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

Ambarella (NASDAQ:AMBAGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also weighed in on AMBA. Robert W. Baird upgraded Ambarella from a “neutral” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Thursday, February 10th. Colliers Securities reissued a “buy” rating and set a $220.00 price target on shares of Ambarella in a research report on Tuesday, March 1st. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price target on shares of Ambarella in a research report on Monday, April 4th. Rosenblatt Securities reduced their price target on Ambarella from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, March 1st. Finally, KeyCorp reduced their target price on Ambarella from $230.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, March 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $171.20.

NASDAQ:AMBA opened at $90.26 on Friday. The stock’s 50 day moving average price is $108.40 and its two-hundred day moving average price is $151.97. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -123.64 and a beta of 1.19. Ambarella has a 12-month low of $81.28 and a 12-month high of $227.59.

Ambarella (NASDAQ:AMBAGet Rating) last released its quarterly earnings data on Monday, February 28th. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.25). The business had revenue of $90.23 million during the quarter, compared to the consensus estimate of $90.18 million. Ambarella had a negative net margin of 7.96% and a negative return on equity of 4.95%. Ambarella’s quarterly revenue was up 45.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.39) EPS. On average, equities research analysts forecast that Ambarella will post -0.53 earnings per share for the current fiscal year.

In related news, VP Yun-Lung Chen sold 19,241 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $96.92, for a total transaction of $1,864,837.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin C. Eichler sold 702 shares of the firm’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $84.42, for a total value of $59,262.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,723 shares of company stock valued at $16,280,767. 5.60% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its position in shares of Ambarella by 585.7% in the 4th quarter. First Horizon Advisors Inc. now owns 144 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 123 shares in the last quarter. Liberty Wealth Management LLC raised its position in shares of Ambarella by 93.1% in the 3rd quarter. Liberty Wealth Management LLC now owns 168 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 81 shares in the last quarter. UMB Bank N A MO bought a new position in shares of Ambarella in the 4th quarter worth about $47,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Ambarella by 46.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 412 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 131 shares in the last quarter. Finally, CWM LLC bought a new position in shares of Ambarella in the 4th quarter worth about $84,000. 76.44% of the stock is owned by hedge funds and other institutional investors.

About Ambarella (Get Rating)

Ambarella, Inc develops semiconductor solutions for video 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.

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