John Alexander Young Sells 1,896 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Young sold 1,896 shares of Ambarella stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $67.28, for a total transaction of $127,562.88. Following the completion of the transaction, the chief financial officer directly owned 107,806 shares in the company, valued at approximately $7,253,187.68. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Alexander Young also recently made the following trade(s):

• On Thursday, September 17th, John Young sold 3,126 shares of Ambarella stock. The shares were sold at an average price of $64.83, for a total transaction of $202,658.58.

Ambarella Price Performance

Ambarella stock traded up $2.70 during midday trading on Monday, reaching $68.85. The stock had a trading volume of 1,208,965 shares, compared to its average volume of 1,338,572. Ambarella, Inc. has a twelve month low of $48.30 and a twelve month high of $96.69. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -53.37 and a beta of 2.09. The firm’s fifty day simple moving average is $71.84 and its two-hundred day simple moving average is $68.13.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. As a group, sell-side analysts predict that Ambarella, Inc. will post -1.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AMBA. Bank of America decreased their price objective on Ambarella from $96.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Stifel Nicolaus reduced their price target on shares of Ambarella from $106.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Oppenheimer restated a “market perform” rating on shares of Ambarella in a report on Friday, September 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $120.00 price objective on shares of Ambarella in a research report on Wednesday, September 16th. Finally, Northland Securities set a $101.00 target price on shares of Ambarella in a research report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $89.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jericho Capital Asset Management L.P. raised its stake in shares of Ambarella by 30.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock worth $112,429,000 after purchasing an additional 373,734 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Ambarella by 49.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after buying an additional 524,937 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ambarella by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock valued at $72,305,000 after buying an additional 35,510 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ambarella by 28.1% in the first quarter. Dimensional Fund Advisors LP now owns 638,587 shares of the semiconductor company’s stock worth $32,866,000 after buying an additional 139,928 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Ambarella by 18.4% in the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock worth $43,497,000 after buying an additional 95,218 shares during the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

About Ambarella

Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.

The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.