Ambarella Inc (NASDAQ:AMBA) Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the transaction, the director now owns 17,765 shares in the company, valued at approximately $710,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NASDAQ:AMBA traded down $1.55 during midday trading on Friday, hitting $39.09. 67,395 shares of the company’s stock traded hands, compared to its average volume of 1,214,487. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 71.79 and a beta of 1.20. Ambarella Inc has a twelve month low of $34.33 and a twelve month high of $66.23.
Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.12. Ambarella had a negative net margin of 1.40% and a negative return on equity of 0.69%. The business had revenue of $62.47 million for the quarter, compared to analyst estimates of $62.27 million. equities research analysts forecast that Ambarella Inc will post -0.84 EPS for the current year.
A number of hedge funds have recently modified their holdings of the business. ETF Managers Group LLC lifted its holdings in Ambarella by 4.0% in the 1st quarter. ETF Managers Group LLC now owns 30,914 shares of the semiconductor company’s stock worth $1,451,000 after buying an additional 1,191 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Ambarella by 1.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 96,598 shares of the semiconductor company’s stock worth $4,732,000 after buying an additional 1,257 shares in the last quarter. Swiss National Bank lifted its holdings in Ambarella by 2.3% in the 1st quarter. Swiss National Bank now owns 58,433 shares of the semiconductor company’s stock worth $2,863,000 after buying an additional 1,300 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Ambarella by 3.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 57,500 shares of the semiconductor company’s stock worth $2,817,000 after buying an additional 1,900 shares in the last quarter. Finally, Sandy Spring Bank acquired a new position in Ambarella in the 1st quarter worth $110,000. Hedge funds and other institutional investors own 71.39% of the company’s stock.
Several equities analysts recently weighed in on AMBA shares. Zacks Investment Research lowered shares of Ambarella from a “hold” rating to a “sell” rating in a report on Monday, June 11th. Bank of America lowered shares of Ambarella from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a report on Friday, August 31st. Dougherty & Co reduced their target price on shares of Ambarella from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Cowen started coverage on shares of Ambarella in a report on Thursday, May 17th. They set an “outperform” rating and a $65.00 target price on the stock. Finally, BidaskClub lowered shares of Ambarella from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Ambarella presently has a consensus rating of “Hold” and a consensus target price of $52.15.
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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