Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 3,062 shares of the business’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $44.00, for a total transaction of $134,728.00. Following the completion of the sale, the vice president now owns 17,679 shares in the company, valued at $777,876. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Christopher Day also recently made the following trade(s):
- On Tuesday, June 19th, Christopher Day sold 3,300 shares of Ambarella stock. The stock was sold at an average price of $43.77, for a total transaction of $144,441.00.
AMBA stock opened at $38.79 on Friday. Ambarella Inc has a fifty-two week low of $38.17 and a fifty-two week high of $66.23. The company has a market cap of $1.34 billion, a P/E ratio of 70.53 and a beta of 1.24.
Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, June 5th. The semiconductor company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. Ambarella had a net margin of 2.18% and a return on equity of 1.42%. The firm had revenue of $56.90 million for the quarter, compared to analyst estimates of $56.13 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. analysts predict that Ambarella Inc will post -0.43 EPS for the current fiscal year.
A number of analysts have issued reports on the stock. Roth Capital cut their price target on shares of Ambarella from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 6th. BidaskClub upgraded shares of Ambarella from a “strong sell” rating to a “sell” rating in a research note on Friday, April 13th. Morgan Stanley cut their price target on shares of Ambarella from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 6th. Oppenheimer reiterated a “market perform” rating on shares of Ambarella in a research note on Wednesday, June 6th. Finally, ValuEngine lowered shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Ambarella currently has a consensus rating of “Hold” and a consensus target price of $56.95.
Several hedge funds have recently added to or reduced their stakes in AMBA. BlackRock Inc. boosted its holdings in Ambarella by 0.9% in the fourth quarter. BlackRock Inc. now owns 1,516,046 shares of the semiconductor company’s stock valued at $89,066,000 after purchasing an additional 13,870 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Ambarella by 35.7% in the first quarter. Van Berkom & Associates Inc. now owns 1,382,108 shares of the semiconductor company’s stock valued at $67,709,000 after purchasing an additional 363,632 shares in the last quarter. AXA boosted its holdings in Ambarella by 27.6% in the fourth quarter. AXA now owns 1,064,316 shares of the semiconductor company’s stock valued at $62,528,000 after purchasing an additional 230,238 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in Ambarella by 9.5% in the first quarter. State of Tennessee Treasury Department now owns 630,000 shares of the semiconductor company’s stock valued at $30,864,000 after purchasing an additional 54,700 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Ambarella in the fourth quarter valued at approximately $27,128,000. Hedge funds and other institutional investors own 68.86% of the company’s stock.
Ambarella Company Profile
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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