Wang Feng-Ming, CEO and Director at Ambarella Inc. (AMBA), sold 6,086 ordinary shares on September 17, 2026, at $64.83 per share, generating approximately $394,555. The sale was conducted to cover tax obligations from vesting restricted stock units. Wang now beneficially owns 767,759 ordinary shares.
Ambarella's stock has declined roughly 26% over the past year and currently trades at $63.12. The company reported second-quarter fiscal 2027 revenue of $108.1 million and non-GAAP earnings per share of $0.18, slightly exceeding Wall Street estimates of $0.17 per share and $107.76 million in revenue. The company cited margin pressure and memory-supply uncertainty as challenges.
Rosenblatt reiterated a Buy rating with a $120.00 price target following the launch of Ambarella's X7 standalone AI accelerator. Stifel adjusted its price target to $90 from $106 while maintaining a Buy rating, citing valuation compression in the semiconductor industry. Oppenheimer maintained a Perform rating.
Investors monitoring AMBA should watch for updates on memory-supply conditions and margin trends in the next earnings report.