Ambarella Inc (NASDAQ:AMBA) VP Yun-Lung Chen sold 4,435 shares of Ambarella stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $59.80, for a total value of $265,213.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Yun-Lung Chen also recently made the following trade(s):
- On Monday, December 11th, Yun-Lung Chen sold 11,340 shares of Ambarella stock. The shares were sold at an average price of $59.80, for a total value of $678,132.00.
Ambarella Inc (AMBA) opened at $63.30 on Friday. The company has a market capitalization of $2,110.00, a P/E ratio of 60.87, a PEG ratio of 6.24 and a beta of 1.59. Ambarella Inc has a 1-year low of $40.06 and a 1-year high of $66.23.
Institutional investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Ambarella by 5.9% in the 2nd quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after purchasing an additional 33,237 shares during the period. ETF Managers Group LLC purchased a new position in Ambarella during the 2nd quarter valued at $557,000. Alpine Woods Capital Investors LLC boosted its holdings in Ambarella by 21.8% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 29,100 shares of the semiconductor company’s stock valued at $1,426,000 after acquiring an additional 5,200 shares during the period. Northern Trust Corp boosted its holdings in Ambarella by 4.5% during the 2nd quarter. Northern Trust Corp now owns 344,807 shares of the semiconductor company’s stock valued at $16,741,000 after acquiring an additional 14,710 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Ambarella by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock valued at $104,169,000 after acquiring an additional 60,770 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.
Several equities analysts have weighed in on AMBA shares. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a report on Friday, December 1st. Canaccord Genuity restated a “buy” rating and set a $65.00 price target (up previously from $58.00) on shares of Ambarella in a report on Friday, October 13th. KeyCorp restated a “hold” rating on shares of Ambarella in a report on Friday, November 3rd. Finally, Morgan Stanley raised their price target on Ambarella from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $60.14.
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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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