Key Points
- Director Elizabeth Schwarting sold 624 shares on Dec. 16 at an average price of $72.38 for $45,165.12, trimming her stake by 8.53% to 6,690 shares, per the SEC filing.
- Ambarella beat quarterly estimates with $0.27 EPS vs $0.21 expected and revenue of $108.45M (+31.2% YoY) but still posts negative net margin and ROE; analysts' consensus is a "Moderate Buy" with a $96 target.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) Director Elizabeth Schwarting sold 624 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $72.38, for a total transaction of $45,165.12. Following the completion of the sale, the director directly owned 6,690 shares of the company's stock, valued at $484,222.20. This trade represents a 8.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ambarella Trading Up 0.7%
NASDAQ AMBA opened at $70.46 on Friday. The stock has a market cap of $3.03 billion, a P/E ratio of -37.48 and a beta of 1.98. The company's fifty day simple moving average is $81.66 and its 200-day simple moving average is $73.95. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $96.69.
Ambarella (NASDAQ:AMBA - Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. The firm had revenue of $108.45 million for the quarter, compared to the consensus estimate of $104.11 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm's quarterly revenue was up 31.2% on a year-over-year basis. On average, research analysts expect that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.
Hedge Funds Weigh In On Ambarella
Several large investors have recently added to or reduced their stakes in AMBA. Russell Investments Group Ltd. raised its holdings in shares of Ambarella by 232.6% during the first quarter. Russell Investments Group Ltd. now owns 75,169 shares of the semiconductor company's stock worth $3,783,000 after purchasing an additional 52,570 shares during the period. Northern Trust Corp lifted its holdings in shares of Ambarella by 1.0% in the 1st quarter. Northern Trust Corp now owns 386,686 shares of the semiconductor company's stock worth $19,462,000 after purchasing an additional 3,650 shares during the last quarter. Quantbot Technologies LP acquired a new position in Ambarella during the 1st quarter valued at approximately $181,000. Ieq Capital LLC acquired a new position in Ambarella during the 1st quarter valued at approximately $335,000. Finally, Trexquant Investment LP grew its stake in Ambarella by 154.2% during the 1st quarter. Trexquant Investment LP now owns 78,240 shares of the semiconductor company's stock worth $3,938,000 after buying an additional 47,461 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on AMBA. Roth Capital reiterated a "neutral" rating on shares of Ambarella in a research note on Wednesday, November 26th. Summit Insights upgraded Ambarella from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 25th. Bank of America increased their target price on Ambarella from $90.00 to $92.00 and gave the company a "neutral" rating in a research note on Wednesday, November 26th. Stifel Nicolaus restated a "buy" rating and issued a $100.00 price target (up previously from $90.00) on shares of Ambarella in a research note on Wednesday, November 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Ambarella in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $96.00.
View Our Latest Report on AMBA
Ambarella Company Profile
(
Get Free Report)
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.
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