Ambarella Target of Unusually Large Options Trading (NASDAQ:AMBA)

Ambarella, Inc. (NASDAQ:AMBA) saw unusually large options trading on Wednesday. Stock traders bought 6,900 call options on the company. This represents an increase of 170% compared to the average volume of 2,552 call options.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambarella in a research note on Wednesday, October 8th. Bank of America lifted their target price on Ambarella from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Roth Capital restated a “neutral” rating on shares of Ambarella in a research note on Wednesday, November 26th. Rosenblatt Securities upped their target price on Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen upgraded Ambarella from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ambarella currently has an average rating of “Moderate Buy” and an average target price of $96.00.

Insider Buying and Selling at Ambarella

In other Ambarella news, CEO Feng-Ming Wang sold 4,950 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $71.82, for a total value of $355,509.00. Following the completion of the sale, the chief executive officer owned 783,979 shares of the company’s stock, valued at $56,305,371.78. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elizabeth M. Schwarting sold 2,664 shares of Ambarella stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $85.38, for a total transaction of $227,452.32. Following the sale, the director owned 7,314 shares in the company, valued at $624,469.32. This represents a 26.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,569 shares of company stock worth $2,268,596. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

A number of institutional investors and hedge funds have recently made changes to their positions in AMBA. Northern Trust Corp lifted its holdings in Ambarella by 1.0% in the first quarter. Northern Trust Corp now owns 386,686 shares of the semiconductor company’s stock worth $19,462,000 after purchasing an additional 3,650 shares during the period. Quantbot Technologies LP bought a new stake in shares of Ambarella during the 1st quarter worth about $181,000. Ieq Capital LLC acquired a new stake in shares of Ambarella in the 1st quarter worth approximately $335,000. Trexquant Investment LP boosted its holdings in shares of Ambarella by 154.2% in the first quarter. Trexquant Investment LP now owns 78,240 shares of the semiconductor company’s stock valued at $3,938,000 after acquiring an additional 47,461 shares in the last quarter. Finally, Kodai Capital Management LP increased its stake in shares of Ambarella by 16.2% during the first quarter. Kodai Capital Management LP now owns 904,536 shares of the semiconductor company’s stock valued at $45,525,000 after acquiring an additional 125,983 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Ambarella Stock Up 0.0%

AMBA stock traded up $0.01 during trading on Wednesday, hitting $71.99. 183,923 shares of the company’s stock traded hands, compared to its average volume of 848,844. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -38.30 and a beta of 1.98. Ambarella has a 52 week low of $38.86 and a 52 week high of $96.69. The stock has a fifty day moving average price of $81.31 and a two-hundred day moving average price of $74.65.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. The company had revenue of $108.45 million for the quarter, compared to the consensus estimate of $104.11 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. As a group, equities research analysts expect that Ambarella will post -2.81 EPS for the current fiscal year.

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.