Ambarella, Inc. (NASDAQ:AMBA) Short Interest Update

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,370,000 shares, a decrease of 9.3% from the September 30th total of 1,510,000 shares. Based on an average trading volume of 602,700 shares, the days-to-cover ratio is currently 2.3 days.

Insiders Place Their Bets

In other Ambarella news, VP Christopher Day sold 483 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82. Following the sale, the vice president now owns 21,370 shares of the company's stock, valued at $1,144,149.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ambarella news, VP Yun-Lung Chen sold 5,963 shares of Ambarella stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total transaction of $343,230.28. Following the completion of the sale, the vice president now owns 62,026 shares of the company's stock, valued at approximately $3,570,216.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Day sold 483 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82. Following the sale, the vice president now owns 21,370 shares of the company's stock, valued at $1,144,149.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,423 shares of company stock valued at $1,356,402 in the last 90 days. 5.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ambarella

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Ambarella in the 2nd quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 321 shares in the last quarter. CWM LLC lifted its stake in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 304 shares in the last quarter. Signaturefd LLC increased its position in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 526 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Ambarella by 62.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company's stock worth $78,000 after purchasing an additional 552 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen upped their price objective on Ambarella from $65.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Craig Hallum raised their target price on Ambarella from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Westpark Capital restated a "buy" rating and set a $85.00 target price on shares of Ambarella in a report on Monday, August 26th. Susquehanna reduced their target price on Ambarella from $80.00 to $70.00 and set a "positive" rating on the stock in a report on Monday, October 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Ambarella 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $74.09.

Ambarella Trading Down 3.8 %

Shares of NASDAQ:AMBA traded down $2.31 during trading on Wednesday, hitting $59.22. 285,272 shares of the company's stock traded hands, compared to its average volume of 586,754. Ambarella has a 52 week low of $39.69 and a 52 week high of $65.88. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -14.44 and a beta of 1.62. The company has a 50-day moving average price of $55.68 and a 200-day moving average price of $52.71.

Ambarella (NASDAQ:AMBA - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $63.70 million for the quarter, compared to analysts' expectations of $62.10 million. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. Ambarella's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.76) EPS. On average, analysts predict that Ambarella will post -3 earnings per share for the current fiscal year.

Ambarella Company Profile

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.