Feng-Ming Wang Sells 4,301 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 4,301 shares of the firm’s 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 $230,275.54. Following the transaction, the chief executive officer now directly owns 799,527 shares of the company’s stock, valued at $42,806,675.58. The sale was disclosed in a document filed with the SEC, which is available through this link.

Feng-Ming Wang also recently made the following trade(s):

• On Wednesday, September 4th, Feng-Ming Wang sold 4,382 shares of Ambarella stock. The shares were sold at an average price of $56.02, for a total value of $245,479.64.

Ambarella Stock Up 3.5 %

Shares of AMBA stock traded up $1.88 on Thursday, reaching $55.77. 443,451 shares of the stock were exchanged, compared to its average volume of 622,446. The stock has a market cap of $2.29 billion, a P/E ratio of -13.02 and a beta of 1.63. The firm has a 50 day moving average of $52.34 and a two-hundred day moving average of $51.51. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $65.88.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Ambarella by 6.1% during the first quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company’s stock worth $220,384,000 after buying an additional 248,297 shares during the period. Millennium Management LLC boosted its position in 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 period. The Manufacturers Life Insurance Company increased 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 purchasing an additional 343,385 shares in the last quarter. Kodai Capital Management LP acquired a new position in shares of Ambarella during the fourth quarter worth about $65,543,000. Finally, Dimensional Fund Advisors LP boosted 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 worth $43,171,000 after buying an additional 29,379 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America boosted their price target on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Roth Mkm restated a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Westpark Capital reiterated a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Monday, August 26th. Morgan Stanley boosted their price objective on shares of Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company decreased their target price on shares of Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Ambarella presently has a consensus rating of “Hold” and an average 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.