Ambarella (NASDAQ:AMBA) VP Chi-Hong Ju Sells 2,009 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 2,009 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total transaction of $130,243.47. Following the sale, the vice president owned 154,153 shares in the company, valued at $9,993,738.99. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Chi-Hong Ju also recently made the following trade(s):

• On Wednesday, July 1st, Chi-Hong Ju sold 10,000 shares of Ambarella stock. The shares were sold at an average price of $88.84, for a total transaction of $888,400.00.

Ambarella Trading Down 1.1%

Ambarella stock opened at $66.15 on Friday. The firm has a 50 day simple moving average of $71.84 and a 200 day simple moving average of $68.08. Ambarella, Inc. has a 1-year low of $48.30 and a 1-year high of $96.69. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -51.28 and a beta of 2.09.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%.The firm had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that Ambarella, Inc. will post -1.11 EPS for the current year.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted 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 purchasing an additional 95,218 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Ambarella by 49.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock worth $81,644,000 after buying an additional 524,937 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Ambarella in the 4th quarter worth $1,345,000. Bank of America Corp DE raised its position in shares of Ambarella by 7.8% during the 1st quarter. Bank of America Corp DE now owns 481,758 shares of the semiconductor company’s stock valued at $24,798,000 after buying an additional 34,843 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Ambarella during the 4th quarter valued at $1,903,000. 82.09% of the stock is currently owned by institutional investors.

More Ambarella News

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities
• Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference
• Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing

Analysts Set New Price Targets

AMBA has been the subject of several analyst reports. Bank of America cut their target price on Ambarella from $96.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Rosenblatt Securities reissued a “buy” rating and issued a $120.00 price target on shares of Ambarella in a report on Wednesday. Weiss Ratings upgraded shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Needham & Company LLC reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday, September 4th. Finally, Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.56.

Ambarella Company Profile

Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.

The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.