Chi-Hong Ju Sells 1,168 Shares of Ambarella (NASDAQ:AMBA) Stock

Key Points

• Chi-Hong Ju, VP of Ambarella, sold 1,168 shares of the company's stock on September 17th, reducing his ownership by 0.68% and leaving him with 170,087 shares valued at approximately $13.5 million.
• Ambarella reported earnings of $0.15 per share for the recent quarter, exceeding analyst expectations, with revenue up 49.9% year-over-year.
• Several research firms, including Rosenblatt Securities and Needham & Company, have raised their price targets for Ambarella’s stock, indicating a consensus rating of "Moderate Buy."

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Chi-Hong Ju sold 1,168 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total value of $92,774.24. Following the sale, the vice president directly owned 170,087 shares in the company, valued at $13,510,010.41. The trade was a 0.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ambarella Trading Up 7.1%

Shares of Ambarella stock traded up $5.88 during trading on Monday, reaching $88.81. The stock had a trading volume of 1,180,136 shares, compared to its average volume of 1,239,806. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of -42.09 and a beta of 2.08. The stock has a fifty day moving average price of $72.55 and a two-hundred day moving average price of $60.68. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $93.44.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.15 earnings per share (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 firm had revenue of $95.51 million for the quarter, compared to analyst estimates of $90.01 million. During the same period in the previous year, the business 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. On average, equities analysts forecast that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Ambarella

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 326 shares during the period. Total Investment Management Inc. acquired a new stake in shares of Ambarella during the 2nd quarter worth $30,000. Virtus Advisers LLC bought a new position in shares of Ambarella in the second quarter worth $49,000. Advisors Asset Management Inc. increased its position in shares of Ambarella by 44.1% in the first quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 286 shares during the period. Finally, State of Wyoming acquired a new position in Ambarella in the second quarter valued at about $63,000. 82.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMBA shares. Northland Securities raised their price objective on Ambarella from $75.00 to $95.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Needham & Company LLC raised their price target on Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, August 29th. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a report on Friday, August 29th. Susquehanna increased their price objective on shares of Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Finally, BNP Paribas raised shares of Ambarella to a "strong-buy" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.88.

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.