Ambarella (NASDAQ:AMBA) VP Yun-Lung Chen Sells 5,958 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Yun-Lung Chen sold 5,958 shares of Ambarella stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $78.66, for a total transaction of $468,656.28. Following the transaction, the vice president directly 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Yun-Lung Chen also recently made the following trade(s):

• On Friday, June 12th, Yun-Lung Chen sold 9,856 shares of Ambarella stock. The shares were sold at an average price of $67.06, for a total transaction of $660,943.36.

Ambarella Stock Down 1.4%

Ambarella stock traded down $1.08 during midday trading on Friday, hitting $77.30. 852,534 shares of the stock were exchanged, compared to its average volume of 1,676,372. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69. The business’s 50-day moving average price is $75.18 and its 200-day moving average price is $66.71. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of -48.01 and a beta of 2.11.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The firm had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. During the same quarter last year, the business posted $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 -1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on AMBA shares. Susquehanna lifted their price target on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Bank of America upped their price objective on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ambarella in a research note on Friday, June 26th. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ambarella presently has a consensus rating of “Moderate Buy” and an average price target of $101.12.

Institutional Trading of Ambarella

Large investors have recently bought and sold shares of the company. Essential Partners LLC lifted its position in shares of Ambarella by 90.1% during the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 228 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Ambarella by 362.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 326 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Ambarella in the 1st quarter valued at about $30,000. Financial Management Professionals Inc. bought a new stake in Ambarella in the 2nd quarter valued at about $32,000. Finally, Advisory Services Network LLC purchased a new stake in Ambarella during the third quarter valued at about $33,000. 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.