Ambarella Inc (NASDAQ:AMBA) CEO Feng-Ming Wang sold 6,024 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $53.07, for a total value of $319,693.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ambarella Inc (AMBA) opened at $51.32 on Friday. Ambarella Inc has a 12-month low of $40.06 and a 12-month high of $66.23. The stock has a market capitalization of $1,806.88, a price-to-earnings ratio of 98.64, a PEG ratio of 16.35 and a beta of 1.53.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, March 1st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Ambarella had a return on equity of 4.08% and a net margin of 6.38%. The business had revenue of $70.60 million for the quarter, compared to analyst estimates of $70.26 million. During the same period last year, the company earned $0.92 EPS. The firm’s revenue was down 19.3% on a year-over-year basis. equities analysts forecast that Ambarella Inc will post 0.22 EPS for the current year.
A number of research analysts have commented on AMBA shares. Oppenheimer upgraded Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, January 3rd. BidaskClub lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Morgan Stanley increased their price objective on Ambarella from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, UBS upgraded Ambarella from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Ambarella presently has an average rating of “Hold” and a consensus target price of $60.83.
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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