Ambarella (NASDAQ:AMBA) CEO Sells $3,040,000.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 50,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $60.80, for a total transaction of $3,040,000.00. Following the transaction, the chief executive officer directly owned 768,979 shares in the company, valued at $46,753,923.20. The trade was a 6.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Feng-Ming Wang also recently made the following trade(s):

• On Wednesday, December 17th, Feng-Ming Wang sold 4,950 shares of Ambarella stock. The shares were sold at an average price of $71.82, for a total value of $355,509.00.

Ambarella Stock Down 5.5%

Shares of NASDAQ AMBA opened at $52.38 on Friday. The stock’s 50 day moving average price is $66.38 and its two-hundred day moving average price is $75.56. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $96.69. The stock has a market capitalization of $2.25 billion, a P/E ratio of -29.43 and a beta of 1.95.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, February 26th. The semiconductor company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative return on equity of 12.24% and a negative net margin of 19.42%.The company had revenue of $100.87 million for the quarter, compared to the consensus estimate of $100.17 million. During the same quarter last year, the business posted $0.11 EPS. Ambarella’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts anticipate that Ambarella, Inc. will post -2.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Rosenblatt Securities lifted their target price on Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Wall Street Zen downgraded Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price objective on shares of Ambarella in a report on Wednesday, November 26th. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a report on Tuesday, February 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price (up from $90.00) on shares of Ambarella in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Institutional Investors Weigh In On Ambarella

Several large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Ambarella by 290.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,428 shares of the semiconductor company’s stock valued at $4,821,000 after purchasing an additional 43,461 shares in the last quarter. Creative Planning grew its holdings in shares of Ambarella by 30.8% during the second quarter. Creative Planning now owns 21,569 shares of the semiconductor company’s stock valued at $1,425,000 after buying an additional 5,085 shares in the last quarter. Sigma Planning Corp acquired a new position in Ambarella during the second quarter valued at $373,000. AIGH Capital Management LLC acquired a new position in Ambarella during the third quarter valued at $4,126,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Ambarella by 899.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 112,659 shares of the semiconductor company’s stock worth $7,443,000 after acquiring an additional 101,389 shares in the last quarter. 82.09% of the stock is owned by institutional investors.

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.