Chi-Hong Ju Sells 10,000 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 10,000 shares of Ambarella stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $88.84, for a total transaction of $888,400.00. Following the completion of the sale, the vice president directly owned 155,924 shares of the company’s stock, valued at approximately $13,852,288.16. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, June 17th, Chi-Hong Ju sold 2,017 shares of Ambarella stock. The shares were sold at an average price of $67.87, for a total transaction of $136,893.79.

Ambarella Price Performance

NASDAQ AMBA opened at $78.36 on Friday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -48.67 and a beta of 2.11. Ambarella, Inc. has a 1-year low of $48.30 and a 1-year high of $96.69. The business’s fifty day moving average price is $74.00 and its 200-day moving average price is $66.55.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.Ambarella’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Equities research analysts anticipate that Ambarella, Inc. will post -1.13 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on AMBA. Susquehanna boosted their price target on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a report on Friday, May 22nd. Rosenblatt Securities restated a “buy” rating and set a $115.00 target price on shares of Ambarella in a research report on Tuesday, May 26th. Summit Insights cut shares of Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, Bank of America upped their target price on shares of Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.50.

Institutional Trading of Ambarella

Several hedge funds have recently bought and sold shares of the stock. Essential Partners LLC increased its position in Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after buying an additional 228 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 326 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Ambarella during the 1st quarter valued at about $30,000. Advisory Services Network LLC bought a new position in shares of Ambarella during the 3rd quarter valued at approximately $33,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Ambarella by 162.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 325 shares during the period. Institutional investors own 82.09% of the company’s stock.

About Ambarella

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.