Ambarella (NASDAQ:AMBA) Stock Price Down 4.3% – Time to Sell?

Ambarella, Inc. (NASDAQ:AMBA) shares dropped 4.3% during mid-day trading on Monday . The stock traded as low as $82.47 and last traded at $82.3170. Approximately 1,292,438 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 1,286,148 shares. The stock had previously closed at $86.00.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Bank of America raised their price target on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Rosenblatt Securities upped their price objective on shares of Ambarella from $115.00 to $120.00 in a report on Tuesday, June 30th. Summit Insights downgraded Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Finally, Consumer Edge reiterated a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and an average target price of $101.12.

Ambarella Trading Down 3.1%

The stock has a market capitalization of $3.66 billion, a P/E ratio of -51.71 and a beta of 2.12. The business has a fifty day simple moving average of $72.56 and a 200 day simple moving average of $66.45.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $100.36 million for the quarter, compared to analysts’ expectations of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.Ambarella’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, research analysts forecast that Ambarella, Inc. will post -1.13 earnings per share for the current year.

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 32,500 shares of Ambarella stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $91.01, for a total transaction of $2,957,825.00. Following the transaction, the chief executive officer owned 806,061 shares of the company’s stock, valued at $73,359,611.61. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chan W. Lee sold 2,951 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total value of $200,284.37. Following the completion of the transaction, the insider directly owned 157,098 shares in the company, valued at approximately $10,662,241.26. This represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 91,419 shares of company stock valued at $7,591,700 in the last quarter. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ambarella

Several institutional investors have recently bought and sold shares of AMBA. Main Management ETF Advisors LLC grew its holdings in Ambarella by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the semiconductor company’s stock valued at $1,220,000 after purchasing an additional 176 shares during the period. National Bank of Canada FI increased its holdings in Ambarella by 18.9% in the 3rd quarter. National Bank of Canada FI now owns 1,146 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 182 shares during the last quarter. Natixis Advisors LLC increased its holdings in Ambarella by 1.5% in the 3rd quarter. Natixis Advisors LLC now owns 13,721 shares of the semiconductor company’s stock worth $1,132,000 after acquiring an additional 204 shares during the last quarter. Mariner LLC raised its stake in Ambarella by 2.6% in the 3rd quarter. Mariner LLC now owns 8,574 shares of the semiconductor company’s stock valued at $707,000 after acquiring an additional 219 shares during the period. Finally, Essential Partners LLC raised its stake in Ambarella by 90.1% in the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.