Domestic Sales: Ambarella, Inc. (NASDAQ:AMBA) COO Sell 1,490 shares

Ambarella, Inc. (NASDAQ:AMBA – Get Your Free Report ) COO Chan W. Lee sold 1,490 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $79,774.60. Following 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 document filed with the Securities & Exchange Commission, which is available at this link.

Ambarella share performance

AMBA traded up $1.88 during trading on Thursday, reaching $55.77. 443,451 shares of the company’s stock were exchanged, compared to its average volume of 622,446. The company’s fifty day moving average price is $52.34 and its 200 day moving average price is $51.51. The firm has a market cap of $2.29 billion, a PE ratio of -13.02 and a beta of 1.63. Ambarella, Inc. it has a fifty-two week low of $39.69 and a fifty-two week high of $65.88.

Ambarella (NASDAQ:AMBA – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The business had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. In the same quarter last year, the company posted ($0.76) earnings per share. The company’s revenue rose 2.6% year-over-year. Research analysts estimate that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Changes in Analyst Ratings

A number of equities research analysts have recently weighed in on the company. Westpark Capital reaffirmed a “buy” rating and set a $85.00 target price on shares of Ambarella in a report on Monday, August 26th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research note on Friday, August 23rd. Roth Mkm reiterated a “neutral” rating and set a $60.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Wells Fargo & Company cut their price objective on shares of Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research note 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. The company presently has an average rating of “Hold” and an average price target of $75.00, according to MarketBeat.

Read Ambarella’s latest stock report

Ambarella Institutional Trading

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in Ambarella by 1.6% during 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 grew its holdings in shares of Ambarella by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock valued at $43,171,000 after buying an additional 29,379 shares during the period. Norges Bank acquired a new position in shares of Ambarella in the 4th quarter valued at $23,495,000. Trexquant Investment LP bought a new stake in shares of Ambarella in the 4th quarter valued at $3,176,000. Finally, Edmond DE Rothschild Holding SA raised its stake in Ambarella by 1,181.7% in the 4th quarter. Edmond DE Rothschild Holding SA now owns 10,920 shares of the semiconductor company’s stock worth $669,000 after which bought an additional 10,068 shares during the period. 82.09% of shares are held by institutional investors.

Ambarella company profile

(Get a free report)

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-chip designs HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing and system functions on a single chip to deliver video and image quality, differentiated functionality and low power consumption.

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