Insider Selling: Ambarella (NASDAQ:AMBA) VP Sells 7,728 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 7,728 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $75.58, for a total value of $584,082.24. Following the sale, the vice president owned 146,039 shares in the company, valued at approximately $11,037,627.62. This trade represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Chi-Hong Ju also recently made the following trade(s):

• On Tuesday, December 30th, Chi-Hong Ju sold 3,765 shares of Ambarella stock. The shares were sold at an average price of $70.32, for a total value of $264,754.80.
• On Wednesday, December 17th, Chi-Hong Ju sold 1,342 shares of Ambarella stock. The stock was sold at an average price of $71.82, for a total transaction of $96,382.44.
• On Tuesday, October 14th, Chi-Hong Ju sold 6,156 shares of Ambarella stock. The stock was sold at an average price of $80.96, for a total transaction of $498,389.76.
• On Monday, October 13th, Chi-Hong Ju sold 5,057 shares of Ambarella stock. The shares were sold at an average price of $81.29, for a total transaction of $411,083.53.

Ambarella Stock Performance

NASDAQ AMBA traded down $10.10 during trading on Wednesday, hitting $70.54. The stock had a trading volume of 2,370,142 shares, compared to its average volume of 1,450,594. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -37.52 and a beta of 1.95. Ambarella, Inc. has a one year low of $38.86 and a one year high of $96.69. The stock has a 50 day simple moving average of $79.11 and a 200 day simple moving average of $76.06.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The firm had revenue of $108.45 million for the quarter, compared to analysts’ expectations of $104.11 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 31.2% on a year-over-year basis. On average, sell-side analysts predict that Ambarella, Inc. will post -2.81 EPS for the current year.

Hedge Funds Weigh In On Ambarella

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG raised its stake in Ambarella by 379.3% in the third quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock worth $67,811,000 after buying an additional 650,306 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Ambarella by 88.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,272 shares of the semiconductor company’s stock worth $62,020,000 after acquiring an additional 579,917 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Ambarella in the 2nd quarter worth $36,810,000. Barclays PLC lifted its stake in shares of Ambarella by 121.7% during the 3rd quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock worth $63,962,000 after purchasing an additional 425,546 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Ambarella by 894.7% during the second quarter. Balyasny Asset Management L.P. now owns 459,562 shares of the semiconductor company’s stock valued at $30,361,000 after purchasing an additional 413,362 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMBA. Summit Insights upgraded Ambarella from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Roth Capital reaffirmed a “neutral” rating on shares of Ambarella in a research note on Wednesday, November 26th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Ambarella in a report on Wednesday, November 26th. Bank of America upped their target price on shares of Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen lowered shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average target price of $96.00.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.