Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) CEO Feng-Ming Wang sold 16,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $90.08, for a total transaction of $1,463,800.00. Following the completion of the transaction, the chief executive officer directly owned 773,607 shares of the company’s stock, valued at approximately $69,686,518.56. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Feng-Ming Wang also recently made the following trade(s):
- On Wednesday, June 17th, Feng-Ming Wang sold 6,204 shares of Ambarella stock. The stock was sold at an average price of $67.87, for a total transaction of $421,065.48.
- On Tuesday, May 26th, Feng-Ming Wang sold 32,500 shares of Ambarella stock. The stock was sold at an average price of $91.01, for a total transaction of $2,957,825.00.
Ambarella Stock Performance
AMBA stock opened at $78.36 on Friday. The company has a 50 day moving average price of $74.00 and a two-hundred day moving average price of $66.55. The stock has a market capitalization of $3.44 billion, a P/E ratio of -48.67 and a beta of 2.11. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in AMBA. Price T Rowe Associates Inc. MD grew its position in Ambarella by 2,312.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock valued at $61,250,000 after acquiring an additional 828,773 shares during the period. UBS Group AG raised its holdings in shares of Ambarella by 379.3% in the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after purchasing an additional 650,306 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Ambarella in the 2nd quarter valued at about $36,810,000. The Manufacturers Life Insurance Company lifted its stake in shares of Ambarella by 49.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after purchasing an additional 524,937 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Ambarella by 121.7% during the 3rd quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock worth $63,962,000 after purchasing an additional 425,546 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have issued reports on AMBA shares. Northland Securities set a $101.00 price target on Ambarella in a research note on Wednesday, June 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ambarella in a report on Friday, June 26th. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a research report on Friday, May 29th. Finally, Bank of America raised their target price on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.50.
Get Our Latest Analysis on AMBA
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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