Ambarella (NASDAQ:AMBA) CEO Feng-Ming Wang Sells 6,204 Shares

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 6,204 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.87, for a total value of $421,065.48. Following the transaction, the chief executive officer owned 799,857 shares of the company’s stock, valued at $54,286,294.59. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Feng-Ming Wang also recently made the following trade(s):

• 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

Shares of Ambarella stock opened at $69.97 on Friday. The company has a 50-day simple moving average of $70.60 and a two-hundred day simple moving average of $66.68. The stock has a market capitalization of $3.07 billion, a PE ratio of -43.46 and a beta of 2.15. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $100.36 million for the quarter, compared to analysts’ expectations of $100.12 million. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. As a group, equities research analysts forecast that Ambarella, Inc. will post -1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Ambarella by 2,312.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock worth $61,250,000 after purchasing an additional 828,773 shares in the last quarter. UBS Group AG lifted its position in Ambarella by 379.3% during the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after purchasing an additional 650,306 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Ambarella during the second quarter valued at $36,810,000. The Manufacturers Life Insurance Company lifted its position in Ambarella by 49.5% during the first 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 Ambarella by 121.7% during the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after purchasing an additional 425,546 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMBA shares. Summit Insights cut Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Susquehanna lifted their price objective on Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Stifel Nicolaus set a $106.00 target price on Ambarella in a research report on Friday, May 29th. Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Finally, Northland Securities set a $101.00 price target on shares of Ambarella in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.50.

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.