Ambarella (NASDAQ:AMBA) Trading Down 1.8%

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report)'s share price was down 1.8% during trading on Monday . The company traded as low as $52.16 and last traded at $52.44. Approximately 51,398 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 622,216 shares. The stock had previously closed at $53.42.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Roth Mkm reiterated a "neutral" rating and issued a $60.00 price target on shares of Ambarella in a report on Wednesday, August 28th. Westpark Capital reissued a "buy" rating and set a $85.00 price objective on shares of Ambarella in a report on Monday, August 26th. TD Cowen boosted their price target on Ambarella from $65.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Finally, Bank of America raised their target price on Ambarella from $50.00 to $57.00 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Two 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.com, Ambarella has an average rating of "Hold" and an average price target of $74.58.

Ambarella Stock Down 0.1 %

The stock has a market capitalization of $2.19 billion, a P/E ratio of -12.53 and a beta of 1.63. The firm's 50-day simple moving average is $52.57 and its 200 day simple moving average is $51.51.

Ambarella (NASDAQ:AMBA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.06. The firm had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.76) earnings per share. As a group, equities analysts anticipate that Ambarella, Inc. will post -2.99 EPS for the current fiscal year.

Insider Activity at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 8,900 shares of Ambarella stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $55.53, for a total value of $494,217.00. Following the completion of the sale, the vice president now directly owns 179,193 shares in the company, valued at $9,950,587.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ambarella news, VP Chi-Hong Ju sold 8,900 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $55.53, for a total transaction of $494,217.00. Following the transaction, the vice president now directly owns 179,193 shares of the company's stock, valued at $9,950,587.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Feng-Ming Wang sold 4,382 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $56.02, for a total value of $245,479.64. Following the completion of the sale, the chief executive officer now directly owns 803,574 shares of the company's stock, valued at approximately $45,016,215.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,653 shares of company stock valued at $1,487,144. Insiders own 5.70% of the company's stock.

Institutional Trading of Ambarella

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in Ambarella by 22.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company's stock valued at $177,000 after acquiring an additional 590 shares during the period. Creative Planning bought a new stake in shares of Ambarella in the 2nd quarter valued at approximately $325,000. Cim Investment Management Inc. acquired a new position in shares of Ambarella in the 2nd quarter worth approximately $239,000. The Manufacturers Life Insurance Company lifted its position in shares of Ambarella by 36.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company's stock worth $69,698,000 after buying an additional 343,385 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company's stock worth $78,091,000 after buying an additional 94,257 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.