Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young Sells 2,139 Shares

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,139 shares of Ambarella stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $114,522.06. Following the sale, the chief financial officer now directly owns 103,529 shares of the company’s stock, valued at $5,542,942.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ambarella Stock Performance

Shares of AMBA 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 firm has a market cap of $2.29 billion, a P/E ratio of -13.09 and a beta of 1.63. The firm’s 50 day moving average price is $52.22 and its two-hundred day moving average price is $51.54.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $63.70 million for the quarter, compared to the consensus estimate of $62.10 million. During the same period last year, the company earned ($0.76) earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ambarella in the second quarter valued at approximately $3,604,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ambarella by 22.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 590 shares during the last quarter. Creative Planning acquired a new stake in shares of Ambarella in the second quarter valued at approximately $325,000. Cim Investment Management Inc. acquired a new position in Ambarella during the second quarter worth $239,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Ambarella by 36.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock worth $69,698,000 after buying an additional 343,385 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Ambarella in a research note on Friday, August 23rd. Wells Fargo & Company decreased their price objective on Ambarella from $65.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. TD Cowen lifted their price objective on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.00.

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.