Feng-Ming Wang Sells 32,500 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 32,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $91.01, for a total value of $2,957,825.00. Following the transaction, the chief executive officer owned 806,061 shares in the company, valued at approximately $73,359,611.61. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Feng-Ming Wang also recently made the following trade(s):

• On Thursday, March 19th, Feng-Ming Wang sold 8,083 shares of Ambarella stock. The shares were sold at an average price of $54.14, for a total value of $437,613.62.
• On Tuesday, March 17th, Feng-Ming Wang sold 18,976 shares of Ambarella stock. The stock was sold at an average price of $52.77, for a total value of $1,001,363.52.
• On Monday, March 2nd, Feng-Ming Wang sold 50,000 shares of Ambarella stock. The stock was sold at an average price of $60.80, for a total value of $3,040,000.00.

Ambarella Stock Performance

AMBA opened at $72.18 on Friday. The stock has a market capitalization of $3.17 billion, a PE ratio of -44.83 and a beta of 2.17. The stock’s 50 day moving average price is $65.86 and its 200-day moving average price is $68.45. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative return on equity of 11.02% and a negative net margin of 17.18%.The firm’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. Research analysts forecast that Ambarella, Inc. will post -1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMBA has been the topic of several research analyst reports. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Bank of America lifted their price objective on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus set a $106.00 target price on Ambarella in a report on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 target price on shares of Ambarella in a research report on Tuesday. Finally, Susquehanna raised their price objective on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.75.

Institutional Trading of Ambarella

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Ambarella by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after acquiring an additional 311,649 shares in the last quarter. State Street Corp grew its position in Ambarella by 8.9% during the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after purchasing an additional 151,694 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in Ambarella by 30.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock valued at $112,429,000 after purchasing an additional 373,734 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ambarella by 49.5% in the first 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. Finally, Geode Capital Management LLC lifted its stake in shares of Ambarella by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after buying an additional 35,510 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella News Roundup

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Q1 revenue rose 16.9% year over year to $100.4 million and EPS matched expectations, showing solid execution. Ambarella (AMBA) Meets Q1 Earnings Estimates
• Positive Sentiment: The Hanwha edge-AI partnership could bring over $800 million in potential revenue over time, strengthening Ambarella’s long-term growth case. Hanwha and Ambarella Enter Into Long-Term Edge AI Agreement
• Positive Sentiment: Analysts such as Needham and Bank of America raised price targets, signaling continued optimism about Ambarella’s edge-AI and automotive opportunity. Quinn Bolton Reiterates Buy on Ambarella, Sets $100 DCF-Based Price Target on Strengthening Auto, Robotics, and Long-Term Deal Momentum
• Neutral Sentiment: Management announced a $50 million buyback, but investors seem focused more on the near-term outlook than capital return. Ambarella, Inc. Announces First Quarter Fiscal Year 2027 Financial Results
• Negative Sentiment: Second-quarter revenue guidance came in cautious, and supply-chain cost pressures raised concerns about demand and margins later in the year. Ambarella Stock Slides After Lackluster Q1 Results
• Negative Sentiment: Summit Insights downgraded Ambarella to Hold, which reinforced the post-earnings selloff. Summit Insights downgrade on Ambarella

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.