Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) CEO Feng-Ming Wang sold 4,301 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $230,275.54. Following the sale, the chief executive officer now owns 799,527 shares of the company’s stock, valued at $42,806,675.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Feng-Ming Wang also recently made the following trade(s):
- On Wednesday, September 4th, Feng-Ming Wang sold 4,382 shares of Ambarella stock. The shares were sold at an average price of $56.02, for a total transaction of $245,479.64.
Ambarella Trading Down 2.5 %
NASDAQ:AMBA opened at $54.40 on Friday. The firm has a market capitalization of $2.23 billion, a PE ratio of -12.77 and a beta of 1.63. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $65.88. The firm’s fifty day simple moving average is $52.07 and its 200 day simple moving average is $51.49.
Hedge Funds Weigh In On Ambarella
Institutional investors and hedge funds have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ambarella in the 2nd quarter valued at $3,604,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Ambarella by 22.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 590 shares during the period. Creative Planning acquired a new stake in Ambarella during the second quarter worth about $325,000. Cim Investment Management Inc. bought a new position in Ambarella during the second quarter valued at about $239,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Ambarella by 36.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after acquiring an additional 343,385 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on AMBA shares. TD Cowen boosted their price target on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Wells Fargo & Company lowered their target price on Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Ambarella in a research note on Friday, August 23rd. Finally, Bank of America increased their price objective on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $75.00.
Get Our Latest Research Report on Ambarella
About Ambarella
Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, 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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