Ambarella, Inc. (NASDAQ:AMBA) CFO George Laplante sold 5,592 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.50, for a total transaction of $260,028.00. Following the completion of the sale, the chief financial officer now directly owns 103,586 shares in the company, valued at $4,816,749. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Ambarella, Inc. (AMBA) traded down 0.37% during trading on Thursday, reaching $45.98. 695,567 shares of the company’s stock traded hands. The company has a 50 day moving average of $49.30 and a 200 day moving average of $53.07. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 30.03 and a beta of 1.60. Ambarella, Inc. has a one year low of $40.06 and a one year high of $74.95.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Ambarella had a return on equity of 11.94% and a net margin of 16.45%. The business had revenue of $71.63 million for the quarter, compared to analyst estimates of $70.79 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that Ambarella, Inc. will post $1.89 EPS for the current year.

Ambarella announced that its Board of Directors has approved a share buyback plan on Tuesday, June 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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A number of analysts have recently weighed in on AMBA shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 target price on shares of Ambarella in a research report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of Ambarella in a research report on Wednesday, June 7th. Vetr downgraded shares of Ambarella from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 31st. Dougherty & Co reduced their target price on shares of Ambarella from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $65.00 target price on shares of Ambarella in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $58.23.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oak Associates Ltd. OH boosted its position in Ambarella by 12.0% in the second quarter. Oak Associates Ltd. OH now owns 24,070 shares of the semiconductor company’s stock valued at $1,169,000 after buying an additional 2,575 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Ambarella by 17.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 734 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Ambarella by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 24,951 shares of the semiconductor company’s stock valued at $1,212,000 after buying an additional 376 shares during the last quarter. State Street Corp boosted its position in Ambarella by 5.9% in the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock valued at $28,894,000 after buying an additional 33,237 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new stake in Ambarella in the second quarter valued at approximately $557,000. Hedge funds and other institutional investors own 57.06% of the company’s stock.

Ambarella Company Profile

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.

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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