Leslie Kohn Sells 4,614 Shares of Ambarella Inc (AMBA) Stock

Ambarella Inc (NASDAQ:AMBA) insider Leslie Kohn sold 4,614 shares of Ambarella stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $57.69, for a total value of $266,181.66. Following the completion of the transaction, the insider now owns 906,766 shares in the company, valued at $52,311,330.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Inc (NASDAQ AMBA) traded down $0.07 on Wednesday, hitting $58.10. The stock had a trading volume of 710,000 shares, compared to its average volume of 1,034,236. The firm has a market cap of $1,937.44, a PE ratio of 55.40, a P/E/G ratio of 5.63 and a beta of 1.57. Ambarella Inc has a 1-year low of $40.06 and a 1-year high of $65.39.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. The business had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. research analysts predict that Ambarella Inc will post 0.7 earnings per share for the current fiscal year.

AMBA has been the topic of several analyst reports. ValuEngine upgraded Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Dougherty & Co reduced their price target on Ambarella from $75.00 to $60.00 and set a “buy” rating for the company in a report on Friday, September 1st. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price target on shares of Ambarella in a report on Wednesday, September 27th. Deutsche Bank reissued a “hold” rating and issued a $49.00 price target (down from $54.00) on shares of Ambarella in a report on Friday, September 1st. Finally, Roth Capital reissued a “buy” rating and issued a $65.00 price target on shares of Ambarella in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $59.15.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Ambarella by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after purchasing an additional 60,770 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in Ambarella by 6.5% during the third quarter. Van Berkom & Associates Inc. now owns 1,316,350 shares of the semiconductor company’s stock worth $64,514,000 after purchasing an additional 80,867 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in Ambarella by 36.2% during the second quarter. Eagle Asset Management Inc. now owns 1,152,405 shares of the semiconductor company’s stock worth $55,949,000 after purchasing an additional 306,248 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in Ambarella by 54.9% during the third quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock worth $49,720,000 after purchasing an additional 359,417 shares during the last quarter. Finally, AXA raised its holdings in Ambarella by 17.8% during the third quarter. AXA now owns 834,078 shares of the semiconductor company’s stock worth $40,878,000 after purchasing an additional 125,972 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

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About Ambarella

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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