Feng-Ming Wang Sells 4,928 Shares of Ambarella (NASDAQ:AMBA) Stock

Key Points

• Ambarella's CEO, Feng-Ming Wang, sold 4,928 shares of stock worth $391,431, representing a 0.62% decrease in his total ownership.
• The company's quarterly earnings exceeded expectations, reporting $0.15 earnings per share against a predicted $0.05, and revenue grew by 49.9% year-over-year.
• Several analysts have recently upgraded Ambarella's stock ratings, with target prices ranging from $90 to $96, reflecting positive market sentiment.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CEO Feng-Ming Wang sold 4,928 shares of Ambarella stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $391,431.04. Following the sale, the chief executive officer directly owned 788,929 shares in the company, valued at $62,664,630.47. The trade was a 0.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ambarella Price Performance

AMBA traded up $5.88 on Monday, hitting $88.81. The company had a trading volume of 1,180,136 shares, compared to its average volume of 1,239,806. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $93.44. The firm has a market capitalization of $3.79 billion, a P/E ratio of -42.09 and a beta of 2.08. The stock has a fifty day simple moving average of $72.55 and a 200-day simple moving average of $60.68.

Ambarella (NASDAQ:AMBA - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.10. Ambarella had a negative net margin of 25.46% and a negative return on equity of 14.73%. The firm had revenue of $95.51 million for the quarter, compared to the consensus estimate of $90.01 million. During the same period in the prior year, the firm earned ($0.13) EPS. The company's revenue was up 49.9% compared to the same quarter last year. Ambarella has set its Q3 2026 guidance at EPS. Equities research analysts expect that Ambarella, Inc. will post -2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMBA. Morgan Stanley raised their price target on Ambarella from $80.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Rosenblatt Securities lifted their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Susquehanna upped their target price on shares of Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. BNP Paribas raised shares of Ambarella to a "strong-buy" rating in a research report on Friday, August 29th. Finally, Northland Securities increased their target price on Ambarella from $75.00 to $95.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Ambarella has an average rating of "Moderate Buy" and an average price target of $93.88.

Institutional Trading of Ambarella

A number of hedge funds have recently bought and sold shares of the company. Nuveen LLC purchased a new position in Ambarella during the first quarter valued at $32,169,000. Jacobs Levy Equity Management Inc. raised its holdings in Ambarella by 1,635.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 647,788 shares of the semiconductor company's stock valued at $32,603,000 after acquiring an additional 610,460 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Ambarella by 88.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company's stock valued at $62,020,000 after acquiring an additional 579,917 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Ambarella in the second quarter worth about $36,810,000. Finally, Balyasny Asset Management L.P. grew its position in shares of Ambarella by 894.7% during the second quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company's stock worth $30,361,000 after purchasing an additional 413,362 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

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.