Ambarella Inc (NASDAQ:AMBA) CFO George Laplante sold 2,786 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $53.07, for a total transaction of $147,853.02. Following the completion of the transaction, the chief financial officer now owns 103,688 shares in the company, valued at $5,502,722.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Ambarella Inc (AMBA) traded up $1.11 during mid-day trading on Tuesday, hitting $53.97. 667,051 shares of the company were exchanged, compared to its average volume of 1,035,030. The stock has a market cap of $1,806.55, a PE ratio of 98.13, a P/E/G ratio of 16.34 and a beta of 1.53. Ambarella Inc has a 12 month low of $40.06 and a 12 month high of $66.23.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, March 1st. The semiconductor company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $70.60 million for the quarter, compared to analysts’ expectations of $70.26 million. Ambarella had a net margin of 6.38% and a return on equity of 4.08%. Ambarella’s revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. equities research analysts forecast that Ambarella Inc will post 0.22 EPS for the current fiscal year.
AMBA has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $62.00 target price (up from $52.00) on shares of Ambarella in a research note on Wednesday, November 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a research note on Friday, December 1st. Oppenheimer restated a “hold” rating on shares of Ambarella in a research note on Friday, December 1st. Vetr upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.51 price target on the stock in a research note on Tuesday, December 5th. Finally, BidaskClub cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Ambarella presently has a consensus rating of “Hold” and an average price target of $60.83.
Several hedge funds have recently made changes to their positions in AMBA. Victory Capital Management Inc. increased its holdings in Ambarella by 53.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,437 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 1,197 shares during the period. Turner Investments LLC bought a new stake in Ambarella during the 3rd quarter worth approximately $172,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Ambarella by 98.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,334 shares of the semiconductor company’s stock worth $197,000 after acquiring an additional 1,658 shares during the period. HPM Partners LLC bought a new stake in Ambarella during the 4th quarter worth approximately $207,000. Finally, Aperio Group LLC bought a new stake in Ambarella during the 3rd quarter worth approximately $213,000. Institutional investors own 69.82% of the company’s stock.
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Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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