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

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

Ambarella Stock Performance

Shares of NASDAQ:AMBA traded down $3.00 on Tuesday, hitting $67.14. The company’s stock had a trading volume of 899,409 shares, compared to its average volume of 1,068,966. Ambarella, Inc. has a 12 month low of $48.30 and a 12 month high of $96.69. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -41.70 and a beta of 2.15. The stock’s 50-day moving average is $69.59 and its two-hundred day moving average is $66.82.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The company had revenue of $100.36 million during the quarter, compared to analysts’ expectations of $100.12 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities analysts expect that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Main Management ETF Advisors LLC boosted its stake in Ambarella by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company’s stock valued at $1,220,000 after buying an additional 176 shares in the last quarter. National Bank of Canada FI boosted its stake in Ambarella by 18.9% during the third quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock valued at $95,000 after buying an additional 182 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Ambarella by 6.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 190 shares in the last quarter. Natixis Advisors LLC boosted its stake in Ambarella by 1.5% during the third quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company’s stock valued at $1,132,000 after buying an additional 204 shares in the last quarter. Finally, Mariner LLC boosted its stake in Ambarella by 2.6% during the third quarter. Mariner LLC now owns 8,574 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 219 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

AMBA has been the subject of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research note on Tuesday, May 26th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Summit Insights cut Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Bank of America increased their price target on Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Stifel Nicolaus set a $106.00 target price on Ambarella in a research note on Friday, May 29th. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.75.

About Ambarella

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.