Ambarella (NASDAQ:AMBA) VP Chi-Hong Ju Sells 2,009 Shares

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 2,009 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total value of $130,243.47. Following the completion of the transaction, the vice president directly owned 154,153 shares in the company, valued at $9,993,738.99. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Chi-Hong Ju also recently made the following trade(s):

• On Wednesday, July 1st, Chi-Hong Ju sold 10,000 shares of Ambarella stock. The shares were sold at an average price of $88.84, for a total value of $888,400.00.

Ambarella Stock Down 1.1%

Shares of Ambarella stock traded down $0.76 on Friday, reaching $66.15. The company’s stock had a trading volume of 1,435,160 shares, compared to its average volume of 1,339,284. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69. The firm’s fifty day simple moving average is $72.06 and its two-hundred day simple moving average is $68.09. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -51.28 and a beta of 2.09.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%.The firm had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. During the same period in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, research analysts predict that Ambarella, Inc. will post -1.11 EPS for the current year.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMBA. Essential Partners LLC raised its position in Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 228 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Ambarella in the 1st quarter worth $30,000. Financial Management Professionals Inc. purchased a new stake in shares of Ambarella in the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Ambarella by 60.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 668 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Ambarella in the 2nd quarter worth $34,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMBA shares. Stifel Nicolaus dropped their price target on shares of Ambarella from $106.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Weiss Ratings upgraded shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Susquehanna boosted their target price on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Oppenheimer reissued a “market perform” rating on shares of Ambarella in a report on Friday, September 4th. Finally, Craig Hallum downgraded Ambarella from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.56.

Ambarella Company Profile

Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.

The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.