Ambarella Inc. (NASDAQ:AMBA) VP Christopher Day sold 4,272 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $69.32, for a total value of $296,135.04. Following the transaction, the vice president now owns 23,922 shares of the company’s stock, valued at approximately $1,658,273.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Christopher Day also recently made the following trade(s):
- On Wednesday, September 28th, Christopher Day sold 6,138 shares of Ambarella stock. The shares were sold at an average price of $68.02, for a total value of $417,506.76.
- On Wednesday, September 21st, Christopher Day sold 2,000 shares of Ambarella stock. The shares were sold at an average price of $67.00, for a total value of $134,000.00.
- On Friday, September 16th, Christopher Day sold 1,405 shares of Ambarella stock. The shares were sold at an average price of $67.98, for a total value of $95,511.90.
Ambarella Inc. (NASDAQ:AMBA) opened at 73.91 on Tuesday. Ambarella Inc. has a 12 month low of $33.39 and a 12 month high of $74.95. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 55.66 and a beta of 1.50. The stock’s 50 day moving average is $68.08 and its 200-day moving average is $52.79.
Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, September 1st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 15.86% and a return on equity of 14.23%. The company’s quarterly revenue was down 22.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, equities research analysts expect that Ambarella Inc. will post $2.64 earnings per share for the current year.
A number of research analysts have recently weighed in on AMBA shares. Zacks Investment Research upgraded Ambarella from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, July 12th. Vetr downgraded shares of Ambarella from a “strong-buy” rating to a “buy” rating and set a $54.74 price target for the company. in a report on Wednesday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $86.00 price target on shares of Ambarella in a report on Thursday, August 25th. Canaccord Genuity increased their price target on shares of Ambarella from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Ambarella in a report on Friday, September 2nd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ambarella has an average rating of “Buy” and a consensus target price of $69.31.
Several hedge funds have recently added to or reduced their stakes in AMBA. Smithfield Trust Co. boosted its stake in Ambarella by 100.0% in the second quarter. Smithfield Trust Co. now owns 2,000 shares of the company’s stock worth $102,000 after buying an additional 1,000 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Ambarella by 17.9% in the second quarter. Penserra Capital Management LLC now owns 2,084 shares of the company’s stock worth $106,000 after buying an additional 316 shares in the last quarter. US Bancorp DE boosted its stake in Ambarella by 10.3% in the second quarter. US Bancorp DE now owns 2,106 shares of the company’s stock worth $107,000 after buying an additional 197 shares in the last quarter. First Interstate Bank boosted its stake in Ambarella by 4.2% in the second quarter. First Interstate Bank now owns 2,167 shares of the company’s stock worth $110,000 after buying an additional 88 shares in the last quarter. Finally, FTB Advisors Inc. bought a new stake in Ambarella during the second quarter worth approximately $112,000. 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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