Ambarella (NASDAQ:AMBA) VP Sells $136,893.79 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 2,017 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total transaction of $136,893.79. Following the completion of the transaction, the vice president directly owned 165,924 shares in the company, valued at $11,261,261.88. This represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $69.97 on Friday. Ambarella, Inc. has a 12-month low of $48.30 and a 12-month high of $96.69. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -43.46 and a beta of 2.15. The stock’s 50 day simple moving average is $70.93 and its 200 day simple moving average is $66.70.

Ambarella (NASDAQ:AMBA) last posted its earnings results 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 net margin of 17.18% and a negative return on equity of 10.94%. The firm had revenue of $100.36 million during the quarter, compared to analysts’ expectations of $100.12 million. During the same quarter in the prior year, the firm earned $0.07 EPS. Ambarella’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, equities analysts forecast that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMBA shares. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Northland Securities set a $101.00 target price on Ambarella in a report on Wednesday. Susquehanna raised their price target on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Bank of America upped their price target on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Summit Insights downgraded Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

Institutional Investors Weigh In On Ambarella

Hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in Ambarella during the first quarter worth about $129,000. Pacer Advisors Inc. boosted its position in Ambarella by 26.7% in the first quarter. Pacer Advisors Inc. now owns 5,360 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 1,129 shares in the last quarter. Essential Partners LLC grew its stake in Ambarella by 90.1% during the first 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. Cim Investment Management Inc. increased its holdings in shares of Ambarella by 43.2% during the first quarter. Cim Investment Management Inc. now owns 5,998 shares of the semiconductor company’s stock worth $309,000 after buying an additional 1,810 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Ambarella by 7.8% in the 1st quarter. Bank of America Corp DE now owns 481,758 shares of the semiconductor company’s stock worth $24,798,000 after acquiring an additional 34,843 shares in the last quarter. Institutional investors 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.