Ambarella, Inc. (NASDAQ:AMBA) CFO George Laplante sold 4,836 shares of Ambarella stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $48.77, for a total value of $235,851.72. Following the transaction, the chief financial officer now directly owns 100,848 shares in the company, valued at $4,918,356.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Ambarella, Inc. (AMBA) traded up 0.51% during trading on Thursday, reaching $49.05. The company had a trading volume of 126,748 shares. The company has a 50 day moving average of $57.64 and a 200-day moving average of $55.02. Ambarella, Inc. has a 52-week low of $46.80 and a 52-week high of $74.95. The firm has a market capitalization of $1.65 billion, a P/E ratio of 28.99 and a beta of 1.59.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Tuesday, June 6th. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $63.54 million. Ambarella had a return on equity of 13.70% and a net margin of 18.47%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities analysts expect that Ambarella, Inc. will post $2.07 earnings per share for the current year.
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A number of research analysts recently issued reports on the company. Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating and set a $62.50 target price on the stock. in a report on Monday, May 1st. Summit Redstone lowered Ambarella from a “buy” rating to a “hold” rating and lowered their target price for the stock from $76.00 to $50.00 in a report on Friday, March 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 target price (down from $65.00) on shares of Ambarella in a report on Thursday, June 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a report on Friday, June 9th. Finally, Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. Ambarella currently has a consensus rating of “Buy” and a consensus target price of $67.88.
A number of large investors have recently added to or reduced their stakes in the stock. AXA bought a new stake in Ambarella during the first quarter worth approximately $19,309,000. Pinnacle Associates Ltd. increased its stake in Ambarella by 44.9% in the first quarter. Pinnacle Associates Ltd. now owns 679,192 shares of the semiconductor company’s stock worth $37,159,000 after buying an additional 210,558 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in Ambarella during the first quarter worth approximately $8,147,000. Norges Bank bought a new stake in Ambarella during the fourth quarter worth approximately $6,696,000. Finally, Vanguard Group Inc. increased its stake in Ambarella by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,084,839 shares of the semiconductor company’s stock worth $114,061,000 after buying an additional 104,382 shares in the last quarter. Institutional investors and hedge funds own 55.62% of the company’s stock.
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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