Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 483 Shares

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 483 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the sale, the vice president now owns 21,370 shares in the company, valued at $1,144,149.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Christopher Day also recently made the following trade(s):

• On Monday, July 8th, Christopher Day sold 1,408 shares of Ambarella stock. The stock was sold at an average price of $61.66, for a total value of $86,817.28.

Ambarella Trading Up 3.5 %

Shares of NASDAQ AMBA traded up $1.88 during trading hours on Thursday, reaching $55.77. The stock had a trading volume of 443,451 shares, compared to its average volume of 622,446. The firm has a 50-day moving average of $52.34 and a 200-day moving average of $51.51. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -13.02 and a beta of 1.63. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $65.88.

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

Analyst Ratings Changes

A number of brokerages have recently commented on AMBA. Roth Mkm reissued a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Ambarella in a report on Wednesday, August 28th. Stifel Nicolaus raised their price objective on shares of Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Bank of America lifted their price objective on shares of Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley increased their target price on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $75.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Ambarella by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 299,062 shares of the semiconductor company’s stock worth $18,330,000 after buying an additional 4,593 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 29,379 shares during the last quarter. Norges Bank acquired a new stake in Ambarella during the 4th quarter worth approximately $23,495,000. Trexquant Investment LP purchased a new position in shares of Ambarella in the 4th quarter valued at approximately $3,176,000. Finally, Edmond DE Rothschild Holding S.A. increased its holdings 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 valued at $669,000 after purchasing an additional 10,068 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.