Yun-Lung Chen Sells 4,435 Shares of Ambarella Inc (AMBA) Stock

Ambarella Inc (NASDAQ:AMBA) VP Yun-Lung Chen sold 4,435 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $59.80, for a total value of $265,213.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Yun-Lung Chen also recently made the following trade(s):

  • On Monday, December 11th, Yun-Lung Chen sold 11,340 shares of Ambarella stock. The shares were sold at an average price of $59.80, for a total value of $678,132.00.

Shares of Ambarella Inc (NASDAQ:AMBA) traded up $2.14 during trading hours on Wednesday, hitting $64.47. The stock had a trading volume of 2,072,216 shares, compared to its average volume of 1,591,850. Ambarella Inc has a 1 year low of $40.06 and a 1 year high of $66.23. The stock has a market capitalization of $2,150.00, a PE ratio of 61.99, a price-to-earnings-growth ratio of 5.69 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share. equities analysts expect that Ambarella Inc will post 0.7 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a research note on Friday, December 1st. UBS Group upgraded Ambarella from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Thursday, September 7th. Finally, BidaskClub cut Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $60.14.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Ambarella by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after acquiring an additional 60,770 shares during the period. Van Berkom & Associates Inc. grew its holdings in Ambarella by 6.5% during the third quarter. Van Berkom & Associates Inc. now owns 1,316,350 shares of the semiconductor company’s stock worth $64,514,000 after acquiring an additional 80,867 shares during the period. Pinnacle Associates Ltd. grew its holdings in Ambarella by 54.9% during the third quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock worth $49,720,000 after acquiring an additional 359,417 shares during the period. AXA grew its holdings in Ambarella by 17.8% during the third quarter. AXA now owns 834,078 shares of the semiconductor company’s stock worth $40,878,000 after acquiring an additional 125,972 shares during the period. Finally, State Street Corp grew its holdings in Ambarella by 5.9% during the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after acquiring an additional 33,237 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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About Ambarella

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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