Ambarella (NASDAQ:AMBA) VP Chi-Hong Ju Sells 2,017 Shares

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 2,017 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total value of $136,893.79. Following the transaction, the vice president directly owned 165,924 shares in the company, valued at approximately $11,261,261.88. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ambarella Stock Performance

Shares of NASDAQ:AMBA opened at $69.97 on Friday. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69. The business’s 50 day simple moving average is $70.60 and its two-hundred day simple moving average is $66.68. The firm has a market cap of $3.07 billion, a P/E ratio of -43.46 and a beta of 2.15.

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

Institutional Trading of Ambarella

Several institutional investors have recently made changes to their positions in AMBA. Essential Partners LLC raised its holdings in shares of Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Ambarella by 362.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 326 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Ambarella in the 1st quarter worth about $30,000. Advisory Services Network LLC purchased a new stake in Ambarella in the 3rd quarter valued at about $33,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Ambarella by 162.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 325 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMBA. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a research report on Friday, May 29th. Rosenblatt Securities restated a “buy” rating and issued a $115.00 target price on shares of Ambarella in a report on Tuesday, May 26th. Northland Securities set a $101.00 price target on Ambarella in a research note on Wednesday. Finally, Bank of America boosted their price objective on Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ambarella presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.50.

Ambarella Company Profile

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.