Key Points
- Ambarella CFO John Young sold 1,896 shares for $127,562.88 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 1.73%; he retained 107,806 shares.
- Ambarella reported quarterly EPS of $0.18, slightly above estimates, while revenue rose 13.2% year over year to $108.12 million. Analysts generally rate the stock “Hold,” with a consensus price target of $89.56.
- AMBA shares opened at $68.85, with a market capitalization of approximately $3.04 billion; institutional investors own 82.09% of the company.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CFO John Young sold 1,896 shares of Ambarella stock in a transaction on Friday, September 18th. The shares were sold at an average price of $67.28, for a total value of $127,562.88. Following the completion of the transaction, the chief financial officer owned 107,806 shares of the company's stock, valued at approximately $7,253,187.68. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Alexander Young also recently made the following trade(s):
- On Thursday, September 17th, John Young sold 3,126 shares of Ambarella stock. The stock was sold at an average price of $64.83, for a total value of $202,658.58.
Ambarella Stock Up 4.1%
AMBA stock opened at $68.85 on Tuesday. The stock has a 50-day simple moving average of $71.78 and a two-hundred day simple moving average of $68.21. Ambarella, Inc. has a twelve month low of $48.30 and a twelve month high of $96.69. The firm has a market capitalization of $3.04 billion, a PE ratio of -53.37 and a beta of 2.09.
Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The firm had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company's revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts anticipate that Ambarella, Inc. will post -1.12 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
AMBA has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Ambarella from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, July 10th. Bank of America lowered their price objective on Ambarella from $96.00 to $70.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. Northland Securities set a $101.00 price objective on Ambarella in a research note on Wednesday, June 17th. Oppenheimer restated a "market perform" rating on shares of Ambarella in a research report on Friday, September 4th. Finally, Roth Capital lowered their price target on Ambarella from $90.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $89.56.
Read Our Latest Research Report on Ambarella
Institutional Investors Weigh In On Ambarella
A number of institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new stake in Ambarella during the second quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ambarella in the 2nd quarter worth approximately $34,000. Essential Partners LLC increased its stake in Ambarella by 90.1% in the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 228 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Ambarella in the first quarter valued at approximately $30,000. Finally, EverSource Wealth Advisors LLC lifted its position in Ambarella by 60.6% in the first 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 last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.
Ambarella Company Profile
(
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.
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