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

StockNews.com downgraded shares of Ambarella (NASDAQ:AMBA) from a hold rating to a sell rating in a research note published on Tuesday morning.

Other analysts also recently issued reports about the company. Craig Hallum raised their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Bank of America boosted their price objective on Ambarella from $57.00 to $65.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. Stifel Nicolaus upped their price objective on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. Finally, Needham & Company LLC upped their price target on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.92.

Ambarella Price Performance

NASDAQ AMBA opened at $73.09 on Tuesday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -18.94 and a beta of 1.68. Ambarella has a one year low of $39.69 and a one year high of $81.32. The business’s fifty day moving average is $62.20 and its 200-day moving average is $56.75.

Insider Buying and Selling at Ambarella

In other news, COO Chan W. Lee sold 1,490 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $79,774.60. Following the completion of the sale, the chief operating officer now directly owns 121,406 shares in the company, valued at approximately $6,500,077.24. The trade was a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher Day sold 483 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82. Following the sale, the vice president now owns 21,370 shares of the company’s stock, valued at approximately $1,144,149.80. The trade was a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,474 shares of company stock valued at $1,246,694 in the last three months. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

A number of hedge funds and other institutional investors have recently made changes to their positions in AMBA. Azzad Asset Management Inc. ADV boosted its stake in Ambarella by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 231 shares in the last quarter. Versor Investments LP raised its stake in shares of Ambarella by 5.9% in the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 256 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Ambarella by 6.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 285 shares during the period. CWM LLC grew its stake in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the period. Finally, Blue Trust Inc. raised its stake in Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Company Profile

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.