Chi-Hong Ju Sells 7,728 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 7,728 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the completion of the transaction, the vice president owned 146,039 shares in the company, valued at approximately $11,037,627.62. This trade represents a 5.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, December 30th, Chi-Hong Ju sold 3,765 shares of Ambarella stock. The stock was sold at an average price of $70.32, for a total value of $264,754.80.
• On Wednesday, December 17th, Chi-Hong Ju sold 1,342 shares of Ambarella stock. The shares were sold at an average price of $71.82, for a total value of $96,382.44.
• On Tuesday, October 14th, Chi-Hong Ju sold 6,156 shares of Ambarella stock. The stock was sold at an average price of $80.96, for a total value of $498,389.76.
• On Monday, October 13th, Chi-Hong Ju sold 5,057 shares of Ambarella stock. The stock was sold at an average price of $81.29, for a total value of $411,083.53.

Ambarella Price Performance

AMBA opened at $70.78 on Friday. The business has a fifty day simple moving average of $78.53 and a 200 day simple moving average of $75.98. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $96.69. The company has a market capitalization of $3.05 billion, a PE ratio of -37.65 and a beta of 1.95.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The company had revenue of $108.45 million during the quarter, compared to the consensus estimate of $104.11 million. During the same quarter last year, the firm earned $0.11 earnings per share. The company’s revenue was up 31.2% on a year-over-year basis. Equities analysts anticipate that Ambarella, Inc. will post -2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a report on Wednesday, October 8th. Rosenblatt Securities increased their price target on Ambarella from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a report on Friday, November 21st. Roth Capital reiterated a “neutral” rating on shares of Ambarella in a research report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price target on shares of Ambarella in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ambarella has a consensus rating of “Moderate Buy” and an average price target of $96.00.

Institutional Trading of Ambarella

Several institutional investors and hedge funds have recently modified their holdings of AMBA. State Street Corp raised its stake in Ambarella by 8.9% during the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock worth $122,562,000 after acquiring an additional 151,694 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ambarella by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock valued at $90,609,000 after purchasing an additional 52,954 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Ambarella by 88.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock valued at $62,020,000 after purchasing an additional 579,917 shares during the last quarter. Jericho Capital Asset Management L.P. increased its position in Ambarella by 10.5% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company’s stock worth $100,125,000 after purchasing an additional 114,865 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Ambarella by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 976,281 shares of the semiconductor company’s stock worth $64,505,000 after purchasing an additional 28,371 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

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.