Ambarella, Inc. (NASDAQ:AMBA) CEO Sells $323,961.36 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 4,296 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $323,961.36. Following the completion of the transaction, the chief executive officer now owns 755,231 shares of the company’s stock, valued at approximately $56,951,969.71. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ambarella Price Performance

Ambarella stock opened at $70.93 on Friday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $81.32. The business’s fifty day moving average is $63.91 and its 200 day moving average is $57.58. The stock has a market capitalization of $2.96 billion, a PE ratio of -18.38 and a beta of 1.68.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMBA. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Friday, December 6th. Susquehanna upped their price target on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Craig Hallum boosted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Northland Securities restated an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

Hedge Funds Weigh In On Ambarella

Several hedge funds and other institutional investors have recently bought and sold shares of AMBA. CWM LLC grew its stake in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Ambarella by 13.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,619 shares of the semiconductor company’s stock worth $627,000 after purchasing an additional 1,347 shares during the last quarter. Tributary Capital Management LLC grew its position in Ambarella by 2.2% in the 2nd quarter. Tributary Capital Management LLC now owns 285,667 shares of the semiconductor company’s stock worth $15,412,000 after purchasing an additional 6,020 shares during the period. Bank of New York Mellon Corp grew its position in Ambarella by 12.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 205,233 shares of the semiconductor company’s stock worth $11,072,000 after purchasing an additional 22,276 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in Ambarella during the 2nd quarter valued at $790,000. Institutional investors 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.