Ambarella (NASDAQ:AMBA) Stock Rating Upgraded by StockNews.com

Ambarella (NASDAQ:AMBA) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report released on Friday.

Several other research analysts also recently commented on AMBA. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Ambarella in a report on Wednesday, February 28th. Wells Fargo & Company downgraded shares of Ambarella from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $85.00 to $65.00 in a report on Wednesday, January 3rd. Susquehanna raised their price objective on shares of Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a report on Wednesday, February 28th. Morgan Stanley increased their target price on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Bank of America lowered their price objective on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $71.08.

Ambarella Stock Performance

Shares of AMBA stock opened at $43.09 on Friday. Ambarella has a 52-week low of $40.31 and a 52-week high of $89.18. The company has a 50-day simple moving average of $50.42 and a two-hundred day simple moving average of $53.48. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -10.16 and a beta of 1.66.

Ambarella (NASDAQ:AMBA) last released its 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 firm had revenue of $51.62 million during the quarter, compared to the consensus estimate of $51.68 million. On average, sell-side analysts forecast that Ambarella will post -3.53 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Ambarella

A number of large investors have recently modified their holdings of the stock. Tributary Capital Management LLC raised its holdings in shares of Ambarella by 20.2% during the fourth quarter. Tributary Capital Management LLC now owns 225,937 shares of the semiconductor company’s stock valued at $13,848,000 after purchasing an additional 38,018 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Ambarella by 1,300.9% during the third quarter. Quantbot Technologies LP now owns 22,709 shares of the semiconductor company’s stock valued at $1,204,000 after purchasing an additional 21,088 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $15,616,000 after purchasing an additional 10,774 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Ambarella during the third quarter valued at approximately $614,000. Finally, Deutsche Bank AG raised its holdings in shares of Ambarella by 49.8% during the third quarter. Deutsche Bank AG now owns 26,832 shares of the semiconductor company’s stock valued at $1,423,000 after purchasing an additional 8,921 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

About Ambarella

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.