Ambarella (NASDAQ:AMBA) Director Christopher Paisley Sells 250 Shares

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher Paisley sold 250 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $62.01, for a total transaction of $15,502.50. Following the transaction, the director owned 41,029 shares of the company’s stock, valued at $2,544,208.29. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ambarella Stock Up 28.0%

NASDAQ AMBA opened at $85.80 on Wednesday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -53.29 and a beta of 2.15. Ambarella, Inc. has a twelve month low of $48.30 and a twelve month high of $96.69. The business’s fifty day moving average is $72.71 and its 200 day moving average is $66.38.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $100.36 million during 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%.The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, research analysts anticipate that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMBA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Ambarella in a report on Friday. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price target on shares of Ambarella in a research note on Tuesday, May 26th. Northland Securities set a $101.00 price target on shares of Ambarella in a report on Wednesday, June 17th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Finally, Susquehanna increased their price objective on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ambarella presently has a consensus rating of “Moderate Buy” and an average target price of $100.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Ambarella by 2,312.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock valued at $61,250,000 after purchasing an additional 828,773 shares during the last quarter. UBS Group AG raised its stake in Ambarella by 379.3% during the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after buying an additional 650,306 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Ambarella in the second quarter valued at $36,810,000. The Manufacturers Life Insurance Company lifted its holdings in Ambarella by 49.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after buying an additional 524,937 shares during the period. Finally, Barclays PLC lifted its holdings in Ambarella by 121.7% in the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock valued at $63,962,000 after buying an additional 425,546 shares during the period. Institutional investors own 82.09% of the company’s stock.

About Ambarella

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.