Ambarella (NASDAQ:AMBA) VP Yun-Lung Chen Sells 9,856 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Yun-Lung Chen sold 9,856 shares of Ambarella stock in a transaction on Friday, June 12th. The shares were sold at an average price of $67.06, for a total transaction of $660,943.36. Following the completion of the transaction, the vice president owned 66,515 shares in the company, valued at approximately $4,460,495.90. This trade represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ambarella Stock Down 4.3%

Shares of AMBA opened at $67.12 on Wednesday. The firm has a market cap of $2.94 billion, a PE ratio of -41.69 and a beta of 2.15. The company’s fifty day moving average is $69.92 and its two-hundred day moving average is $66.77. Ambarella, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $100.36 million for the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. As a group, equities research analysts anticipate that Ambarella, Inc. will post -1.13 earnings per share for the current year.

Institutional Investors Weigh In On Ambarella

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMBA. Essential Partners LLC increased its stake in Ambarella by 90.1% during the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after buying an additional 228 shares during the period. EverSource Wealth Advisors LLC increased its stake in Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after buying an additional 326 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Ambarella during the 1st quarter worth $30,000. Advisory Services Network LLC purchased a new stake in Ambarella during the 3rd quarter worth $33,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Ambarella by 162.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock worth $37,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

AMBA has been the topic of several recent research reports. Summit Insights lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and set a $115.00 target price on shares of Ambarella in a report on Tuesday, May 26th. Bank of America lifted their target price on shares of Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a report on Friday, May 29th. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and an average price target of $99.75.

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.