Christopher B. Paisley Sells 500 Shares of Ambarella Inc (NASDAQ:AMBA) Stock

Ambarella Inc (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $60.00, for a total value of $30,000.00. Following the sale, the director now owns 23,433 shares of the company’s stock, valued at approximately $1,405,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of AMBA stock traded up $2.29 during trading hours on Friday, reaching $62.52. 532,072 shares of the company’s stock were exchanged, compared to its average volume of 571,212. The stock’s 50 day moving average is $48.35 and its 200-day moving average is $45.03. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -56.32 and a beta of 1.20. The company has a current ratio of 9.84, a quick ratio of 9.42 and a debt-to-equity ratio of 0.01. Ambarella Inc has a fifty-two week low of $30.00 and a fifty-two week high of $63.59.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 29th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.05. The business had revenue of $56.41 million for the quarter, compared to the consensus estimate of $52.00 million. Ambarella had a negative return on equity of 10.89% and a negative net margin of 19.38%. The business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Equities analysts anticipate that Ambarella Inc will post -1.13 EPS for the current year.

AMBA has been the subject of a number of analyst reports. Zacks Investment Research upgraded Ambarella from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday. TheStreet lowered Ambarella from a “c-” rating to a “d+” rating in a report on Wednesday, June 12th. Roth Capital upped their target price on Ambarella from $45.00 to $55.00 in a report on Tuesday. BidaskClub upgraded Ambarella from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Craig Hallum set a $62.00 target price on Ambarella and gave the stock a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.38.

Several hedge funds have recently modified their holdings of the company. Natixis increased its position in shares of Ambarella by 62.1% during the second quarter. Natixis now owns 203,430 shares of the semiconductor company’s stock worth $8,977,000 after purchasing an additional 77,904 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Ambarella by 22.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,369 shares of the semiconductor company’s stock worth $324,000 after purchasing an additional 1,358 shares in the last quarter. Waddell & Reed Financial Inc. acquired a new position in shares of Ambarella during the second quarter worth $11,999,000. Nuveen Asset Management LLC acquired a new position in shares of Ambarella during the second quarter worth $5,484,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Ambarella by 28.5% during the second quarter. UBS Asset Management Americas Inc. now owns 22,991 shares of the semiconductor company’s stock worth $1,015,000 after purchasing an additional 5,101 shares in the last quarter. 77.19% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, 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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Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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