Ambarella (NASDAQ:AMBA) Lifted to Sell at StockNews.com

StockNews.com upgraded shares of Ambarella (NASDAQ:AMBA) to a sell rating in a research report report published on Saturday.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of Ambarella from an overweight rating to an equal weight rating and dropped their price target for the company from $85.00 to $65.00 in a research note on Wednesday, January 3rd. Susquehanna increased their price target on shares of Ambarella from $70.00 to $80.00 and gave the company a positive rating in a research note on Wednesday, February 28th. Needham & Company LLC reiterated a buy rating and issued a $90.00 price target on shares of Ambarella in a research note on Wednesday, February 28th. Finally, Morgan Stanley increased their price target on shares of Ambarella from $67.00 to $73.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $71.75.

Ambarella Stock Down 3.3 %

Shares of NASDAQ:AMBA opened at $46.19 on Friday. The firm’s 50 day moving average price is $52.64 and its 200 day moving average price is $54.18. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -10.89 and a beta of 1.66. Ambarella has a fifty-two week low of $43.59 and a fifty-two week high of $89.18.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, beating the consensus estimate of ($0.98) by $0.03. The firm had revenue of $51.62 million for the quarter, compared to analysts’ expectations of $51.68 million. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. On average, equities analysts anticipate that Ambarella will post -3.53 EPS for the current year.

Insider Activity at Ambarella

In related news, CTO Leslie Kohn sold 1,198 shares of Ambarella stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $59,025.46. Following the transaction, the chief technology officer now directly owns 964,664 shares in the company, valued at approximately $47,528,995.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ambarella news, COO Chan W. Lee sold 1,075 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $52,965.25. Following the completion of the sale, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Leslie Kohn sold 1,198 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $59,025.46. Following the completion of the sale, the chief technology officer now directly owns 964,664 shares of the company’s stock, valued at approximately $47,528,995.28. The disclosure for this sale can be found here. Insiders have sold a total of 6,648 shares of company stock worth $327,595 in the last three months. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Ambarella

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBA. Kodai Capital Management LP acquired a new stake in Ambarella in the fourth quarter valued at $65,543,000. Macquarie Group Ltd. lifted its holdings in Ambarella by 61.9% in the second quarter. Macquarie Group Ltd. now owns 1,640,233 shares of the semiconductor company’s stock valued at $107,370,000 after acquiring an additional 626,893 shares during the period. BlackRock Inc. lifted its holdings in Ambarella by 14.9% in the first quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company’s stock valued at $422,620,000 after acquiring an additional 522,698 shares during the period. Norges Bank acquired a new position in shares of Ambarella during the 4th quarter worth $23,495,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Ambarella by 1,276.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 403,197 shares of the semiconductor company’s stock worth $24,712,000 after buying an additional 373,915 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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.