Key Points
- Ambarella VP Chi‑Hong Ju sold 3,765 shares on Dec. 30 at an average price of $70.32 for $264,754.80, reducing his stake by 2.39% to 153,767 shares (≈$10.8M).
- The Dec. 30 sale continues recent insider disposals by Ju, who also sold 1,342 shares on Dec. 17 and a combined 11,213 shares on Oct. 13–14, indicating ongoing executive selling activity.
- Ambarella recently beat quarterly EPS estimates and reported 31.2% year‑over‑year revenue growth but still shows a negative net margin and ROE; analysts’ consensus is a Moderate Buy with a $96 price target.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Chi-Hong Ju sold 3,765 shares of the business's stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $70.32, for a total value of $264,754.80. Following the transaction, the vice president directly owned 153,767 shares in the company, valued at $10,812,895.44. This trade represents a 2.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Chi-Hong Ju also recently made the following trade(s):
- On Wednesday, December 17th, Chi-Hong Ju sold 1,342 shares of Ambarella stock. The shares were sold at an average price of $71.82, for a total transaction of $96,382.44.
- On Tuesday, October 14th, Chi-Hong Ju sold 6,156 shares of Ambarella stock. The shares were sold at an average price of $80.96, for a total transaction of $498,389.76.
- On Monday, October 13th, Chi-Hong Ju sold 5,057 shares of Ambarella stock. The stock was sold at an average price of $81.29, for a total transaction of $411,083.53.
Ambarella Price Performance
NASDAQ:AMBA opened at $70.84 on Thursday. The company's 50-day moving average is $79.88 and its two-hundred day moving average is $75.23. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $96.69. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -37.68 and a beta of 1.98.
Ambarella (NASDAQ:AMBA - Get Free Report) last released its quarterly 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 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 analyst estimates of $104.11 million. During the same quarter in the previous year, the company earned $0.11 EPS. The business's revenue for the quarter was up 31.2% compared to the same quarter last year. As a group, equities analysts anticipate that Ambarella, Inc. will post -2.81 earnings per share for the current fiscal year.
Institutional Trading of Ambarella
A number of large investors have recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in Ambarella by 1.0% in the first quarter. Northern Trust Corp now owns 386,686 shares of the semiconductor company's stock valued at $19,462,000 after purchasing an additional 3,650 shares during the period. Ieq Capital LLC purchased a new position in shares of Ambarella in the 1st quarter valued at about $335,000. Trexquant Investment LP grew its position in shares of Ambarella by 154.2% during the first 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 in the last quarter. Quarry LP increased its stake in shares of Ambarella by 611.5% during the first quarter. Quarry LP now owns 1,793 shares of the semiconductor company's stock worth $90,000 after buying an additional 1,541 shares during the period. Finally, Royal Bank of Canada lifted its stake in Ambarella by 2.1% in the first quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company's stock worth $3,258,000 after acquiring an additional 1,307 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on AMBA shares. Stifel Nicolaus restated a "buy" rating and issued a $100.00 price objective (up from $90.00) on shares of Ambarella in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ambarella in a research report on Wednesday, October 8th. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 25th. Rosenblatt Securities upped their price target on Ambarella from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 price target on shares of Ambarella in a research report on Wednesday, November 26th. Two 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.00.
Check Out Our Latest Stock Report on AMBA
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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