Ambarella (NASDAQ:AMBA) Insider Chan Lee Sells 2,893 Shares

Ambarella, Inc. (NASDAQ:AMBA) insider Chan Lee sold 2,893 shares of Ambarella stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total value of $187,553.19. Following the completion of the sale, the insider owned 154,443 shares in the company, valued at approximately $10,012,539.69. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ambarella Stock Performance

AMBA opened at $66.15 on Friday. The stock has a market capitalization of $2.92 billion, a PE ratio of -51.28 and a beta of 2.09. The stock’s 50 day moving average price is $71.84 and its 200-day moving average price is $68.08. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $108.12 million for the quarter, compared to analysts’ expectations of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. Research analysts forecast that Ambarella, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Trading of Ambarella

A number of hedge funds have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. grew its stake in shares of Ambarella by 30.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock worth $112,429,000 after buying an additional 373,734 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ambarella by 49.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock worth $81,644,000 after acquiring an additional 524,937 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ambarella by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after acquiring an additional 35,510 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Ambarella by 18.4% in the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock worth $43,497,000 after acquiring an additional 95,218 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ambarella by 28.1% in the first quarter. Dimensional Fund Advisors LP now owns 638,587 shares of the semiconductor company’s stock worth $32,866,000 after acquiring an additional 139,928 shares during the last quarter. 82.09% of the stock is owned by institutional investors.

Ambarella News Roundup

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities
• Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference
• Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing

Analyst Upgrades and Downgrades

Several brokerages have commented on AMBA. Roth Capital lowered their price objective on shares of Ambarella from $90.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Northland Securities set a $101.00 target price on Ambarella in a research note on Wednesday, June 17th. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating on shares of Ambarella in a report on Friday, September 4th. Finally, Consumer Edge reissued a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.56.

About Ambarella

Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.

The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.