Feng-Ming Wang Sells 6,204 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 6,204 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total value of $421,065.48. Following the transaction, the chief executive officer owned 799,857 shares in the company, valued at approximately $54,286,294.59. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Feng-Ming Wang also recently made the following trade(s):

• On Tuesday, May 26th, Feng-Ming Wang sold 32,500 shares of Ambarella stock. The stock was sold at an average price of $91.01, for a total value of $2,957,825.00.

Ambarella Price Performance

AMBA traded up $4.09 during trading on Thursday, hitting $69.97. The stock had a trading volume of 2,098,155 shares, compared to its average volume of 1,076,372. The company has a 50 day moving average price of $70.22 and a 200-day moving average price of $66.71. Ambarella, Inc. has a one year low of $48.30 and a one year high of $96.69. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of -43.46 and a beta of 2.15.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The firm had revenue of $100.36 million for the quarter, compared to analysts’ expectations of $100.12 million. During the same quarter last year, the business earned $0.07 EPS. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. As a group, sell-side analysts predict that Ambarella, Inc. will post -1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMBA shares. Stifel Nicolaus set a $106.00 price target on shares of Ambarella in a research report on Friday, May 29th. Bank of America increased their target price on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Susquehanna raised their target price on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Finally, Northland Securities set a $101.00 price target on Ambarella in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.50.

Institutional Investors Weigh In On Ambarella

Institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP raised its holdings in shares of Ambarella by 145.2% during the 4th quarter. GSA Capital Partners LLP now owns 24,800 shares of the semiconductor company’s stock worth $1,757,000 after buying an additional 14,685 shares in the last quarter. Legal & General Group Plc boosted its stake in Ambarella by 18.4% in the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock valued at $43,497,000 after buying an additional 95,218 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in Ambarella in the fourth quarter valued at about $1,345,000. Leonteq Securities AG acquired a new position in Ambarella during the fourth quarter worth about $1,903,000. Finally, Handelsbanken Fonder AB raised its stake in Ambarella by 84.0% during the fourth quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock worth $22,125,000 after acquiring an additional 142,551 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

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.