Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 483 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 483 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the sale, the vice president now directly owns 21,370 shares of the company’s stock, valued at approximately $1,144,149.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Christopher Day also recently made the following trade(s):

• On Monday, July 8th, Christopher Day sold 1,408 shares of Ambarella stock. The shares were sold at an average price of $61.66, for a total transaction of $86,817.28.

Ambarella Trading Up 3.5 %

Shares of AMBA stock opened at $55.77 on Friday. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $65.88. The company’s 50-day moving average price is $52.22 and its 200-day moving average price is $51.54. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -13.09 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.06. The company had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. Ambarella’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.76) EPS. As a group, equities research analysts predict that Ambarella, Inc. will post -2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Wells Fargo & Company decreased their price objective on Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Westpark Capital reaffirmed a “buy” rating and set a $85.00 target price on shares of Ambarella in a research note on Monday, August 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Ambarella in a report on Friday, August 23rd. Finally, Craig Hallum increased their target price on shares of Ambarella from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ambarella currently has an average rating of “Hold” and an average price target of $75.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMBA. Vanguard Group Inc. raised its position in Ambarella by 6.1% in the first quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company’s stock valued at $220,384,000 after purchasing an additional 248,297 shares during the period. Millennium Management LLC increased its position in shares of Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after purchasing an additional 94,257 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ambarella by 36.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after buying an additional 343,385 shares during the period. Kodai Capital Management LP purchased a new stake in Ambarella in the 4th quarter valued at about $65,543,000. Finally, Dimensional Fund Advisors LP lifted its position in Ambarella by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock valued at $43,171,000 after buying an additional 29,379 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.