Ambarella, Inc. (NASDAQ:AMBA) VP Yun-Lung Chen Sells 5,963 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total transaction of $343,230.28. Following the sale, the vice president now owns 62,026 shares in the company, valued at $3,570,216.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ambarella Trading Down 1.8 %

NASDAQ:AMBA opened at $54.09 on Friday. The firm has a fifty day simple moving average of $53.17 and a 200 day simple moving average of $51.71. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $65.88. The stock has a market capitalization of $2.22 billion, a PE ratio of -12.70 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The company had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 25.76%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.76) EPS. On average, equities analysts predict that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ambarella

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of Ambarella by 13.5% in the fourth quarter. Russell Investments Group Ltd. now owns 17,146 shares of the semiconductor company’s stock valued at $1,051,000 after buying an additional 2,034 shares during the last quarter. Natixis Advisors L.P. raised its stake in Ambarella by 16.6% in the 4th quarter. Natixis Advisors L.P. now owns 20,409 shares of the semiconductor company’s stock valued at $1,250,000 after acquiring an additional 2,908 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ambarella by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 299,062 shares of the semiconductor company’s stock valued at $18,330,000 after acquiring an additional 4,593 shares during the period. Wrapmanager Inc. acquired a new stake in Ambarella during the 4th quarter valued at $210,000. Finally, Dimensional Fund Advisors LP boosted its position in Ambarella by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock worth $43,171,000 after purchasing an additional 29,379 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMBA. Roth Mkm reiterated a “neutral” rating and set a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Westpark Capital restated a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research note on Monday, August 26th. Stifel Nicolaus raised their price target on shares of Ambarella from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company cut their price objective on shares of Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.58.

About Ambarella

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.