Ambarella Inc. (NASDAQ:AMBA) VP Christopher Day sold 6,138 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $68.02, for a total transaction of $417,506.76. Following the sale, the vice president now directly owns 25,997 shares in the company, valued at $1,768,315.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Christopher Day also recently made the following trade(s):
- On Wednesday, September 21st, Christopher Day sold 2,000 shares of Ambarella stock. The stock was sold at an average price of $67.00, for a total transaction of $134,000.00.
- On Friday, September 16th, Christopher Day sold 1,405 shares of Ambarella stock. The stock was sold at an average price of $67.98, for a total transaction of $95,511.90.
Shares of Ambarella Inc. (NASDAQ:AMBA) opened at 73.61 on Monday. The firm has a market capitalization of $2.41 billion, a PE ratio of 55.43 and a beta of 1.50. Ambarella Inc. has a 12 month low of $33.39 and a 12 month high of $74.56. The firm’s 50 day moving average is $67.80 and its 200-day moving average is $52.33.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, September 1st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.38 by $0.16. Ambarella had a net margin of 15.86% and a return on equity of 14.23%. The business had revenue of $65.10 million for the quarter, compared to analyst estimates of $64.02 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. On average, analysts expect that Ambarella Inc. will post $2.64 EPS for the current fiscal year.
A number of brokerages recently issued reports on AMBA. Roth Capital began coverage on shares of Ambarella in a report on Wednesday, September 28th. They set a “buy” rating and a $80.00 price target on the stock. Vetr raised shares of Ambarella from a “sell” rating to a “hold” rating and set a $65.38 price objective on the stock in a report on Monday, September 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $68.00 price objective on shares of Ambarella in a report on Friday, September 16th. Zacks Investment Research raised shares of Ambarella from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective on the stock in a report on Thursday, September 8th. Finally, FBN Securities reaffirmed an “outperform” rating and set a $80.00 price objective (up from $60.00) on shares of Ambarella in a report on Tuesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Ambarella presently has a consensus rating of “Buy” and an average target price of $69.31.
Several large investors have recently added to or reduced their stakes in AMBA. Norges Bank acquired a new stake in Ambarella during the fourth quarter valued at approximately $8,585,000. IFP Advisors Inc raised its position in Ambarella by 28.5% in the first quarter. IFP Advisors Inc now owns 7,195 shares of the company’s stock worth $322,000 after buying an additional 1,596 shares during the period. Credit Agricole S A raised its position in Ambarella by 42.9% in the first quarter. Credit Agricole S A now owns 17,000 shares of the company’s stock worth $760,000 after buying an additional 5,100 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in Ambarella by 80.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 14,250 shares of the company’s stock worth $637,000 after buying an additional 6,350 shares during the period. Finally, Geode Capital Management LLC raised its position in Ambarella by 10.5% in the first quarter. Geode Capital Management LLC now owns 46,225 shares of the company’s stock worth $2,066,000 after buying an additional 4,408 shares during the period. Institutional investors and hedge funds own 51.33% of the company’s stock.
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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