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 that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $114,522.06. Following the sale, the chief financial officer now directly owns 103,529 shares in the company, valued at approximately $5,542,942.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ambarella Trading Up 3.5 %

Shares of NASDAQ AMBA traded up $1.88 during midday trading on Thursday, reaching $55.77. 443,451 shares of the company 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. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $65.88. The stock has a fifty day simple moving average of $52.34 and a 200 day simple moving average of $51.51.

Ambarella (NASDAQ:AMBA) last announced 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. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. 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 business posted ($0.76) EPS. The company’s revenue was up 2.6% on a year-over-year basis. As a group, analysts forecast that Ambarella, Inc. will post -2.99 earnings per share for the current year.

Hedge Funds Weigh In On Ambarella

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Ambarella by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock valued at $43,171,000 after acquiring an additional 29,379 shares during the period. Kodai Capital Management LP acquired a new position in Ambarella during the fourth quarter worth $65,543,000. Norges Bank acquired a new position in Ambarella during the fourth quarter worth $23,495,000. SWS Partners boosted 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 in the last quarter. Finally, Sei Investments Co. acquired a new stake in Ambarella in the first quarter valued at $571,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Westpark Capital reissued a “buy” rating and set a $85.00 target price on shares of Ambarella in a research note on Monday, August 26th. Bank of America raised 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. 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. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Ambarella in a research report on Friday, August 23rd. Finally, Morgan Stanley upped their price objective on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned 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 target price 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.