Feng-Ming Wang Sells 3,194 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 3,194 shares of Ambarella stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $175,733.88. Following the completion of the sale, the chief executive officer now owns 798,311 shares in the company, valued at $43,923,071.22. This represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $54.26 on Friday. The stock’s 50-day moving average is $69.81 and its two-hundred day moving average is $65.29. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $85.15. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78.

Analysts Set New Price Targets

A number of research firms have commented on AMBA. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, December 16th. Craig Hallum boosted their price objective on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Northland Securities reiterated an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System boosted its position in shares of Ambarella by 1.4% during the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock worth $827,000 after acquiring an additional 156 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Ambarella by 4.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 161 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 184 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Ambarella by 24.2% during the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 188 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Ambarella by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock worth $466,000 after acquiring an additional 201 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

About Ambarella

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.