Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) insider Chan Lee sold 2,951 shares of Ambarella stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total transaction of $200,284.37. Following the sale, the insider owned 157,098 shares in the company, valued at $10,662,241.26. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ambarella Stock Up 6.2%
AMBA traded up $4.09 on Thursday, reaching $69.97. The company had a trading volume of 2,098,555 shares, compared to its average volume of 1,076,372. Ambarella, Inc. has a 1 year low of $48.30 and a 1 year high of $96.69. The stock has a market capitalization of $3.07 billion, a PE ratio of -43.46 and a beta of 2.15. The stock has a 50-day moving average price of $70.22 and a 200-day moving average price of $66.71.
Ambarella (NASDAQ:AMBA – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $100.36 million for the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. As a group, analysts expect that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on AMBA
Institutional Investors Weigh In On Ambarella
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Ambarella by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after buying an additional 311,649 shares during the last quarter. State Street Corp increased its stake in Ambarella by 8.9% in the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after buying an additional 151,694 shares during the period. Jericho Capital Asset Management L.P. raised its position in Ambarella by 30.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock worth $112,429,000 after buying an additional 373,734 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Ambarella by 49.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock worth $81,644,000 after buying an additional 524,937 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Ambarella by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after acquiring an additional 35,510 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.
About Ambarella
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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