Ambarella (NASDAQ:AMBA) VP Sells $888,400.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 10,000 shares of Ambarella stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $88.84, for a total transaction of $888,400.00. Following the completion of the sale, the vice president owned 155,924 shares of the company’s stock, valued at approximately $13,852,288.16. The trade was a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, June 17th, Chi-Hong Ju sold 2,017 shares of Ambarella stock. The shares were sold at an average price of $67.87, for a total value of $136,893.79.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $78.36 on Friday. The business’s 50 day simple moving average is $74.00 and its 200 day simple moving average is $66.55. Ambarella, Inc. has a 1 year low of $48.30 and a 1 year high of $96.69. The company has a market capitalization of $3.44 billion, a P/E ratio of -48.67 and a beta of 2.11.

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

Wall Street Analyst Weigh In

AMBA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ambarella in a research note on Friday, June 26th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research note on Tuesday, May 26th. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a report on Friday, May 29th. Susquehanna boosted their target price on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Finally, Northland Securities set a $101.00 price target on shares of Ambarella in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently modified their holdings of AMBA. Essential Partners LLC lifted its position in shares of Ambarella by 90.1% during the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after buying an additional 228 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Ambarella by 362.2% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 326 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in Ambarella in the first quarter valued at about $30,000. Advisory Services Network LLC acquired a new position in Ambarella during the third quarter worth about $33,000. Finally, Steward Partners Investment Advisory LLC raised its stake in Ambarella by 162.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.