Ambarella, Inc. (NASDAQ:AMBA) VP Sells $25,859.82 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 483 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 21,370 shares of the company’s stock, valued at approximately $1,144,149.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

Ambarella Stock Performance

AMBA stock traded up $1.88 on Thursday, reaching $55.77. The company had a trading volume of 443,451 shares, compared to its average volume of 622,446. The company’s fifty day moving average is $52.34 and its 200 day moving average is $51.51. The company has a market cap of $2.29 billion, a P/E ratio of -13.02 and a beta of 1.63. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $65.88.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMBA shares. Craig Hallum boosted their target price on Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Wells Fargo & Company dropped 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. Roth Mkm reissued a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Stifel Nicolaus boosted their target price on shares of Ambarella from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ambarella presently has a consensus rating of “Hold” and an average price target of $75.00.

Institutional Trading of Ambarella

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 29,379 shares during the period. Kodai Capital Management LP acquired a new stake in shares of Ambarella in the fourth quarter worth approximately $65,543,000. Norges Bank purchased a new stake in Ambarella in the fourth quarter valued at approximately $23,495,000. SWS Partners increased its position in Ambarella by 25.3% during the second quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock worth $4,290,000 after purchasing an additional 16,049 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in Ambarella during the first quarter worth approximately $571,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.