Ambarella (NASDAQ:AMBA) CEO Feng-Ming Wang Sells 32,500 Shares

Key Points

• Ambarella CEO Feng-Ming Wang sold 32,500 shares on May 26 at an average price of $91.01, totaling about $2.96 million. The sale, made under a pre-arranged 10b5-1 plan, reduced his ownership by 3.88%.
• Ambarella reported solid quarterly results, with EPS of $0.11 matching estimates and revenue of $100.36 million slightly topping forecasts. Revenue rose 16.9% year over year, though profitability remained negative.
• Analysts remain cautiously positive on the stock, with a consensus rating of “Moderate Buy” and an average target price of $94.75. Shares recently traded near $91.84, close to the company’s 52-week high of $96.69.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CEO Feng-Ming Wang sold 32,500 shares of Ambarella stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $91.01, for a total value of $2,957,825.00. Following the sale, the chief executive officer directly owned 806,061 shares of the company's stock, valued at $73,359,611.61. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Feng-Ming Wang also recently made the following trade(s):

• On Thursday, March 19th, Feng-Ming Wang sold 8,083 shares of Ambarella stock. The stock was sold at an average price of $54.14, for a total value of $437,613.62.
• On Tuesday, March 17th, Feng-Ming Wang sold 18,976 shares of Ambarella stock. The stock was sold at an average price of $52.77, for a total value of $1,001,363.52.
• On Monday, March 2nd, Feng-Ming Wang sold 50,000 shares of Ambarella stock. The stock was sold at an average price of $60.80, for a total value of $3,040,000.00.

Ambarella Stock Performance

NASDAQ AMBA traded up $1.26 during trading on Thursday, reaching $91.84. 2,782,386 shares of the company's stock were exchanged, compared to its average volume of 987,034. The stock has a market cap of $4.03 billion, a P/E ratio of -51.60 and a beta of 2.17. The company has a 50 day moving average price of $65.50 and a two-hundred day moving average price of $68.42. Ambarella, Inc. has a 1 year low of $48.30 and a 1 year high of $96.69.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $100.36 million during the quarter, compared to the consensus estimate of $100.12 million. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.Ambarella's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. Research analysts forecast that Ambarella, Inc. will post -1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMBA. Stifel Nicolaus set a $90.00 target price on Ambarella in a research report on Friday, May 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $115.00 target price on shares of Ambarella in a research report on Tuesday. Finally, Consumer Edge reiterated a "buy" rating on shares of Ambarella in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $94.75.

Hedge Funds Weigh In On Ambarella

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of Ambarella in the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC increased its position in Ambarella by 362.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 326 shares during the period. Essential Partners LLC increased its position in Ambarella by 90.1% in the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 228 shares during the period. Steward Partners Investment Advisory LLC increased its position in Ambarella by 162.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 325 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Ambarella in the 1st quarter valued at about $30,000. 82.09% of the stock is owned by institutional investors and hedge funds.

More Ambarella News

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Ambarella announced a long-term edge AI agreement with Hanwha that management says could generate more than $800 million in potential revenue over time, boosting confidence in its growth pipeline. Hanwha and Ambarella Enter Into Long-Term Edge AI Agreement
• Positive Sentiment: The company’s first-quarter revenue increased 16.9% year over year to $100.4 million, showing continued demand for its edge AI semiconductor products. Ambarella, Inc. Announces First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Ambarella met earnings expectations with quarterly EPS of $0.11, and several reports noted it narrowly topped estimates, suggesting results were at least stable relative to forecasts. Ambarella (AMBA) Meets Q1 Earnings Estimates
• Neutral Sentiment: The company’s second-quarter revenue guidance of $105 million to $111 million was roughly in line with Wall Street expectations, so the outlook was not a major surprise either way.
• Negative Sentiment: Despite the positive update, at least one market report said Ambarella stock fell after earnings, indicating investors may still be cautious about margins, profitability, or the near-term outlook. Edge AI Chipmaker Ambarella Narrowly Tops Q1 Estimates

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella's platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella's product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.

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