Ambarella, Inc. (NASDAQ:AMBA – Get Rating) COO Chan W. Lee sold 2,072 shares of Ambarella stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $63.25, for a total transaction of $131,054.00. Following the transaction, the chief operating officer now directly owns 64,897 shares of the company’s stock, valued at $4,104,735.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Ambarella Price Performance
Ambarella stock opened at $60.64 on Friday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -53.19 and a beta of 1.52. Ambarella, Inc. has a 12 month low of $59.78 and a 12 month high of $227.59. The stock’s 50-day moving average is $77.39 and its 200-day moving average is $80.40.
Ambarella (NASDAQ:AMBA – Get Rating) last announced its earnings results on Tuesday, August 30th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $80.90 million for the quarter, compared to the consensus estimate of $80.21 million. Ambarella had a negative return on equity of 6.88% and a negative net margin of 12.14%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. Research analysts anticipate that Ambarella, Inc. will post -1.53 EPS for the current year.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On Ambarella
Several large investors have recently modified their holdings of the stock. Ensign Peak Advisors Inc acquired a new stake in Ambarella during the 4th quarter worth $1,363,000. Charles Schwab Investment Management Inc. grew its stake in shares of Ambarella by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 278,177 shares of the semiconductor company’s stock worth $56,440,000 after buying an additional 3,362 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Ambarella by 215.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,864 shares of the semiconductor company’s stock worth $378,000 after buying an additional 1,274 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ambarella by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 627,815 shares of the semiconductor company’s stock worth $127,377,000 after purchasing an additional 4,234 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Ambarella by 4.9% in the fourth quarter. Invesco Ltd. now owns 1,256,761 shares of the semiconductor company’s stock valued at $254,984,000 after buying an additional 59,161 shares during the period. 76.77% of the stock is currently owned by institutional investors.
Ambarella Company Profile
Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.
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