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

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 the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total transaction of $391,431.04. Following the sale, the chief executive officer owned 788,929 shares in the company, valued at approximately $62,664,630.47. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ambarella Stock Performance

Shares of NASDAQ:AMBA traded up $0.29 during trading hours on Friday, hitting $82.93. The stock had a trading volume of 1,647,386 shares, compared to its average volume of 1,205,726. The stock's fifty day simple moving average is $72.09 and its 200 day simple moving average is $60.38. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $93.44. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -39.30 and a beta of 2.09.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, beating the consensus estimate 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 company had revenue of $95.51 million for the quarter, compared to analyst estimates of $90.01 million. During the same quarter last year, the business earned ($0.13) earnings per share. Ambarella's revenue was up 49.9% compared to the same quarter last year. Ambarella has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that Ambarella, Inc. will post -2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a report on Friday, August 29th. Susquehanna upped their target price on Ambarella from $80.00 to $90.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Rosenblatt Securities upped their target price on Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Stifel Nicolaus upped their target price on Ambarella from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Roth Capital restated a "neutral" rating on shares of Ambarella in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.88.

Institutional Investors Weigh In On Ambarella

A number of institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its stake in shares of Ambarella by 4.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the semiconductor company's stock valued at $275,000 after buying an additional 196 shares during the period. Advisors Asset Management Inc. raised its holdings in Ambarella by 21.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,134 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 199 shares during the period. Mackenzie Financial Corp raised its holdings in Ambarella by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after acquiring an additional 201 shares during the period. Daiwa Securities Group Inc. raised its holdings in Ambarella by 27.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,143 shares of the semiconductor company's stock worth $76,000 after acquiring an additional 247 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Ambarella by 0.6% in the 2nd quarter. Franklin Resources Inc. now owns 42,506 shares of the semiconductor company's stock worth $2,808,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds 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.