Ambarella (NASDAQ:AMBA) Trading Up 0.1%

Ambarella, Inc. (NASDAQ:AMBA) traded up 0.1% during trading on Tuesday . The stock traded as high as $55.69 and last traded at $54.19. 66,914 shares traded hands during trading, a decline of 89% from the average session volume of 618,309 shares. The stock had previously closed at $54.11.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMBA shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research report on Friday, August 23rd. Bank of America upped their price objective on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. 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. Stifel Nicolaus upped their price objective on Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $60.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.00.

Ambarella Stock Performance

The stock has a market cap of $2.24 billion, a PE ratio of -12.72 and a beta of 1.63. The stock has a fifty day moving average price of $51.86 and a 200 day moving average price of $51.43.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.06. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The business had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. During the same quarter last year, the firm earned ($0.76) earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Chi-Hong Ju sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $52.90, for a total value of $317,400.00. Following the completion of the sale, the vice president now owns 173,193 shares of the company’s stock, valued at approximately $9,161,909.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ambarella news, VP Chi-Hong Ju sold 6,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $52.90, for a total transaction of $317,400.00. Following the completion of the sale, the vice president now directly owns 173,193 shares of the company’s stock, valued at $9,161,909.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher Day sold 483 shares of Ambarella stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the completion of the transaction, the vice president now directly owns 21,370 shares in the company, valued at approximately $1,144,149.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,014 shares of company stock worth $1,542,210. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ambarella

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in Ambarella during the 2nd quarter worth about $26,000. CWM LLC lifted its holdings in shares of Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares during the period. Van ECK Associates Corp boosted its position in Ambarella by 62.1% in the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 552 shares during the last quarter. Larson Financial Group LLC increased its holdings in Ambarella by 13,576.9% in the 1st quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock worth $90,000 after buying an additional 1,765 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Ambarella by 22.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company’s stock worth $177,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

About Ambarella

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.