Ambarella (NASDAQ:AMBA) CEO Feng-Ming Wang Sells 6,086 Shares

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 6,086 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $64.83, for a total transaction of $394,555.38. Following the sale, the chief executive officer directly owned 767,759 shares in the company, valued at $49,773,815.97. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, July 1st, Feng-Ming Wang sold 16,250 shares of Ambarella stock. The shares were sold at an average price of $90.08, for a total transaction of $1,463,800.00.

Ambarella Trading Down 1.1%

NASDAQ:AMBA opened at $66.15 on Friday. The stock has a market capitalization of $2.92 billion, a P/E ratio of -51.28 and a beta of 2.09. 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 of $71.84 and a 200-day moving average of $68.08.

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

Hedge Funds Weigh In On Ambarella

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. increased its stake in shares of Ambarella by 30.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock valued at $112,429,000 after acquiring an additional 373,734 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Ambarella by 49.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock worth $81,644,000 after acquiring an additional 524,937 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ambarella by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock valued at $72,305,000 after purchasing an additional 35,510 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ambarella by 28.1% during the first quarter. Dimensional Fund Advisors LP now owns 638,587 shares of the semiconductor company’s stock valued at $32,866,000 after purchasing an additional 139,928 shares during the period. Finally, Legal & General Group Plc grew its holdings in Ambarella by 18.4% during the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock valued at $43,497,000 after purchasing an additional 95,218 shares during the period. Institutional investors own 82.09% of the company’s stock.

Key Headlines Impacting Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities
• Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference
• Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing

Analyst Ratings Changes

A number of equities research analysts have commented on AMBA shares. Stifel Nicolaus decreased their price objective 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. Needham & Company LLC reiterated a “buy” rating on shares of Ambarella in a research report on Friday, September 4th. Bank of America decreased their price target on shares of Ambarella from $96.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Oppenheimer restated a “market perform” rating on shares of Ambarella in a research report on Friday, September 4th. Finally, Craig Hallum cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ambarella presently has an average rating of “Hold” and a consensus target price of $89.56.

About Ambarella

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.