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

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

Other research analysts have also issued research 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 stock from $85.00 to $65.00 in a research report on Wednesday, January 3rd. Morgan Stanley raised their price objective on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Bank of America dropped their price objective on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating for the company in a report on Tuesday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Ambarella in a research note on Wednesday, February 28th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ambarella currently has an average rating of “Hold” and a consensus target price of $71.08.

Ambarella Stock Up 1.9 %

AMBA stock traded up $0.79 during mid-day trading on Friday, reaching $43.09. 549,763 shares of the stock traded hands, compared to its average volume of 556,946. Ambarella has a 52 week low of $40.31 and a 52 week high of $89.18. The business has a 50-day moving average of $50.42 and a two-hundred day moving average of $53.49. The firm has a market capitalization of $1.76 billion, a PE ratio of -10.16 and a beta of 1.66.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Tuesday, February 27th. The semiconductor company reported ($0.95) EPS for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.03. The business had revenue of $51.62 million during the quarter, compared to analyst estimates 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 research analysts anticipate that Ambarella will post -3.53 EPS for the current fiscal year.

Insider Buying and Selling at Ambarella

In other news, CEO Feng-Ming Wang sold 2,173 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 transaction of $107,063.71. Following the transaction, the chief executive officer now directly owns 806,632 shares of the company’s stock, valued at $39,742,758.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Feng-Ming Wang sold 2,173 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 transaction of $107,063.71. Following the sale, the chief executive officer now directly owns 806,632 shares in the company, valued at $39,742,758.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $52,965.25. Following the sale, the chief operating officer now owns 124,146 shares in the company, valued at $6,116,673.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,648 shares of company stock valued at $327,595. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ambarella

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ambarella by 2.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 195 shares during the last quarter. White Pine Capital LLC grew its position in shares of Ambarella by 3.2% in the 4th quarter. White Pine Capital LLC now owns 7,552 shares of the semiconductor company’s stock valued at $463,000 after acquiring an additional 234 shares during the period. Sheets Smith Wealth Management grew its position in shares of Ambarella by 4.4% in the 4th quarter. Sheets Smith Wealth Management now owns 6,588 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 275 shares during the period. Mcdonald Partners LLC boosted its holdings in shares of Ambarella by 1.5% during the 3rd quarter. Mcdonald Partners LLC now owns 20,771 shares of the semiconductor company’s stock worth $1,101,000 after buying an additional 300 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Ambarella by 2.8% during the 4th quarter. Raymond James & Associates now owns 11,114 shares of the semiconductor company’s stock worth $681,000 after buying an additional 307 shares during the period. 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 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.