Ambarella (NASDAQ:AMBA) CEO Sells $2,957,825.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 32,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $91.01, for a total value of $2,957,825.00. Following the completion of the transaction, the chief executive officer owned 806,061 shares in the company, valued at $73,359,611.61. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, March 19th, Feng-Ming Wang sold 8,083 shares of Ambarella stock. The shares were sold at an average price of $54.14, for a total value of $437,613.62.
• On Tuesday, March 17th, Feng-Ming Wang sold 18,976 shares of Ambarella stock. The shares were sold at an average price of $52.77, for a total value of $1,001,363.52.
• On Monday, March 2nd, Feng-Ming Wang sold 50,000 shares of Ambarella stock. The shares were sold at an average price of $60.80, for a total value of $3,040,000.00.

Ambarella Stock Up 1.4%

AMBA stock traded up $1.26 during trading on Thursday, hitting $91.84. The company had a trading volume of 2,782,386 shares, compared to its average volume of 987,034. The firm has a market cap of $4.03 billion, a PE ratio of -51.60 and a beta of 2.17. Ambarella, Inc. has a 1-year low of $48.30 and a 1-year high of $96.69. The firm has a 50-day moving average price of $65.50 and a 200-day moving average price of $68.42.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 return on equity of 12.16% and a negative net margin of 19.42%.The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Sell-side analysts anticipate that Ambarella, Inc. will post -1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

AMBA has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 target price on shares of Ambarella in a research report on Tuesday. Consumer Edge restated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Finally, Stifel Nicolaus set a $90.00 target price on shares of Ambarella in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and an average target price of $94.75.

Ambarella News Summary

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Ambarella announced a long-term edge AI agreement with Hanwha that management says could generate more than $800 million in potential revenue over time, boosting confidence in its growth pipeline. Hanwha and Ambarella Enter Into Long-Term Edge AI Agreement
• Positive Sentiment: The company’s first-quarter revenue increased 16.9% year over year to $100.4 million, showing continued demand for its edge AI semiconductor products. Ambarella, Inc. Announces First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Ambarella met earnings expectations with quarterly EPS of $0.11, and several reports noted it narrowly topped estimates, suggesting results were at least stable relative to forecasts. Ambarella (AMBA) Meets Q1 Earnings Estimates
• Neutral Sentiment: The company’s second-quarter revenue guidance of $105 million to $111 million was roughly in line with Wall Street expectations, so the outlook was not a major surprise either way.
• Negative Sentiment: Despite the positive update, at least one market report said Ambarella stock fell after earnings, indicating investors may still be cautious about margins, profitability, or the near-term outlook. Edge AI Chipmaker Ambarella Narrowly Tops Q1 Estimates

Institutional Investors Weigh In On Ambarella

A number of institutional investors and hedge funds have recently modified their holdings of the company. Essential Partners LLC grew its holdings in shares of Ambarella by 90.1% in the 1st 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. Western Wealth Management LLC acquired a new stake in shares of Ambarella in the 1st quarter worth approximately $129,000. Cim Investment Management Inc. grew its holdings in shares of Ambarella by 43.2% in the 1st quarter. Cim Investment Management Inc. now owns 5,998 shares of the semiconductor company’s stock worth $309,000 after acquiring an additional 1,810 shares during the period. Bank of America Corp DE grew its holdings in shares of Ambarella by 7.8% in the 1st quarter. Bank of America Corp DE now owns 481,758 shares of the semiconductor company’s stock worth $24,798,000 after acquiring an additional 34,843 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 252 shares during the period. Institutional investors and hedge funds 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.