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 sent to investors on Friday.

Other research analysts also recently issued reports about the company. Susquehanna boosted their target price on Ambarella from $70.00 to $80.00 and gave the stock a positive rating in a research note on Wednesday, February 28th. Bank of America dropped their price target on Ambarella from $62.00 to $50.00 and set an underperform rating on the stock in a research note on Tuesday, April 16th. Morgan Stanley boosted their price target on Ambarella from $67.00 to $73.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Wells Fargo & Company downgraded 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. Finally, Needham & Company LLC restated a buy rating and issued a $90.00 target price on shares of Ambarella in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $71.08.

Ambarella Price Performance

Shares of AMBA stock opened at $43.09 on Friday. Ambarella has a 1-year low of $40.31 and a 1-year high of $89.18. The stock’s fifty day moving average price is $50.42 and its 200 day moving average price is $53.47. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -10.16 and a beta of 1.66.

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

Insider Buying and Selling

In related news, COO Chan W. Lee sold 1,075 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ambarella news, COO Chan W. Lee sold 1,075 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $52,965.25. Following the completion of the transaction, the chief operating officer now owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Leslie Kohn sold 1,198 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $47,528,995.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,648 shares of company stock valued at $327,595. 5.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ambarella

Several hedge funds and other institutional investors have recently made changes to their positions in AMBA. Tributary Capital Management LLC grew its position in Ambarella by 20.2% in the fourth quarter. Tributary Capital Management LLC now owns 225,937 shares of the semiconductor company’s stock worth $13,848,000 after acquiring an additional 38,018 shares during the period. Quantbot Technologies LP grew its position in Ambarella by 1,300.9% in the third quarter. Quantbot Technologies LP now owns 22,709 shares of the semiconductor company’s stock worth $1,204,000 after acquiring an additional 21,088 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ambarella by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,469 shares of the semiconductor company’s stock worth $15,616,000 after buying an additional 10,774 shares during the period. Aigen Investment Management LP purchased a new position in shares of Ambarella during the third quarter worth $614,000. Finally, Deutsche Bank AG raised its stake in shares of Ambarella by 49.8% in the third quarter. Deutsche Bank AG now owns 26,832 shares of the semiconductor company’s stock valued at $1,423,000 after acquiring an additional 8,921 shares in 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 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.