Key Points
- Ambarella VP Yun-Lung Chen sold 9,856 shares on June 12 at an average price of $67.06, for a total of about $660,943. Following the sale, he still owned 66,515 shares valued at roughly $4.46 million.
- Ambarella’s latest earnings met expectations, reporting EPS of $0.11 on revenue of $100.36 million, slightly above analyst forecasts and up 16.9% year over year. Despite the revenue growth, the company remains unprofitable with negative margins.
- Wall Street remains cautiously optimistic on AMBA, with a consensus rating of “Moderate Buy” and an average price target of $99.75. Analyst targets range up to $115, though one firm recently downgraded the stock to Hold.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Yun-Lung Chen sold 9,856 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $67.06, for a total transaction of $660,943.36. Following the completion of the sale, the vice president owned 66,515 shares in the company, valued at approximately $4,460,495.90. This trade represents a 12.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Ambarella Stock Performance
Shares of Ambarella stock opened at $67.12 on Wednesday. The firm has a market cap of $2.94 billion, a PE ratio of -41.69 and a beta of 2.15. The firm's 50-day simple moving average is $69.92 and its 200-day simple moving average is $66.77. Ambarella, Inc. has a 1 year low of $48.30 and a 1 year high of $96.69.
Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The firm had revenue of $100.36 million for the quarter, compared to analysts' expectations of $100.12 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Ambarella's revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities analysts predict that Ambarella, Inc. will post -1.13 earnings per share for the current year.
Institutional Trading of Ambarella
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Main Management ETF Advisors LLC raised its holdings in shares of Ambarella by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company's stock valued at $1,220,000 after acquiring an additional 176 shares during the period. National Bank of Canada FI raised its holdings in shares of Ambarella by 18.9% during the third quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company's stock valued at $95,000 after acquiring an additional 182 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of Ambarella by 6.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,109 shares of the semiconductor company's stock valued at $220,000 after acquiring an additional 190 shares during the period. Natixis Advisors LLC raised its holdings in shares of Ambarella by 1.5% during the third quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company's stock valued at $1,132,000 after acquiring an additional 204 shares during the period. Finally, Mariner LLC raised its holdings in shares of Ambarella by 2.6% during the third quarter. Mariner LLC now owns 8,574 shares of the semiconductor company's stock valued at $707,000 after acquiring an additional 219 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AMBA has been the topic of several research reports. Summit Insights cut Ambarella from a "buy" rating to a "hold" rating in a research note on Friday, May 29th. Rosenblatt Securities restated a "buy" rating and set a $115.00 price objective on shares of Ambarella in a research note on Tuesday, May 26th. Consumer Edge restated a "buy" rating on shares of Ambarella in a research note on Friday, May 22nd. Stifel Nicolaus set a $106.00 price objective on Ambarella in a research note on Friday, May 29th. Finally, Susquehanna upped their price objective on Ambarella from $80.00 to $110.00 and gave the company a "positive" rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $99.75.
Read 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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