Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 11,629 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $540,748.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Ambarella, Inc. (AMBA) opened at 45.83 on Friday. Ambarella, Inc. has a 1-year low of $40.06 and a 1-year high of $74.95. The firm’s 50-day moving average is $49.30 and its 200-day moving average is $53.07. The firm has a market cap of $1.52 billion, a P/E ratio of 29.93 and a beta of 1.60.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $70.79 million. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, analysts anticipate that Ambarella, Inc. will post $1.89 EPS for the current fiscal year.
Ambarella declared that its board has authorized a stock repurchase program on Tuesday, June 6th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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AMBA has been the topic of several research analyst reports. ValuEngine upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Dougherty & Co lowered their price objective on shares of Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. TheStreet downgraded shares of Ambarella from a “b” rating to a “c+” rating in a research note on Tuesday, June 6th. Vetr downgraded shares of Ambarella from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.23.
A number of hedge funds have recently bought and sold shares of AMBA. Victory Capital Management Inc. grew its holdings in shares of Ambarella by 112.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,903 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 1,006 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Ambarella during the 1st quarter worth $151,000. FNY Partners Fund LP acquired a new stake in shares of Ambarella during the 1st quarter worth $164,000. Dubuque Bank & Trust Co. grew its holdings in shares of Ambarella by 4.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,793 shares of the semiconductor company’s stock worth $184,000 after purchasing an additional 147 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Ambarella by 3.6% during the 2nd quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 57.06% of the company’s stock.
Ambarella Company Profile
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.
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