Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Christopher Day sold 483 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 value of $25,859.82. Following the completion of the sale, the vice president now directly owns 21,370 shares in the company, valued at approximately $1,144,149.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Christopher Day also recently made the following trade(s):
- On Monday, July 8th, Christopher Day sold 1,408 shares of Ambarella stock. The shares were 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 opened at $55.77 on Friday. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $65.88. The company's 50 day moving average is $52.22 and its two-hundred day moving average is $51.54. The company has a market cap of $2.29 billion, a PE ratio of -13.09 and a beta of 1.63.
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Ambarella (NASDAQ:AMBA - Get Free Report) last issued its earnings results 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 net margin of 79.46% and a negative return on equity of 26.01%. The firm had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. During the same quarter in the previous year, the firm posted ($0.76) earnings per share. The company's revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts expect that Ambarella, Inc. will post -2.99 EPS for the current year.
Institutional Investors Weigh In On Ambarella
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new position in Ambarella in the second quarter valued at approximately $26,000. CWM LLC boosted its holdings in shares of Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after buying an additional 304 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Ambarella by 62.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company's stock valued at $78,000 after buying an additional 552 shares during the last quarter. Larson Financial Group LLC raised its stake in Ambarella by 13,576.9% during the 1st quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company's stock worth $90,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Ambarella by 22.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company's stock worth $177,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Ambarella from $65.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, May 31st. Stifel Nicolaus increased their price target on shares of Ambarella from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Westpark Capital reissued a "buy" rating and issued a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. Bank of America upped their target price on shares of Ambarella from $50.00 to $57.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price target on shares of Ambarella in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $75.00.
View Our Latest Analysis on AMBA
About Ambarella
(
Get 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-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.
Further Reading
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