Ambarella Inc (NASDAQ:AMBA) VP Yun-Lung Chen sold 11,340 shares of Ambarella stock in a transaction on Monday, December 11th. The shares were sold at an average price of $59.80, for a total value of $678,132.00. Following the completion of the transaction, the vice president now owns 11,386 shares in the company, valued at approximately $680,882.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Ambarella Inc (NASDAQ:AMBA) traded down $0.96 on Wednesday, reaching $57.85. The company’s stock had a trading volume of 500,400 shares, compared to its average volume of 1,040,065. The firm has a market cap of $1,920.00, a P/E ratio of 56.01, a PEG ratio of 5.70 and a beta of 1.57. Ambarella Inc has a 52-week low of $40.06 and a 52-week high of $65.39.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $89.06 million for the quarter, compared to the consensus estimate of $89.41 million. Ambarella had a return on equity of 7.92% and a net margin of 11.51%. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. equities analysts predict that Ambarella Inc will post 0.7 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $52.00 price objective (down previously from $64.00) on shares of Ambarella in a report on Friday, August 25th. Morgan Stanley reissued an “overweight” rating and set a $65.00 price objective on shares of Ambarella in a report on Thursday, August 31st. Craig Hallum downgraded Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Friday, September 1st. Deutsche Bank reissued a “hold” rating and set a $49.00 price objective (down previously from $54.00) on shares of Ambarella in a report on Friday, September 1st. Finally, Roth Capital downgraded Ambarella from a “buy” rating to a “neutral” rating and cut their price objective for the company from $65.00 to $50.00 in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.15.

A number of institutional investors and hedge funds have recently made changes to their positions in AMBA. Victory Capital Management Inc. lifted its holdings in Ambarella by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock worth $109,000 after buying an additional 337 shares during the period. Turner Investments LLC acquired a new position in shares of Ambarella in the 3rd quarter valued at about $172,000. Amalgamated Bank lifted its stake in shares of Ambarella by 3.6% in the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 143 shares during the period. Aperio Group LLC acquired a new position in shares of Ambarella in the 3rd quarter valued at about $213,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of Ambarella in the 3rd quarter valued at about $216,000. 63.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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