used in the security and automotive markets. The company continues to face supply headwinds from its foundry partner despite robust market demand for Ambarella’s products."

Best Semiconductor Stocks to Buy in 2021
Best Semiconductor Stocks to Buy in 2021

Dragon Images/Shutterstock.com

Our calculations show that Ambarella, Inc. (NASDAQ:AMBA) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Ambarella, Inc. (NASDAQ:AMBA) was in 32 hedge fund portfolios at the end of the first quarter of 2022, compared to 40 funds in the previous quarter. Ambarella, Inc. (NASDAQ:AMBA) delivered a -39.40% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on Ambarella, Inc. (NASDAQ:AMBA) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.