Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,490 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,490 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $79,774.60. Following the completion of the sale, the chief operating officer now directly owns 121,406 shares of the company’s stock, valued at approximately $6,500,077.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ambarella Price Performance

AMBA opened at $54.40 on Friday. The company has a market capitalization of $2.23 billion, a PE ratio of -12.77 and a beta of 1.63. The business has a fifty day simple moving average of $52.07 and a 200 day simple moving average of $51.49. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $65.88.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The business had revenue of $63.70 million for the quarter, compared to the consensus estimate of $62.10 million. During the same period in the prior year, the company posted ($0.76) earnings per share. Ambarella’s revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Ambarella by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 299,062 shares of the semiconductor company’s stock valued at $18,330,000 after buying an additional 4,593 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ambarella by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock valued at $43,171,000 after acquiring an additional 29,379 shares in the last quarter. Norges Bank bought a new stake in shares of Ambarella during the 4th quarter valued at $23,495,000. Trexquant Investment LP bought a new stake in shares of Ambarella during the 4th quarter valued at $3,176,000. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Ambarella by 1,181.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 10,920 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 10,068 shares during the period. 82.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMBA has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley lifted their price target on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Craig Hallum boosted their price target on Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Wells Fargo & Company cut their price objective on Ambarella from $65.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Finally, Bank of America boosted their target price on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $75.00.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.