Ambarella (NASDAQ:AMBA) Upgraded at StockNews.com

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

Other equities analysts have also recently issued reports about the company. Susquehanna raised their price objective on Ambarella from $70.00 to $80.00 and gave the company a positive rating in a research note on Wednesday, February 28th. Needham & Company LLC reiterated a buy rating and set a $90.00 target price on shares of Ambarella in a research note on Wednesday, February 28th. Morgan Stanley lifted their price objective on Ambarella from $67.00 to $73.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company lowered Ambarella from an overweight rating to an equal weight rating and reduced their target price for the company from $85.00 to $65.00 in a report 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. According to MarketBeat, Ambarella presently has an average rating of Moderate Buy and a consensus target price of $71.75.

Ambarella Stock Down 1.3 %

Shares of AMBA opened at $45.59 on Friday. Ambarella has a 12-month low of $43.59 and a 12-month high of $89.18. The business’s fifty day moving average is $52.51 and its 200 day moving average is $54.15. The stock has a market cap of $1.87 billion, a P/E ratio of -10.75 and a beta of 1.66.

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

Insider Buying and Selling at Ambarella

In other news, COO Chan W. Lee sold 1,075 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $49.27, for a total value of $52,965.25. Following the completion of the sale, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 completion of the transaction, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Feng-Ming Wang sold 2,173 shares of the firm’s stock in a transaction dated 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 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 valued at $327,595 in the last quarter. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Ambarella

A number of large investors have recently made changes to their positions in AMBA. Counterpoint Mutual Funds LLC purchased a new position in Ambarella during the first quarter valued at approximately $277,000. Vanguard Group Inc. increased its position in Ambarella by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 4,092,534 shares of the semiconductor company’s stock valued at $250,831,000 after acquiring an additional 69,864 shares during the last quarter. Neo Ivy Capital Management bought a new position in Ambarella during the fourth quarter valued at $239,000. Price T Rowe Associates Inc. MD increased its position in Ambarella by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,073 shares of the semiconductor company’s stock valued at $1,169,000 after acquiring an additional 1,219 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Ambarella by 37.2% in the fourth quarter. Legal & General Group Plc now owns 456,646 shares of the semiconductor company’s stock worth $27,988,000 after purchasing an additional 123,817 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.

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.