Elizabeth M. Schwarting Sells 913 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Elizabeth M. Schwarting sold 913 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $54.74, for a total value of $49,977.62. Following the completion of the transaction, the director now owns 8,155 shares in the company, valued at approximately $446,404.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ambarella Trading Up 5.9 %

Shares of NASDAQ AMBA opened at $57.08 on Friday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $65.88. The company has a market cap of $2.34 billion, a price-to-earnings ratio of -13.40 and a beta of 1.63. The stock’s 50 day simple moving average is $51.51 and its 200 day simple moving average is $51.48.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The firm had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. During the same period last year, the company earned ($0.76) earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities analysts forecast that Ambarella, Inc. will post -3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on AMBA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Ambarella in a report on Wednesday, August 28th. Stifel Nicolaus upped their price objective on Ambarella from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Bank of America increased their target price on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Wells Fargo & Company lowered their price target on Ambarella from $65.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Finally, Westpark Capital restated a “buy” rating and set a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Ambarella has an average rating of “Hold” and an average target price of $75.00.

Institutional Trading of Ambarella

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Ambarella by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock worth $43,171,000 after purchasing an additional 29,379 shares during the last quarter. Kodai Capital Management LP acquired a new position in shares of Ambarella during the fourth quarter worth approximately $65,543,000. Norges Bank bought a new position in Ambarella in the 4th quarter worth approximately $23,495,000. SWS Partners grew its holdings in Ambarella by 25.3% in the 2nd quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock worth $4,290,000 after buying an additional 16,049 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in Ambarella in the 1st quarter valued at approximately $571,000. 82.09% of the stock is currently owned by institutional investors.

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.