Key Points
- Ambarella VP Chi‑Hong Ju sold 7,728 shares on Jan 5 at an average price of $75.58, generating $584,082 and trimming his stake by 5.03% to 146,039 shares (≈$11.04M).
- The Jan 5 sale follows multiple recent dispositions by Ju (3,765 shares on Dec 30 at $70.32; 1,342 on Dec 17 at $71.82; and larger sales in October), indicating a pattern of insider selling.
- For context, Ambarella (AMBA) trades around $70.54 with a $3.04B market cap, recently beat quarterly revenue/ EPS estimates but still posts negative margins and carries a consensus analyst rating of “Moderate Buy” with a $96 target.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Chi-Hong Ju sold 7,728 shares of the firm's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $75.58, for a total transaction of $584,082.24. Following the transaction, the vice president owned 146,039 shares of the company's stock, valued at approximately $11,037,627.62. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Chi-Hong Ju also recently made the following trade(s):
- On Tuesday, December 30th, Chi-Hong Ju sold 3,765 shares of Ambarella stock. The stock was sold at an average price of $70.32, for a total transaction of $264,754.80.
- 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 stock was 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 Stock Performance
NASDAQ AMBA opened at $70.54 on Thursday. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $96.69. The business's fifty day moving average is $78.80 and its two-hundred day moving average is $76.02. The stock has a market capitalization of $3.04 billion, a P/E ratio of -37.52 and a beta of 1.95.
Ambarella (NASDAQ:AMBA - Get Free Report) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. The business had revenue of $108.45 million for the quarter, compared to analysts' expectations of $104.11 million. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The company's quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. On average, research analysts forecast that Ambarella, Inc. will post -2.81 earnings per share for the current year.
Institutional Investors Weigh In On Ambarella
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd lifted its holdings in Ambarella by 72.2% in the 2nd quarter. Bayforest Capital Ltd now owns 9,461 shares of the semiconductor company's stock worth $625,000 after purchasing an additional 3,966 shares during the last quarter. Creative Planning grew its holdings in Ambarella by 30.8% in the 2nd quarter. Creative Planning now owns 21,569 shares of the semiconductor company's stock valued at $1,425,000 after buying an additional 5,085 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Ambarella in the second quarter worth $373,000. Wealth Enhancement Advisory Services LLC acquired a new position in Ambarella during the 2nd quarter valued at $471,000. Finally, Asset Management One Co. Ltd. raised its stake in Ambarella by 268.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,407 shares of the semiconductor company's stock valued at $357,000 after purchasing an additional 3,941 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.
Wall Street Analysts Forecast Growth
AMBA has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Ambarella from $90.00 to $92.00 and gave the company a "neutral" rating in a research note on Wednesday, November 26th. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 price target on shares of Ambarella in a research report on Wednesday, November 26th. Consumer Edge reiterated a "buy" rating on shares of Ambarella in a research report on Friday, November 21st. Finally, Rosenblatt Securities boosted their target price on shares of Ambarella from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $96.00.
View Our Latest Research Report 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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