Ambarella Inc. (NASDAQ:AMBA) insider Leslie Kohn sold 5,489 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $67.98, for a total value of $373,142.22. Following the completion of the transaction, the insider now directly owns 896,726 shares in the company, valued at approximately $60,959,433.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Ambarella Inc. (NASDAQ:AMBA) opened at 68.15 on Friday. Ambarella Inc. has a 1-year low of $33.39 and a 1-year high of $72.99. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 51.32 and a beta of 1.49. The stock has a 50 day moving average price of $66.18 and a 200 day moving average price of $51.05.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.16. The business earned $65.10 million during the quarter, compared to analysts’ expectations of $64.02 million. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The company’s revenue for the quarter was down 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, equities analysts anticipate that Ambarella Inc. will post $2.64 EPS for the current fiscal year.
A number of research firms have weighed in on AMBA. Canaccord Genuity increased their target price on Ambarella from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Morgan Stanley reissued a “buy” rating and issued a $78.00 target price on shares of Ambarella in a report on Friday, September 2nd. Pacific Crest reissued a “buy” rating on shares of Ambarella in a report on Friday, September 2nd. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research report on Friday, September 2nd. Finally, KeyCorp upped their price target on Ambarella from $53.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 30th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Ambarella has a consensus rating of “Buy” and an average price target of $68.26.
Several institutional investors have recently modified their holdings of AMBA. First Interstate Bank boosted its position in shares of Ambarella by 4.2% in the second quarter. First Interstate Bank now owns 2,167 shares of the company’s stock valued at $110,000 after buying an additional 88 shares during the period. US Bancorp DE boosted its position in shares of Ambarella by 10.3% in the second quarter. US Bancorp DE now owns 2,106 shares of the company’s stock valued at $107,000 after buying an additional 197 shares during the period. Penserra Capital Management LLC boosted its position in shares of Ambarella by 17.9% in the second quarter. Penserra Capital Management LLC now owns 2,084 shares of the company’s stock valued at $106,000 after buying an additional 316 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Ambarella by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,441 shares of the company’s stock valued at $226,000 after buying an additional 538 shares during the period. Finally, Redmond Asset Management LLC boosted its position in shares of Ambarella by 2.0% in the second quarter. Redmond Asset Management LLC now owns 28,934 shares of the company’s stock valued at $1,470,000 after buying an additional 572 shares during the period. 51.33% of the stock is owned by institutional investors and hedge funds.
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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