Ambarella Inc (NASDAQ:AMBA) CFO George Laplante sold 4,202 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $57.69, for a total transaction of $242,413.38. Following the sale, the chief financial officer now directly owns 102,941 shares of the company’s stock, valued at approximately $5,938,666.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ambarella Inc (AMBA) traded up $0.25 during trading hours on Friday, reaching $54.92. The company’s stock had a trading volume of 932,800 shares, compared to its average volume of 1,320,000. Ambarella Inc has a 52 week low of $40.06 and a 52 week high of $66.23. The stock has a market cap of $1,830.00, a PE ratio of 52.81, a PEG ratio of 5.29 and a beta of 1.59.
Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $89.06 million for the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. analysts expect that Ambarella Inc will post 0.7 earnings per share for the current fiscal year.
A number of equities analysts have commented on the stock. BidaskClub cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus restated a “buy” rating and set a $62.00 price objective (up from $52.00) on shares of Ambarella in a research note on Wednesday, November 22nd. Vetr upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.51 price objective on the stock in a research note on Tuesday, December 5th. Oppenheimer upgraded shares of Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Wednesday, January 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price target on shares of Ambarella in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $60.14.
Several hedge funds and other institutional investors have recently made changes to their positions in AMBA. Victory Capital Management Inc. grew its stake in shares of Ambarella by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 337 shares in the last quarter. Turner Investments LLC bought a new stake in shares of Ambarella in the 3rd quarter valued at approximately $172,000. Amalgamated Bank grew its stake in shares of Ambarella by 3.6% in the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 143 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Ambarella in the 3rd quarter valued at approximately $213,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of Ambarella in the 3rd quarter valued at approximately $216,000. 63.01% of the stock is owned by institutional investors and hedge funds.
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Ambarella Company Profile
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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