Yun-Lung Chen Sells 5,958 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Yun-Lung Chen sold 5,958 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $78.66, for a total value of $468,656.28. Following the transaction, the vice president owned 60,557 shares in the company, valued at approximately $4,763,413.62. This represents a 8.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Yun-Lung Chen also recently made the following trade(s):

• On Friday, June 12th, Yun-Lung Chen sold 9,856 shares of Ambarella stock. The shares were sold at an average price of $67.06, for a total value of $660,943.36.

Ambarella Stock Performance

Shares of NASDAQ:AMBA traded down $1.08 during mid-day trading on Friday, hitting $77.30. 852,534 shares of the company traded hands, compared to its average volume of 1,676,372. The firm has a market cap of $3.39 billion, a P/E ratio of -48.01 and a beta of 2.11. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69. The firm’s 50 day simple moving average is $75.18 and its 200 day simple moving average is $66.71.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.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 business earned $0.07 EPS. Ambarella’s quarterly revenue was up 16.9% compared to the same quarter last year. Equities research analysts expect that Ambarella, Inc. will post -1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMBA. Essential Partners LLC boosted its holdings in Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 228 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Ambarella by 362.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 326 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Ambarella in the 1st quarter valued at about $30,000. Financial Management Professionals Inc. bought a new stake in Ambarella in the 2nd quarter valued at about $32,000. Finally, Advisory Services Network LLC acquired a new position in Ambarella during the 3rd quarter valued at about $33,000. Institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

AMBA has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Ambarella in a research note on Friday, June 26th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Susquehanna upped their price objective 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. Northland Securities set a $101.00 target price on Ambarella in a research note on Wednesday, June 17th. Finally, Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.12.

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.