Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 2,618 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $49.15, for a total value of $128,674.70. Following the completion of the transaction, the vice president now owns 20,377 shares in the company, valued at $1,001,529.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Christopher Day also recently made the following trade(s):

  • On Monday, September 18th, Christopher Day sold 1,529 shares of Ambarella stock. The shares were sold at an average price of $46.50, for a total value of $71,098.50.

Shares of Ambarella, Inc. (NASDAQ:AMBA) opened at 48.70 on Tuesday. Ambarella, Inc. has a 1-year low of $40.06 and a 1-year high of $74.54. The firm has a 50-day moving average of $48.32 and a 200 day moving average of $52.58. The company has a market capitalization of $1.62 billion, a P/E ratio of 31.81 and a beta of 1.58.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $71.63 million for the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. On average, analysts anticipate that Ambarella, Inc. will post $1.89 EPS for the current year.

Ambarella declared that its board has approved a stock buyback program on Tuesday, June 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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Several research firms recently weighed in on AMBA. Craig Hallum cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Friday, September 1st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Ambarella in a research report on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and set a $72.00 target price on shares of Ambarella in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $60.00 price target on shares of Ambarella in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $58.23.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMBA. AXA increased its stake in Ambarella by 100.6% during the second quarter. AXA now owns 708,106 shares of the semiconductor company’s stock worth $34,379,000 after acquiring an additional 355,170 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in Ambarella during the second quarter valued at approximately $16,083,000. Eagle Asset Management Inc. raised its position in Ambarella by 36.2% during the second quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock valued at $55,949,000 after purchasing an additional 306,248 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Ambarella by 2,572.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 294,000 shares of the semiconductor company’s stock valued at $16,085,000 after purchasing an additional 283,000 shares during the period. Finally, Van Berkom & Associates Inc. raised its position in Ambarella by 22.7% during the second quarter. Van Berkom & Associates Inc. now owns 1,235,483 shares of the semiconductor company’s stock valued at $59,983,000 after purchasing an additional 228,740 shares during the period. Institutional investors own 57.06% of the company’s stock.

About Ambarella

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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