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

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

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

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $45.24 on Friday. The firm has a 50 day moving average price of $50.26 and a two-hundred day moving average price of $53.40. The stock has a market cap of $1.85 billion, a P/E ratio of -10.67 and a beta of 1.66. Ambarella has a 52-week low of $40.31 and a 52-week high of $89.18.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data 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. The business had revenue of $51.62 million during 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%. Analysts predict that Ambarella will post -3.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Chan W. Lee sold 1,075 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 value of $52,965.25. Following the completion of the sale, the chief operating officer now owns 124,146 shares of the company’s stock, valued at approximately $6,116,673.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ambarella 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 value of $59,025.46. Following the sale, the chief technology officer now owns 964,664 shares of the company’s stock, valued at $47,528,995.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Chan W. Lee sold 1,075 shares of the 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 $52,965.25. Following the transaction, the chief operating officer now directly owns 124,146 shares of the company’s stock, valued at $6,116,673.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,648 shares of company stock worth $327,595. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Several institutional investors have recently bought and sold shares of AMBA. Acadian Asset Management LLC purchased a new stake in Ambarella in the third quarter worth $66,000. DekaBank Deutsche Girozentrale bought a new position in shares of Ambarella during the 4th quarter worth $78,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Ambarella by 39.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,546 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 436 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in Ambarella by 52.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,656 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 569 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Ambarella by 36.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 381 shares during the period. Hedge funds and other 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.