Ambarella (NASDAQ:AMBA) CFO John Alexander Young Sells 400 Shares

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 400 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $96.00, for a total transaction of $38,400.00. Following the completion of the transaction, the chief financial officer owned 117,623 shares in the company, valued at $11,291,808. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Alexander Young also recently made the following trade(s):

• On Tuesday, April 21st, John Alexander Young sold 1,971 shares of Ambarella stock. The shares were sold at an average price of $60.00, for a total transaction of $118,260.00.
• On Thursday, March 19th, John Alexander Young sold 3,038 shares of Ambarella stock. The shares were sold at an average price of $54.14, for a total transaction of $164,477.32.
• On Tuesday, March 17th, John Alexander Young sold 4,577 shares of Ambarella stock. The stock was sold at an average price of $52.77, for a total transaction of $241,528.29.

Ambarella Stock Up 1.4%

Shares of Ambarella stock opened at $91.84 on Friday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -51.60 and a beta of 2.17. Ambarella, Inc. has a 12-month low of $48.30 and a 12-month high of $96.69. The firm’s 50-day moving average price is $65.50 and its two-hundred day moving average price is $68.42.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $100.36 million for the quarter, compared to the consensus estimate of $100.12 million. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. On average, sell-side analysts expect that Ambarella, Inc. will post -1.27 earnings per share for the current year.

Institutional Investors Weigh In On Ambarella

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Ambarella by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock valued at $388,223,000 after purchasing an additional 311,649 shares in the last quarter. State Street Corp boosted its stake in shares of Ambarella by 8.9% in the 2nd quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after purchasing an additional 151,694 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its stake in shares of Ambarella by 30.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock valued at $112,429,000 after purchasing an additional 373,734 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ambarella by 49.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after purchasing an additional 524,937 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ambarella by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock valued at $72,305,000 after purchasing an additional 35,510 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Ambarella reported fiscal Q1 revenue of $100.4 million, up 16.9% year over year, with EPS of $0.11 matching estimates and revenue slightly topping expectations, suggesting execution remains on track. Ambarella (AMBA) Meets Q1 Earnings Estimates
• Positive Sentiment: The company also guided Q2 revenue to $105 million-$111 million, which was above the consensus view at the midpoint, helping support the stock’s move. Ambarella outlines $105M-$111M Q2 revenue while Hanwha agreement targets $800M+ over 10+ years
• Positive Sentiment: Ambarella announced a long-term edge-AI agreement with Hanwha that could generate more than $800 million in potential revenue over 10+ years, a meaningful validation of its platform and future demand outlook. Hanwha and Ambarella Enter Into Long-Term Edge AI Agreement
• Positive Sentiment: Analysts turned more constructive after the report, with Needham’s Quinn Bolton reiterating Buy and raising his target to $100, while Bank of America’s Vivek Arya lifted his target to $96, both pointing to longer-dated edge-AI upside. Quinn Bolton Reiterates Buy on Ambarella, Sets $100 DCF-Based Price Target on Strengthening Auto, Robotics, and Long-Term Deal Momentum
• Neutral Sentiment: Ambarella’s CEO and CFO disclosed pre-arranged stock sales under 10b5-1 plans, which investors may view as routine rather than a major signal. MarketBeat AMBA insider transactions

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a research note on Friday. Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Bank of America reiterated a “neutral” rating on shares of Ambarella in a research note on Friday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price objective on shares of Ambarella in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.75.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.