Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,267 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $45.92, for a total value of $58,180.64. Following the transaction, the vice president now owns 8,632 shares of the company's stock, valued at $396,381.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:AMBA traded up $1.36 during trading on Tuesday, hitting $45.80. 405,570 shares of the company were exchanged, compared to its average volume of 590,497. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -34.72 and a beta of 1.24. Ambarella Inc has a fifty-two week low of $36.02 and a fifty-two week high of $73.59. The firm has a fifty day moving average price of $52.98 and a two-hundred day moving average price of $55.04. The company has a current ratio of 8.91, a quick ratio of 8.48 and a debt-to-equity ratio of 0.02.
Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, June 2nd. The semiconductor company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $54.60 million for the quarter, compared to analyst estimates of $54.32 million. Ambarella had a negative return on equity of 9.00% and a negative net margin of 18.18%. The firm's revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. As a group, research analysts predict that Ambarella Inc will post -1.52 EPS for the current year.
Several hedge funds have recently made changes to their positions in AMBA. Nuveen Asset Management LLC increased its holdings in Ambarella by 3.2% in the 4th quarter. Nuveen Asset Management LLC now owns 129,252 shares of the semiconductor company's stock worth $7,827,000 after purchasing an additional 3,971 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Ambarella during the first quarter worth approximately $257,000. BNP Paribas Arbitrage SA grew its stake in Ambarella by 33.9% during the first quarter. BNP Paribas Arbitrage SA now owns 30,981 shares of the semiconductor company's stock worth $1,504,000 after purchasing an additional 7,852 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ambarella by 90.6% in the first quarter. JPMorgan Chase & Co. now owns 121,651 shares of the semiconductor company's stock worth $5,907,000 after acquiring an additional 57,814 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Ambarella by 9.5% in the fourth quarter. Amalgamated Bank now owns 5,347 shares of the semiconductor company's stock worth $324,000 after acquiring an additional 466 shares in the last quarter. Institutional investors and hedge funds own 75.11% of the company's stock.
AMBA has been the subject of a number of research reports. TheStreet lowered Ambarella from a "c-" rating to a "d+" rating in a research note on Friday, March 20th. Bank of America raised their target price on Ambarella from $44.00 to $50.00 and gave the stock an "underperform" rating in a report on Wednesday, June 3rd. Imperial Capital began coverage on Ambarella in a report on Tuesday, June 23rd. They set an "outperform" rating and a $58.00 target price on the stock. Roth Capital reduced their target price on Ambarella from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Robert W. Baird began coverage on Ambarella in a report on Thursday, May 28th. They set a "neutral" rating and a $60.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock. Ambarella has an average rating of "Hold" and an average price target of $59.77.
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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