Ambarella (AMBA) Shares Down 3.1%

Ambarella (NASDAQ:AMBA) shares traded down 3.1% on Friday . The stock traded as low as $49.01 and last traded at $51.21. 973,626 shares traded hands during trading, a decline of 8% from the average session volume of 1,053,381 shares. The stock had previously closed at $49.68.

Several research analysts have weighed in on the company. ValuEngine lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Cowen assumed coverage on Ambarella in a research report on Thursday. They set an “outperform” rating and a $65.00 price target on the stock. Finally, BidaskClub raised Ambarella from a “strong sell” rating to a “sell” rating in a research report on Friday, April 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $61.25.

The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 92.29, a P/E/G ratio of 16.39 and a beta of 1.27.



Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, March 1st. The semiconductor company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $70.60 million for the quarter, compared to analyst estimates of $70.26 million. Ambarella had a return on equity of 4.04% and a net margin of 6.38%. The firm’s revenue was down 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. sell-side analysts expect that Ambarella will post 0.22 EPS for the current fiscal year.

In related news, CEO Feng-Ming Wang sold 6,024 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $53.07, for a total transaction of $319,693.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $54.87, for a total value of $54,870.00. Following the transaction, the director now directly owns 15,302 shares in the company, valued at $839,620.74. The disclosure for this sale can be found here. Insiders have sold a total of 13,882 shares of company stock worth $738,518 over the last three months. 5.80% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Ambarella by 0.9% in the 4th quarter. BlackRock Inc. now owns 1,516,046 shares of the semiconductor company’s stock valued at $89,066,000 after buying an additional 13,870 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in Ambarella by 35.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,382,108 shares of the semiconductor company’s stock valued at $67,709,000 after buying an additional 363,632 shares in the last quarter. AXA grew its holdings in Ambarella by 27.6% in the 4th quarter. AXA now owns 1,064,316 shares of the semiconductor company’s stock valued at $62,528,000 after buying an additional 230,238 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Ambarella by 9.5% in the 1st quarter. State of Tennessee Treasury Department now owns 630,000 shares of the semiconductor company’s stock valued at $30,864,000 after buying an additional 54,700 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Ambarella in the 4th quarter valued at $27,128,000. 68.71% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, 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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