Ambarella Inc (NASDAQ:AMBA) Director Teresa H. Meng sold 214 shares of Ambarella stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $65.00, for a total value of $13,910.00. Following the sale, the director now owns 3,936 shares of the company’s stock, valued at approximately $255,840. The transaction was disclosed in a document filed with the SEC, which is available at this link.
AMBA traded down $0.34 during midday trading on Friday, hitting $62.42. The company’s stock had a trading volume of 474,866 shares, compared to its average volume of 652,466. The company has a current ratio of 8.81, a quick ratio of 8.42 and a debt-to-equity ratio of 0.02. The firm has a market cap of $2.17 billion, a P/E ratio of -56.23 and a beta of 1.23. The firm has a 50-day moving average price of $57.19 and a two-hundred day moving average price of $53.66. Ambarella Inc has a 52-week low of $34.84 and a 52-week high of $67.15.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Monday, November 25th. The semiconductor company reported $0.32 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.54. The company had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $65.00 million. Ambarella had a negative return on equity of 9.51% and a negative net margin of 16.33%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. On average, equities analysts expect that Ambarella Inc will post -1.02 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in Ambarella by 115.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 751 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 403 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Ambarella in the 2nd quarter valued at about $47,000. Point72 Asset Management L.P. purchased a new stake in Ambarella in the 3rd quarter valued at about $69,000. Captrust Financial Advisors purchased a new stake in Ambarella in the 2nd quarter valued at about $79,000. Finally, AdvisorNet Financial Inc grew its holdings in Ambarella by 800.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,800 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 1,600 shares during the period. Institutional investors own 75.52% of the company’s stock.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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