Key Points
- CEO Feng-Ming Wang sold 50,000 shares on March 2 at an average price of $60.80, netting $3.04 million and cutting his stake by 6.11% to 768,979 shares (≈$46.75M).
- Ambarella beat quarterly estimates with $0.13 EPS vs. $0.10 expected and $100.87M revenue, but remains unprofitable (net margin -19.42%) and analysts have a consensus "Moderate Buy" with a $96 price target while forecasting -2.81 EPS for the year.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CEO Feng-Ming Wang sold 50,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $60.80, for a total value of $3,040,000.00. Following the completion of the sale, the chief executive officer directly owned 768,979 shares in the company, valued at approximately $46,753,923.20. This represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Feng-Ming Wang also recently made the following trade(s):
- On Wednesday, December 17th, Feng-Ming Wang sold 4,950 shares of Ambarella stock. The stock was sold at an average price of $71.82, for a total value of $355,509.00.
Ambarella Stock Down 1.6%
Shares of NASDAQ:AMBA opened at $56.55 on Thursday. The business has a 50 day moving average price of $67.09 and a 200 day moving average price of $75.82. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -31.77 and a beta of 1.95. Ambarella, Inc. has a twelve month low of $38.86 and a twelve month high of $96.69.
Ambarella (NASDAQ:AMBA - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. The company had revenue of $100.87 million during the quarter, compared to analyst estimates of $100.17 million. Ambarella had a negative return on equity of 12.24% and a negative net margin of 19.42%.The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. Analysts anticipate that Ambarella, Inc. will post -2.81 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in AMBA. Royal Bank of Canada grew its holdings in shares of Ambarella by 2.1% in the 1st quarter. Royal Bank of Canada now owns 64,744 shares of the semiconductor company's stock worth $3,258,000 after purchasing an additional 1,307 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Ambarella by 44.1% during the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock worth $47,000 after buying an additional 286 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Ambarella by 126.6% during the first quarter. AQR Capital Management LLC now owns 84,871 shares of the semiconductor company's stock worth $4,272,000 after buying an additional 47,414 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Ambarella by 34.6% in the first quarter. Empowered Funds LLC now owns 6,838 shares of the semiconductor company's stock valued at $344,000 after acquiring an additional 1,758 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in Ambarella by 48.1% during the 1st quarter. Intech Investment Management LLC now owns 25,586 shares of the semiconductor company's stock valued at $1,288,000 after purchasing an additional 8,306 shares in the last quarter. 82.09% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on AMBA. Consumer Edge reiterated a "buy" rating on shares of Ambarella in a research note on Tuesday, February 24th. Wall Street Zen lowered Ambarella from a "buy" rating to a "hold" rating in a report on Saturday, December 27th. Weiss Ratings restated a "sell (d-)" rating on shares of Ambarella in a research note on Wednesday, January 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. Finally, Roth Mkm reissued a "neutral" rating on shares of Ambarella in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ambarella currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.00.
Get Our Latest Research Report on AMBA
About Ambarella
(
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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