Key Points
- Insider Chan Lee sold 2,893 Ambarella shares for approximately $187,553 at an average price of $64.83, reducing his ownership by 1.84% to 154,443 shares.
- Ambarella beat quarterly earnings and revenue expectations, reporting EPS of $0.18 and revenue of $108.12 million; revenue increased 13.2% year over year, although the company remains unprofitable.
- Analyst sentiment is mixed, with five Buy, six Hold, and one Sell rating and a consensus price target of $89.56. Institutional investors own 82.09% of the stock, while several analysts recently lowered their targets or downgraded the shares.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Chi-Hong Ju sold 2,009 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $64.83, for a total value of $130,243.47. Following the completion of the transaction, the vice president owned 154,153 shares of the company's stock, valued at $9,993,738.99. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Chi-Hong Ju also recently made the following trade(s):
- On Wednesday, July 1st, Chi-Hong Ju sold 10,000 shares of Ambarella stock. The shares were sold at an average price of $88.84, for a total value of $888,400.00.
Ambarella Price Performance
NASDAQ:AMBA opened at $66.15 on Friday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -51.28 and a beta of 2.09. The business has a 50 day moving average of $71.84 and a 200 day moving average of $68.08. 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 posted its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The business's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. As a group, sell-side analysts anticipate that Ambarella, Inc. will post -1.11 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $120.00 price target on shares of Ambarella in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating on shares of Ambarella in a research note on Friday, September 4th. Susquehanna increased their target price on Ambarella from $80.00 to $110.00 and gave the company a "positive" rating in a report on Friday, May 29th. Oppenheimer restated a "market perform" rating on shares of Ambarella in a research report on Friday, September 4th. Finally, Stifel Nicolaus decreased their price target on Ambarella from $106.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, September 4th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $89.56.
View Our Latest Analysis on Ambarella
Trending Headlines about Ambarella
Here are the key news stories impacting Ambarella this week:
- Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities
- Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference
- Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing
Hedge Funds Weigh In On Ambarella
A number of hedge funds have recently modified their holdings of the company. Essential Partners LLC raised its stake in shares of Ambarella by 90.1% during the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Ambarella in the first quarter worth about $30,000. Financial Management Professionals Inc. purchased a new position in Ambarella during the 2nd quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ambarella during the 2nd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Ambarella by 60.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 668 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 82.09% of the company's stock.
About Ambarella
(
Get Free Report)
Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.
The company's product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.
Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.
Further Reading
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