Ambarella (NASDAQ:AMBA) Trading Down 0.4%

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) fell 0.4% during trading on Monday . The company traded as low as $53.98 and last traded at $54.19. 40,301 shares were traded during trading, a decline of 93% from the average session volume of 619,980 shares. The stock had previously closed at $54.40.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Ambarella from $50.00 to $57.00 and gave the company an "underperform" rating in a research note on Wednesday, August 28th. Roth Mkm reissued a "neutral" rating and set a $60.00 target price on shares of Ambarella in a research note on Wednesday, August 28th. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price target on shares of Ambarella in a research note on Friday, August 23rd. TD Cowen upped their price target on Ambarella from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Finally, Stifel Nicolaus raised their price objective on Ambarella from $75.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Ambarella presently has an average rating of "Hold" and an average price target of $75.00.

Ambarella Stock Down 0.5 %

The firm has a 50-day moving average price of $51.86 and a two-hundred day moving average price of $51.43. The firm has a market cap of $2.22 billion, a PE ratio of -12.70 and a beta of 1.63.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. During the same quarter last year, the firm posted ($0.76) EPS. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts forecast that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Insider Activity at Ambarella

In other news, VP Christopher Day sold 483 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the sale, the vice president now directly owns 21,370 shares in the company, valued at $1,144,149.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Chi-Hong Ju sold 6,000 shares of the firm's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $52.90, for a total transaction of $317,400.00. Following the completion of the sale, the vice president now directly owns 173,193 shares in the company, valued at $9,161,909.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher Day sold 483 shares of the business's 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 completion of the transaction, the vice president now owns 21,370 shares in the company, valued at $1,144,149.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,014 shares of company stock valued at $1,542,210. Corporate insiders own 5.70% of the company's stock.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently made changes to their positions in AMBA. Dimensional Fund Advisors LP grew its position in Ambarella by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company's stock worth $43,171,000 after acquiring an additional 29,379 shares during the period. Kodai Capital Management LP acquired a new stake in shares of Ambarella during the 4th quarter worth about $65,543,000. Norges Bank purchased a new stake in Ambarella in the 4th quarter valued at about $23,495,000. SWS Partners lifted its position in Ambarella by 25.3% in the second quarter. SWS Partners now owns 79,522 shares of the semiconductor company's stock valued at $4,290,000 after buying an additional 16,049 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in Ambarella during the first quarter worth about $571,000. Institutional investors and hedge funds own 82.09% of the company's stock.

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.