Ambarella, Inc. (NASDAQ:AMBA) COO Sells $79,774.60 in Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,490 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following the completion of the sale, the chief operating officer now owns 121,406 shares in the company, valued at approximately $6,500,077.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ambarella Price Performance

NASDAQ AMBA opened at $54.40 on Friday. The stock’s 50-day moving average is $52.07 and its 200-day moving average is $51.49. Ambarella, Inc. has a one year low of $39.69 and a one year high of $65.88. The firm has a market cap of $2.23 billion, a P/E ratio of -12.77 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share 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 firm had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. During the same quarter in the previous year, the firm posted ($0.76) earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Ambarella, Inc. will post -2.99 EPS for the current year.

Institutional Trading of Ambarella

A number of institutional investors have recently modified their holdings of AMBA. Vanguard Group Inc. raised its position in Ambarella by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 4,340,831 shares of the semiconductor company’s stock valued at $220,384,000 after buying an additional 248,297 shares during the last quarter. Millennium Management LLC lifted its position in shares of Ambarella by 7.0% in the second 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 in the last quarter. The Manufacturers Life Insurance Company boosted 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 purchasing an additional 343,385 shares during the last quarter. Kodai Capital Management LP bought a new position in Ambarella in the fourth quarter valued at $65,543,000. Finally, Dimensional Fund Advisors LP lifted its position in Ambarella by 4.4% during the 4th 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 in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMBA. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Ambarella in a research report on Friday, August 23rd. Stifel Nicolaus raised their price target on Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Roth Mkm reissued a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Finally, TD Cowen raised their price objective on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Two 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. According to data from MarketBeat, the stock currently has an average 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.