Chi-Hong Ju Sells 3,765 Shares of Ambarella (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 3,765 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $70.32, for a total transaction of $264,754.80. Following the completion of the transaction, the vice president owned 153,767 shares in the company, valued at approximately $10,812,895.44. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, December 17th, Chi-Hong Ju sold 1,342 shares of Ambarella stock. The stock was sold at an average price of $71.82, for a total transaction of $96,382.44.
• On Tuesday, October 14th, Chi-Hong Ju sold 6,156 shares of Ambarella stock. The shares were sold at an average price of $80.96, for a total transaction of $498,389.76.
• On Monday, October 13th, Chi-Hong Ju sold 5,057 shares of Ambarella stock. The shares were sold at an average price of $81.29, for a total transaction of $411,083.53.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $70.84 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of -37.68 and a beta of 1.95. Ambarella, Inc. has a 1 year low of $38.86 and a 1 year high of $96.69. The firm’s 50 day moving average price is $79.62 and its 200 day moving average price is $75.20.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Ambarella had a negative return on equity of 13.02% and a negative net margin of 21.31%.The company had revenue of $108.45 million for the quarter, compared to analyst estimates of $104.11 million. During the same quarter in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. As a group, equities analysts predict that Ambarella, Inc. will post -2.81 EPS for the current year.

Institutional Investors Weigh In On Ambarella

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Ambarella during the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its holdings in Ambarella by 362.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 326 shares during the period. Total Investment Management Inc. acquired a new stake in Ambarella in the second quarter valued at approximately $30,000. CoreCap Advisors LLC acquired a new stake in Ambarella in the third quarter valued at approximately $43,000. Finally, Rothschild Investment LLC raised its stake in shares of Ambarella by 78.1% during the third quarter. Rothschild Investment LLC now owns 641 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 281 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMBA. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective on shares of Ambarella in a research note on Wednesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Wednesday, November 26th. Summit Insights raised shares of Ambarella from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (up previously from $90.00) on shares of Ambarella in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

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.