Ambarella, Inc. (NASDAQ:AMBA) VP Sells $317,400.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $52.90, for a total transaction of $317,400.00. Following the transaction, the vice president now owns 173,193 shares of the company’s stock, valued at $9,161,909.70. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, June 21st, Chi-Hong Ju sold 8,900 shares of Ambarella stock. The stock was sold at an average price of $55.53, for a total transaction of $494,217.00.
• On Monday, June 10th, Chi-Hong Ju sold 1,895 shares of Ambarella stock. The stock was sold at an average price of $57.50, for a total transaction of $108,962.50.
• On Friday, June 7th, Chi-Hong Ju sold 2,296 shares of Ambarella stock. The shares were sold at an average price of $56.79, for a total transaction of $130,389.84.

Ambarella Stock Up 1.0 %

Shares of NASDAQ:AMBA opened at $53.95 on Friday. The firm has a market capitalization of $2.21 billion, a PE ratio of -12.66 and a beta of 1.63. Ambarella, Inc. has a twelve month low of $40.31 and a twelve month high of $85.09. The company has a 50-day moving average price of $50.65 and a two-hundred day moving average price of $53.14.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, May 30th. The semiconductor company reported ($0.89) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.09. Ambarella had a negative net margin of 78.36% and a negative return on equity of 24.86%. The firm had revenue of $54.47 million during the quarter, compared to analyst estimates of $54.04 million. Analysts anticipate that Ambarella, Inc. will post -3.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ambarella

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in Ambarella during the third quarter valued at approximately $66,000. DekaBank Deutsche Girozentrale bought a new stake in Ambarella during the fourth quarter valued at approximately $78,000. Daiwa Securities Group Inc. lifted its position in Ambarella by 36.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 381 shares during the last quarter. Larson Financial Group LLC lifted its position in Ambarella by 13,576.9% during the first quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 1,765 shares during the last quarter. Finally, Wrapmanager Inc. bought a new stake in Ambarella during the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Roth Mkm dropped their target price on shares of Ambarella from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Wells Fargo & Company lowered their target price on shares of Ambarella from $65.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Morgan Stanley increased their target price on shares of Ambarella from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Ambarella in a report on Friday, May 31st. Finally, Bank of America lowered their target price on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Ambarella currently has a consensus rating of “Hold” and a consensus price target of $69.75.

About Ambarella

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.