Yun-Lung Chen Sells 8,492 Shares of Ambarella (NASDAQ:AMBA) Stock

Key Points

• Ambarella VP Yun-Lung Chen sold 8,492 shares of stock at an average price of $84.42, totaling approximately $716,895, reducing his ownership by 12.11%.
• The company's revenue increased by 49.9% year-over-year, reaching $95.51 million, while they reported earnings per share of $0.15, surpassing expectations.
• Analysts have raised price targets for Ambarella, with the average target now at $93.88 and ratings ranging from Strong Buy to Hold.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Yun-Lung Chen sold 8,492 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $84.42, for a total transaction of $716,894.64. Following the sale, the vice president directly owned 61,651 shares in the company, valued at approximately $5,204,577.42. The trade was a 12.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ambarella Trading Up 0.7%

AMBA stock traded up $0.54 during midday trading on Wednesday, reaching $79.68. 794,104 shares of the company's stock traded hands, compared to its average volume of 1,118,401. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $93.44. The stock has a market cap of $3.40 billion, a P/E ratio of -37.76 and a beta of 2.09. The stock's 50-day moving average is $71.47 and its 200 day moving average is $59.98.

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

Analyst Ratings Changes

AMBA has been the subject of a number of recent analyst reports. Oppenheimer reissued a "market perform" rating on shares of Ambarella in a research note on Friday, August 29th. Bank of America upped their price objective on Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. BNP Paribas raised Ambarella to a "strong-buy" rating in a research report on Friday, August 29th. Morgan Stanley boosted their price objective on shares of Ambarella from $80.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a research note 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 assigned a Hold rating to the company. According to MarketBeat, Ambarella presently has an average rating of "Moderate Buy" and an average target price of $93.88.

Institutional Investors Weigh In On Ambarella

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Ambarella by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,848,305 shares of the semiconductor company's stock worth $244,015,000 after purchasing an additional 152,181 shares during the period. State Street Corp increased its position in shares of Ambarella by 8.9% during the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company's stock worth $122,562,000 after purchasing an additional 151,694 shares in the last quarter. Millennium Management LLC lifted its stake in Ambarella by 11.5% in the fourth quarter. Millennium Management LLC now owns 1,394,192 shares of the semiconductor company's stock valued at $101,414,000 after buying an additional 144,268 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Ambarella by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company's stock worth $90,609,000 after purchasing an additional 52,954 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Ambarella by 88.9% during the 1st 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 worth $62,020,000 after acquiring an additional 579,917 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.