Ambarella Inc (NASDAQ:AMBA) CEO Feng-Ming Wang sold 7,971 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $56.19, for a total value of $447,890.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Inc (NASDAQ:AMBA) traded up 2.22% during midday trading on Monday, hitting $57.59. The stock had a trading volume of 887,459 shares. The firm has a 50 day moving average price of $54.71 and a 200 day moving average price of $59.16. The stock has a market cap of $1.90 billion, a PE ratio of 34.28 and a beta of 1.51. Ambarella Inc has a one year low of $35.26 and a one year high of $74.95.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, February 28th. The company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.18. Ambarella had a return on equity of 13.28% and a net margin of 15.32%. The firm had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $85.92 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. Equities analysts expect that Ambarella Inc will post $2.19 EPS for the current year.

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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Large investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Ambarella during the third quarter valued at approximately $154,000. First Interstate Bank boosted its stake in shares of Ambarella by 2.4% in the fourth quarter. First Interstate Bank now owns 2,169 shares of the company’s stock valued at $117,000 after buying an additional 50 shares during the last quarter. Van Hulzen Asset Management LLC purchased a new stake in shares of Ambarella during the third quarter valued at approximately $188,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Ambarella during the third quarter valued at approximately $202,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Ambarella during the third quarter valued at approximately $204,000. 58.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Deutsche Bank AG reiterated a “hold” rating and set a $65.00 target price (down previously from $68.00) on shares of Ambarella in a report on Sunday, December 4th. Stifel Nicolaus lowered their target price on Ambarella from $84.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, February 21st. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Ambarella in a report on Tuesday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a report on Sunday, December 4th. Finally, Pacific Crest reiterated a “buy” rating and set a $70.00 target price (down previously from $75.00) on shares of Ambarella in a report on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Ambarella has an average rating of “Buy” and an average price target of $69.19.

Ambarella Company Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

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