Key Points
- Director Christopher Paisley sold 500 shares on December 26 at an average price of $72.18 for $36,090, trimming his stake by 1.20% to 41,279 shares (valued about $2.98M) per the SEC filing.
- Ambarella beat quarterly estimates with $0.27 EPS (vs. $0.21) and $108.45M revenue (up 31.2% YoY), but it still posts a negative net margin and ROE; analysts' consensus is a "Moderate Buy" with an average $96 price target.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) Director Christopher Paisley sold 500 shares of the firm's stock in a transaction on Friday, December 26th. The stock was sold at an average price of $72.18, for a total transaction of $36,090.00. Following the completion of the sale, the director owned 41,279 shares of the company's stock, valued at $2,979,518.22. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Ambarella Trading Down 1.9%
AMBA opened at $70.07 on Tuesday. The company has a fifty day moving average price of $80.32 and a two-hundred day moving average price of $75.13. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $96.69. The company has a market cap of $3.02 billion, a P/E ratio of -37.27 and a beta of 1.98.
Ambarella (NASDAQ:AMBA - Get Free Report) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The company had revenue of $108.45 million during the quarter, compared to the consensus estimate of $104.11 million. During the same period last year, the business posted $0.11 EPS. The firm's revenue for the quarter was up 31.2% compared to the same quarter last year. On average, research analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.
Institutional Trading of Ambarella
Several institutional investors have recently made changes to their positions in AMBA. State Street Corp raised its holdings in shares of Ambarella by 8.9% in the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company's stock valued at $122,562,000 after purchasing an additional 151,694 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Ambarella by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company's stock worth $90,609,000 after purchasing an additional 52,954 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Ambarella by 88.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company's stock valued at $62,020,000 after buying an additional 579,917 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of Ambarella by 10.5% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,213,347 shares of the semiconductor company's stock worth $100,125,000 after buying an additional 114,865 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ambarella by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 976,281 shares of the semiconductor company's stock worth $64,505,000 after buying an additional 28,371 shares in the last quarter. Institutional investors own 82.09% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on AMBA shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. Rosenblatt Securities upped their price objective on shares of Ambarella from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, November 26th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ambarella in a report on Wednesday, October 8th. Bank of America boosted their target price on shares of Ambarella from $90.00 to $92.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen cut shares of Ambarella from a "buy" rating to a "hold" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Ambarella has an average rating of "Moderate Buy" and an average price target of $96.00.
Check Out Our Latest Stock Analysis on Ambarella
Ambarella Company Profile
(
Get Free Report)
Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella's platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.
Ambarella's product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.
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