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

Ambarella (NASDAQ:AMBA) was upgraded by research analysts at StockNews.com to a “sell” rating in a research note issued on Saturday.

A number of other analysts have also recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Ambarella in a report on Wednesday, February 28th. Wells Fargo & Company downgraded Ambarella from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Morgan Stanley lifted their target price on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, Susquehanna boosted their target price on Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.75.

Ambarella Stock Down 3.3 %

Shares of AMBA stock opened at $46.19 on Friday. The stock has a 50-day simple moving average of $52.64 and a 200 day simple moving average of $54.16. The stock has a market capitalization of $1.89 billion, a P/E 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 quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. Ambarella had a negative net margin of 74.81% and a negative return on equity of 23.78%. The company had revenue of $51.62 million during the quarter, compared to the consensus estimate of $51.68 million. On average, sell-side analysts anticipate that Ambarella will post -3.53 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Ambarella

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Ambarella by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 4,092,534 shares of the semiconductor company’s stock valued at $250,831,000 after purchasing an additional 69,864 shares in the last quarter. BlackRock Inc. lifted its position in shares of Ambarella by 14.9% in the first quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company’s stock worth $422,620,000 after buying an additional 522,698 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Ambarella by 61.9% in the second quarter. Macquarie Group Ltd. now owns 1,640,233 shares of the semiconductor company’s stock worth $107,370,000 after buying an additional 626,893 shares during the last quarter. State Street Corp boosted its stake in shares of Ambarella by 1.7% during the 2nd quarter. State Street Corp now owns 1,459,029 shares of the semiconductor company’s stock worth $122,077,000 after acquiring an additional 24,745 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Ambarella by 3.2% during the 1st quarter. Invesco Ltd. now owns 1,296,706 shares of the semiconductor company’s stock valued at $136,050,000 after acquiring an additional 39,945 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

About Ambarella

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.