Ambarella Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 9,573 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $67.98, for a total transaction of $650,772.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Ambarella Inc. (NASDAQ:AMBA) opened at 67.46 on Thursday. The stock has a 50 day moving average of $65.85 and a 200-day moving average of $50.93. Ambarella Inc. has a 1-year low of $33.39 and a 1-year high of $72.99. The firm has a market capitalization of $2.21 billion, a P/E ratio of 50.80 and a beta of 1.49.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.16. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The business had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $64.02 million. During the same period in the previous year, the business posted $0.88 EPS. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year. On average, equities analysts expect that Ambarella Inc. will post $2.64 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Ambarella during the fourth quarter worth about $8,585,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Ambarella during the first quarter worth about $587,000. IFP Advisors Inc boosted its stake in shares of Ambarella by 28.5% in the first quarter. IFP Advisors Inc now owns 7,195 shares of the company’s stock worth $322,000 after buying an additional 1,596 shares in the last quarter. Credit Agricole S A boosted its stake in shares of Ambarella by 42.9% in the first quarter. Credit Agricole S A now owns 17,000 shares of the company’s stock worth $760,000 after buying an additional 5,100 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Ambarella by 80.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 14,250 shares of the company’s stock worth $637,000 after buying an additional 6,350 shares in the last quarter. Institutional investors and hedge funds own 51.33% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $68.00 price objective on shares of Ambarella in a research report on Friday, September 16th. Vetr raised shares of Ambarella from a “sell” rating to a “hold” rating and set a $62.36 price objective on the stock in a research report on Monday, September 12th. Zacks Investment Research upgraded shares of Ambarella from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a research note on Thursday, September 8th. FBN Securities restated an “outperform” rating and issued a $80.00 price target (up from $60.00) on shares of Ambarella in a research note on Tuesday, September 6th. Finally, Canaccord Genuity upped their price target on shares of Ambarella from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Ambarella has a consensus rating of “Buy” and a consensus price target of $68.26.

About Ambarella

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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