Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) CFO John Alexander Young sold 2,139 shares of Ambarella stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $114,522.06. Following the sale, the chief financial officer now directly owns 103,529 shares of the company’s stock, valued at approximately $5,542,942.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ambarella Stock Down 2.5 %
NASDAQ AMBA opened at $54.40 on Friday. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $65.88. The company has a 50 day moving average price of $52.07 and a 200 day moving average price of $51.52. The firm has a market cap of $2.23 billion, a PE ratio of -12.77 and a beta of 1.63.
Ambarella (NASDAQ:AMBA – Get Free Report) last issued its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. The firm had revenue of $63.70 million during the quarter, compared to analyst estimates of $62.10 million. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.76) EPS. On average, equities research analysts anticipate that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on AMBA
Institutional Investors Weigh In On Ambarella
Several institutional investors have recently added to or reduced their stakes in AMBA. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ambarella in the 2nd quarter valued at approximately $3,604,000. Northwestern Mutual Wealth Management Co. increased its stake in Ambarella by 22.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 590 shares in the last quarter. Creative Planning purchased a new position in shares of Ambarella in the second quarter worth $325,000. Cim Investment Management Inc. acquired a new stake in shares of Ambarella during the second quarter worth $239,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Ambarella by 36.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after buying an additional 343,385 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.
Ambarella Company Profile
Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence 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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