Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang Sells 4,382 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 4,382 shares of Ambarella stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $56.02, for a total transaction of $245,479.64. Following the sale, the chief executive officer now owns 803,574 shares of the company’s stock, valued at $45,016,215.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ambarella Trading Down 3.8 %

Shares of AMBA opened at $52.05 on Friday. The firm has a market cap of $2.13 billion, a P/E ratio of -12.22 and a beta of 1.59. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $65.88. The stock’s 50 day moving average is $53.18 and its two-hundred day moving average is $51.72.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The firm had revenue of $63.70 million for the quarter, compared to analysts’ expectations of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 25.76%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.76) EPS. Equities research analysts forecast that Ambarella, Inc. will post -2.99 EPS for the current year.

Wall Street Analyst Weigh In

AMBA has been the subject of several recent research reports. Craig Hallum raised their target price on shares of Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. TD Cowen lifted their price objective on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Bank of America upped their target price on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Ambarella in a research report on Friday, August 23rd. Finally, Roth Mkm restated a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $74.58.

Institutional Trading of Ambarella

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in Ambarella by 13.5% in the 4th quarter. Russell Investments Group Ltd. now owns 17,146 shares of the semiconductor company’s stock worth $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 purchasing an additional 2,908 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing an additional 4,593 shares in the last quarter. Wrapmanager Inc. acquired a new stake in Ambarella during the 4th quarter worth $210,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 29,379 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Company Profile

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.