Ambarella Inc (NASDAQ:AMBA) CEO Feng-Ming Wang sold 7,971 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $56.19, for a total transaction of $447,890.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ambarella Inc (NASDAQ:AMBA) opened at 57.64 on Tuesday. Ambarella Inc has a one year low of $35.26 and a one year high of $74.95. The company has a 50-day moving average of $54.71 and a 200 day moving average of $59.16. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 34.31 and a beta of 1.51.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.18. The company had revenue of $87.50 million for the quarter, compared to analyst estimates of $85.92 million. Ambarella had a net margin of 15.32% and a return on equity of 13.28%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that Ambarella Inc will post $2.19 earnings per share for the current fiscal year.
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Several research firms recently issued reports on AMBA. Vetr cut shares of Ambarella from a “strong-buy” rating to a “buy” rating and set a $64.14 target price for the company. in a research note on Monday. Summit Redstone cut shares of Ambarella from a “buy” rating to a “hold” rating and decreased their target price for the company from $76.00 to $50.00 in a research note on Friday, March 3rd. Stifel Nicolaus decreased their target price on shares of Ambarella from $86.00 to $84.00 and set a “buy” rating for the company in a research note on Sunday, December 4th. Pacific Crest reiterated a “buy” rating and issued a $70.00 target price (down from $75.00) on shares of Ambarella in a research note on Tuesday, November 29th. Finally, Dougherty & Co upgraded shares of Ambarella from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ambarella currently has an average rating of “Buy” and an average price target of $69.01.
Several institutional investors have recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Ambarella during the third quarter worth about $5,465,000. Wells Fargo & Company MN raised its position in shares of Ambarella by 19.5% in the third quarter. Wells Fargo & Company MN now owns 51,347 shares of the company’s stock worth $3,779,000 after buying an additional 8,366 shares during the period. Svenska Handelsbanken AB publ acquired a new position in shares of Ambarella during the third quarter worth about $486,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Ambarella during the third quarter worth about $22,494,000. Finally, Capital One National Association raised its position in shares of Ambarella by 0.5% in the third quarter. Capital One National Association now owns 113,359 shares of the company’s stock worth $8,345,000 after buying an additional 536 shares during the period. Institutional investors and hedge funds own 58.50% of the company’s stock.
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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