Chi-Hong Ju Sells 3,765 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 3,765 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $70.32, for a total transaction of $264,754.80. Following the sale, the vice president directly owned 153,767 shares in the company, valued at $10,812,895.44. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, December 17th, Chi-Hong Ju sold 1,342 shares of Ambarella stock. The shares were sold at an average price of $71.82, for a total transaction of $96,382.44.
• On Tuesday, October 14th, Chi-Hong Ju sold 6,156 shares of Ambarella stock. The shares were sold at an average price of $80.96, for a total transaction of $498,389.76.
• On Monday, October 13th, Chi-Hong Ju sold 5,057 shares of Ambarella stock. The shares were sold at an average price of $81.29, for a total transaction of $411,083.53.

Ambarella Trading Up 1.5%

AMBA traded up $1.07 on Wednesday, reaching $70.84. The stock had a trading volume of 514,340 shares, compared to its average volume of 843,957. The business’s 50-day moving average price is $80.06 and its two-hundred day moving average price is $75.26. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $96.69. The company has a market cap of $3.05 billion, a P/E ratio of -37.68 and a beta of 1.98.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $108.45 million for the quarter, compared to analysts’ expectations of $104.11 million. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The company’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. As a group, analysts predict that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Analysts Set New Price Targets

AMBA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 target price on shares of Ambarella in a research report on Wednesday, November 26th. Rosenblatt Securities increased their price objective on shares of Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Roth Capital reiterated a “neutral” rating on shares of Ambarella in a research report on Wednesday, November 26th. Summit Insights upgraded shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently added to or reduced their stakes in AMBA. UBS Group AG increased its stake 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 acquiring an additional 650,306 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Ambarella by 1,635.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 647,788 shares of the semiconductor company’s stock valued at $32,603,000 after purchasing an additional 610,460 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Ambarella by 88.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock worth $62,020,000 after purchasing an additional 579,917 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Ambarella during the second quarter worth about $36,810,000. Finally, Barclays PLC raised its stake in Ambarella by 121.7% during the third 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. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.