Chi-Hong Ju Sells 2,017 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 2,017 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total transaction of $136,893.79. Following the completion of the sale, the vice president directly owned 165,924 shares in the company, valued at $11,261,261.88. This trade represents a 1.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $69.97 on Friday. The business’s fifty day moving average price is $70.93 and its two-hundred day moving average price is $66.70. Ambarella, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $96.69. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -43.46 and a beta of 2.15.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMBA shares. Northland Securities set a $101.00 price target on Ambarella in a research report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research note on Tuesday, May 26th. Bank of America boosted their price target on Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Summit Insights cut shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $100.50.

Hedge Funds Weigh In On Ambarella

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMBA. GSA Capital Partners LLP grew its holdings in Ambarella by 145.2% during the 4th quarter. GSA Capital Partners LLP now owns 24,800 shares of the semiconductor company’s stock worth $1,757,000 after acquiring an additional 14,685 shares during the last quarter. Legal & General Group Plc boosted its position in Ambarella by 18.4% during the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock valued at $43,497,000 after acquiring an additional 95,218 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in Ambarella during the fourth quarter worth approximately $1,345,000. Leonteq Securities AG acquired a new stake in shares of Ambarella during the 4th quarter worth approximately $1,903,000. Finally, Handelsbanken Fonder AB grew its holdings in Ambarella by 84.0% in the fourth quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock worth $22,125,000 after purchasing an additional 142,551 shares during the period. Institutional investors own 82.09% of the company’s stock.

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.