Yun-Lung Chen Sells 4,435 Shares of Ambarella Inc (AMBA) Stock

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.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. The firm had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The company’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. analysts expect that Ambarella Inc will post 0.7 earnings per share for the current year.

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.

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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