Yun-Lung Chen Sells 5,963 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Yun-Lung Chen sold 5,963 shares of Ambarella stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total transaction of $343,230.28. Following the completion of the sale, the vice president now directly owns 62,026 shares of the company’s stock, valued at approximately $3,570,216.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ambarella Stock Performance

AMBA opened at $52.05 on Friday. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $65.88. The firm has a 50-day moving average of $53.18 and a 200 day moving average of $51.72. The firm has a market cap of $2.13 billion, a P/E ratio of -12.22 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The firm had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 25.76%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.76) EPS. Equities research analysts predict that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Institutional Trading of Ambarella

A number of large investors have recently bought and sold shares of AMBA. Russell Investments Group Ltd. grew its stake in shares of Ambarella by 13.5% during the 4th quarter. Russell Investments Group Ltd. now owns 17,146 shares of the semiconductor company’s stock worth $1,051,000 after acquiring an additional 2,034 shares during the period. Natixis Advisors L.P. lifted its holdings in Ambarella by 16.6% during the fourth quarter. Natixis Advisors L.P. now owns 20,409 shares of the semiconductor company’s stock valued at $1,250,000 after purchasing an additional 2,908 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 worth $18,330,000 after purchasing an additional 4,593 shares during the period. Wrapmanager Inc. purchased a new position in shares of Ambarella in the fourth quarter worth about $210,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Ambarella by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock valued at $43,171,000 after purchasing an additional 29,379 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Craig Hallum lifted their price objective on shares of Ambarella from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Roth Mkm reiterated a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Ambarella in a report on Friday, August 23rd. Bank of America raised their target price on Ambarella from $50.00 to $57.00 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $74.58.

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.