Ambarella (NASDAQ:AMBA) Upgraded at StockNews.com

StockNews.com upgraded shares of Ambarella (NASDAQ:AMBA) to a sell rating in a research note issued to investors on Saturday.

AMBA has been the subject of several other reports. Susquehanna upped 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. Needham & Company LLC restated a buy rating and set a $90.00 target price on shares of Ambarella in a research note on Wednesday, February 28th. Morgan Stanley upped their target price on Ambarella from $67.00 to $73.00 and gave the stock an overweight rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company cut Ambarella from an overweight rating to an equal weight rating and cut their target price for the stock from $85.00 to $65.00 in a research note on Wednesday, January 3rd. One research analyst has 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 presently has a consensus rating of Moderate Buy and an average price target of $71.75.

Ambarella Stock Performance

Ambarella stock opened at $45.59 on Friday. Ambarella has a 52 week low of $43.59 and a 52 week high of $89.18. The stock has a market capitalization of $1.87 billion, a P/E ratio of -10.75 and a beta of 1.66. The stock has a 50-day simple moving average of $52.51 and a 200 day simple moving average of $54.15.

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

Insider Activity at Ambarella

In other news, CEO Feng-Ming Wang sold 2,173 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 value of $107,063.71. Following the completion of the sale, the chief executive officer now directly owns 806,632 shares in the company, valued at approximately $39,742,758.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CTO Leslie Kohn sold 1,198 shares of Ambarella 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 completion of the transaction, the chief technology officer now directly owns 964,664 shares in the company, 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 this link. Also, CEO Feng-Ming Wang sold 2,173 shares of Ambarella stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 806,632 shares of the company’s stock, valued at $39,742,758.64. The disclosure for this sale can be found here. Insiders sold 6,648 shares of company stock worth $327,595 over the last three months. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Ambarella

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Ambarella by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 4,092,534 shares of the semiconductor company’s stock worth $250,831,000 after purchasing an additional 69,864 shares during the last quarter. BlackRock Inc. grew its holdings in 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 purchasing an additional 522,698 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Ambarella by 61.9% during the second quarter. Macquarie Group Ltd. now owns 1,640,233 shares of the semiconductor company’s stock valued at $107,370,000 after buying an additional 626,893 shares during the last quarter. State Street Corp lifted its position in Ambarella by 1.7% during the second quarter. State Street Corp now owns 1,459,029 shares of the semiconductor company’s stock valued at $122,077,000 after purchasing an additional 24,745 shares during the period. Finally, Invesco Ltd. lifted its position in Ambarella by 3.2% during the first quarter. Invesco Ltd. now owns 1,296,706 shares of the semiconductor company’s stock valued at $136,050,000 after purchasing an additional 39,945 shares during the period. 82.09% of the stock is owned by institutional investors.

Ambarella Company Profile

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.