Ambarella (NASDAQ:AMBA) Stock Price Down 0.5% Following Insider Selling

Ambarella, Inc. (NASDAQ:AMBA)’s share price traded down 0.5% on Thursday after an insider sold shares in the company. The stock traded as low as $54.17 and last traded at $54.80. 111,510 shares changed hands during trading, a decline of 82% from the average session volume of 624,980 shares. The stock had previously closed at $55.06.

Specifically, VP Yun-Lung Chen sold 5,963 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $57.56, for a total value of $343,230.28. Following the transaction, the vice president now owns 62,026 shares of the company’s stock, valued at $3,570,216.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of research analysts have weighed in on AMBA shares. Bank of America increased their target price on Ambarella from $50.00 to $57.00 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Craig Hallum raised their price objective on Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Westpark Capital reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. TD Cowen lifted their target price on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus lifted their target price on Ambarella from $75.00 to $80.00 and gave the stock a “buy” 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 eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.58.

Ambarella Stock Down 3.8 %

The firm has a 50-day moving average of $53.18 and a two-hundred day moving average of $51.72. The company has a market capitalization of $2.13 billion, a PE ratio of -12.22 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.06. Ambarella had a negative return on equity of 25.76% and a negative net margin of 79.46%. The business had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. During the same period in the previous year, the business earned ($0.76) EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Ambarella, Inc. will post -2.99 EPS for the current year.

Institutional Investors Weigh In On Ambarella

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in shares of Ambarella by 13.5% in the 4th quarter. Russell Investments Group Ltd. now owns 17,146 shares of the semiconductor company’s stock worth $1,051,000 after buying an additional 2,034 shares during the period. Natixis Advisors L.P. raised its holdings in shares of Ambarella by 16.6% during the fourth quarter. Natixis Advisors L.P. now owns 20,409 shares of the semiconductor company’s stock valued at $1,250,000 after buying an additional 2,908 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ambarella by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 299,062 shares of the semiconductor company’s stock valued at $18,330,000 after acquiring an additional 4,593 shares during the period. Wrapmanager Inc. acquired a new position in shares of Ambarella during the fourth quarter valued at approximately $210,000. Finally, Dimensional Fund Advisors LP grew its position in Ambarella by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock worth $43,171,000 after buying an additional 29,379 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.