Feng-Ming Wang Sells 6,204 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 6,204 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total transaction of $421,065.48. Following the sale, the chief executive officer owned 799,857 shares of the company’s stock, valued at approximately $54,286,294.59. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, May 26th, Feng-Ming Wang sold 32,500 shares of Ambarella stock. The shares were sold at an average price of $91.01, for a total transaction of $2,957,825.00.

Ambarella Price Performance

Shares of AMBA opened at $69.97 on Friday. Ambarella, Inc. has a twelve month low of $48.30 and a twelve month high of $96.69. The company has a market capitalization of $3.07 billion, a P/E ratio of -43.46 and a beta of 2.15. The firm has a 50 day moving average of $70.93 and a 200 day moving average of $66.70.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $100.36 million for the quarter, compared to the consensus estimate of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The company’s revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. On average, sell-side analysts expect that Ambarella, Inc. will post -1.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Ambarella by 2,312.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock valued at $61,250,000 after purchasing an additional 828,773 shares during the last quarter. UBS Group AG boosted its holdings in shares of Ambarella by 379.3% in the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after buying an additional 650,306 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Ambarella in the second quarter worth approximately $36,810,000. The Manufacturers Life Insurance Company grew its position in Ambarella by 49.5% during 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 during the period. Finally, Barclays PLC increased its holdings in Ambarella by 121.7% during the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after buying an additional 425,546 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMBA. Northland Securities set a $101.00 target price on shares of Ambarella in a research note on Wednesday. Rosenblatt Securities reissued a “buy” rating and set a $115.00 price objective on shares of Ambarella in a report on Tuesday, May 26th. Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a research report on Friday, May 29th. Finally, Susquehanna boosted their target price on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.50.

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.