Ambarella (NASDAQ:AMBA) Insider Sells $200,284.37 in Stock

Ambarella, Inc. (NASDAQ:AMBA) insider Chan Lee sold 2,951 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total value of $200,284.37. Following the sale, the insider owned 157,098 shares in the company, valued at approximately $10,662,241.26. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ambarella Price Performance

AMBA stock opened at $69.97 on Friday. The stock has a market capitalization of $3.07 billion, a P/E ratio of -43.46 and a beta of 2.15. Ambarella, Inc. has a 1-year low of $48.30 and a 1-year high of $96.69. The business has a fifty day moving average price of $70.93 and a 200-day moving average price of $66.70.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMBA. Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Summit Insights cut Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Stifel Nicolaus set a $106.00 price objective on Ambarella in a report on Friday, May 29th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research report on Tuesday, May 26th. Finally, Susquehanna increased their target price on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMBA. Main Management ETF Advisors LLC increased its holdings in Ambarella by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company’s stock worth $1,220,000 after buying an additional 176 shares during the period. National Bank of Canada FI lifted its stake in Ambarella by 18.9% during the 3rd quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock valued at $95,000 after acquiring an additional 182 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Ambarella by 6.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company’s stock valued at $220,000 after acquiring an additional 190 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Ambarella by 1.5% in the 3rd quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company’s stock valued at $1,132,000 after acquiring an additional 204 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of Ambarella by 2.6% in the third quarter. Mariner LLC now owns 8,574 shares of the semiconductor company’s stock worth $707,000 after acquiring an additional 219 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.