Ambarella (NASDAQ:AMBA) VP Chi-Hong Ju Sells 2,009 Shares

Key Points

• Ambarella VP Chi-Hong Ju sold 2,009 shares at an average price of $64.83, generating approximately $130,243; he retained 154,153 shares after the transaction.
• Ambarella reported quarterly EPS of $0.18, slightly above analyst estimates, while revenue rose 13.2% year over year to $108.12 million. Despite the earnings beat, the company posted a negative net margin of 13.48%.
• The stock traded around $66.15, and analysts maintained a consensus “Hold” rating with an average price target of $89.56; institutional investors own approximately 82.09% of outstanding shares.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Chi-Hong Ju sold 2,009 shares of Ambarella stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total value of $130,243.47. Following the sale, the vice president directly owned 154,153 shares in the company, valued at approximately $9,993,738.99. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chi-Hong Ju also recently made the following trade(s):

• On Wednesday, July 1st, Chi-Hong Ju sold 10,000 shares of Ambarella stock. The shares were sold at an average price of $88.84, for a total value of $888,400.00.

Ambarella Stock Performance

Shares of NASDAQ AMBA traded down $0.76 during mid-day trading on Friday, hitting $66.15. 1,435,160 shares of the stock traded hands, compared to its average volume of 1,339,284. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -51.28 and a beta of 2.09. The stock has a fifty day moving average price of $72.06 and a 200-day moving average price of $68.09.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $108.12 million for the quarter, compared to analysts' expectations of $107.76 million. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%.The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, sell-side analysts predict that Ambarella, Inc. will post -1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AMBA shares. Needham & Company LLC reiterated a "buy" rating on shares of Ambarella in a research note on Friday, September 4th. Consumer Edge reissued a "buy" rating on shares of Ambarella in a research note on Friday, May 22nd. Bank of America cut their price objective on shares of Ambarella from $96.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, September 4th. Stifel Nicolaus decreased their target price on shares of Ambarella from $106.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, September 4th. Finally, Weiss Ratings upgraded shares of Ambarella from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ambarella currently has a consensus rating of "Hold" and a consensus price target of $89.56.

Hedge Funds Weigh In On Ambarella

Several institutional investors and hedge funds have recently modified their holdings of AMBA. Legal & General Group Plc raised its position in shares of Ambarella by 18.4% in the 4th quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company's stock worth $43,497,000 after purchasing an additional 95,218 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Ambarella by 49.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company's stock valued at $81,644,000 after purchasing an additional 524,937 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new stake in Ambarella during the 4th quarter valued at about $1,345,000. Bank of America Corp DE increased its stake in Ambarella by 7.8% during the 1st quarter. Bank of America Corp DE now owns 481,758 shares of the semiconductor company's stock valued at $24,798,000 after purchasing an additional 34,843 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in Ambarella in the fourth quarter worth about $1,903,000. 82.09% of the stock is currently owned by institutional investors.

About Ambarella

Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.

The company's product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.

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