Ambarella Inc (NASDAQ:AMBA) Director David Jeffrey Richardson sold 10,197 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $39.93, for a total transaction of $407,166.21. Following the transaction, the director now directly owns 8,304 shares of the company’s stock, valued at $331,578.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AMBA traded down $1.03 on Friday, hitting $37.97. The company’s stock had a trading volume of 63,755 shares, compared to its average volume of 1,358,808. The company has a market cap of $1.29 billion, a PE ratio of 71.07 and a beta of 1.20. Ambarella Inc has a 12 month low of $34.33 and a 12 month high of $66.23.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.12. The company had revenue of $62.47 million during the quarter, compared to the consensus estimate of $62.27 million. Ambarella had a negative net margin of 1.40% and a negative return on equity of 0.71%. equities analysts anticipate that Ambarella Inc will post -0.84 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMBA. BlackRock Inc. lifted its stake in Ambarella by 9.6% in the 2nd quarter. BlackRock Inc. now owns 1,648,769 shares of the semiconductor company’s stock worth $63,658,000 after purchasing an additional 144,604 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Ambarella by 12.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,549,203 shares of the semiconductor company’s stock worth $59,815,000 after purchasing an additional 167,095 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Ambarella by 5.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 953,325 shares of the semiconductor company’s stock worth $36,808,000 after purchasing an additional 52,391 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Ambarella by 16.4% in the 2nd quarter. Janus Henderson Group PLC now owns 948,168 shares of the semiconductor company’s stock worth $36,614,000 after purchasing an additional 133,475 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in Ambarella by 9.5% in the 1st quarter. State of Tennessee Treasury Department now owns 630,000 shares of the semiconductor company’s stock worth $30,864,000 after purchasing an additional 54,700 shares in the last quarter. 67.60% of the stock is owned by institutional investors.

AMBA has been the subject of a number of research reports. Bank of America initiated coverage on shares of Ambarella in a research report on Tuesday, July 17th. They set a “neutral” rating and a $42.00 target price for the company. UBS Group downgraded shares of Ambarella to a “market perform” rating in a research report on Wednesday, June 6th. BidaskClub downgraded shares of Ambarella from a “sell” rating to a “strong sell” rating in a research report on Friday, June 8th. Zacks Investment Research downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Finally, Stifel Nicolaus reduced their target price on shares of Ambarella from $56.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Ambarella currently has an average rating of “Hold” and an average price target of $52.15.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, 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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