Ambarella (NASDAQ:AMBA) CEO Feng-Ming Wang Sells 32,500 Shares

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 32,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $91.01, for a total transaction of $2,957,825.00. Following the completion of the transaction, the chief executive officer owned 806,061 shares of the company’s stock, valued at $73,359,611.61. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Feng-Ming Wang also recently made the following trade(s):

• On Thursday, March 19th, Feng-Ming Wang sold 8,083 shares of Ambarella stock. The stock was sold at an average price of $54.14, for a total transaction of $437,613.62.
• On Tuesday, March 17th, Feng-Ming Wang sold 18,976 shares of Ambarella stock. The stock was sold at an average price of $52.77, for a total transaction of $1,001,363.52.
• On Monday, March 2nd, Feng-Ming Wang sold 50,000 shares of Ambarella stock. The stock was sold at an average price of $60.80, for a total transaction of $3,040,000.00.

Ambarella Trading Up 1.4%

Shares of NASDAQ AMBA opened at $91.84 on Friday. Ambarella, Inc. has a 12 month low of $48.30 and a 12 month high of $96.69. The firm has a market capitalization of $4.03 billion, a PE ratio of -51.60 and a beta of 2.17. The firm has a fifty day simple moving average of $65.50 and a two-hundred day simple moving average of $68.42.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The business had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. During the same period in the prior year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, sell-side analysts predict that Ambarella, Inc. will post -1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on AMBA. Stifel Nicolaus set a $90.00 price target on Ambarella in a research report on Friday, May 22nd. Rosenblatt Securities restated a “buy” rating and set a $115.00 price target on shares of Ambarella in a research report on Tuesday. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.75.

Trending Headlines about Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Ambarella reported fiscal Q1 revenue of $100.4 million, up 16.9% year over year, with EPS of $0.11 matching estimates and revenue slightly topping expectations, suggesting execution remains on track. Ambarella (AMBA) Meets Q1 Earnings Estimates
• Positive Sentiment: The company also guided Q2 revenue to $105 million-$111 million, which was above the consensus view at the midpoint, helping support the stock’s move. Ambarella outlines $105M-$111M Q2 revenue while Hanwha agreement targets $800M+ over 10+ years
• Positive Sentiment: Ambarella announced a long-term edge-AI agreement with Hanwha that could generate more than $800 million in potential revenue over 10+ years, a meaningful validation of its platform and future demand outlook. Hanwha and Ambarella Enter Into Long-Term Edge AI Agreement
• Positive Sentiment: Analysts turned more constructive after the report, with Needham’s Quinn Bolton reiterating Buy and raising his target to $100, while Bank of America’s Vivek Arya lifted his target to $96, both pointing to longer-dated edge-AI upside. Quinn Bolton Reiterates Buy on Ambarella, Sets $100 DCF-Based Price Target on Strengthening Auto, Robotics, and Long-Term Deal Momentum
• Neutral Sentiment: Ambarella’s CEO and CFO disclosed pre-arranged stock sales under 10b5-1 plans, which investors may view as routine rather than a major signal. MarketBeat AMBA insider transactions

Institutional Trading of Ambarella

Several institutional investors have recently bought and sold shares of AMBA. Essential Partners LLC lifted its holdings in shares of Ambarella by 90.1% during the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 326 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Ambarella during the first quarter valued at $30,000. Advisory Services Network LLC bought a new position in shares of Ambarella during the third quarter valued at $33,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Ambarella by 162.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 325 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.