Ambarella (NASDAQ:AMBA) CEO Sells $1,463,800.00 in Stock

Ambarella, Inc. (NASDAQ:AMBAGet 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.

Ambarella (NASDAQ:AMBAGet Free Report) last issued its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates 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 revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. Research analysts forecast that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

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

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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