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

by · The Markets Daily

Ambarella (NASDAQ:AMBA – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other equities analysts also recently weighed in on the company. Roth Mkm reiterated a “neutral” rating and set a $60.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. Susquehanna raised their target price on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. TD Cowen upped their price target on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Morgan Stanley boosted their price target on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $82.92.

Check Out Our Latest Report on Ambarella

Ambarella Stock Performance

AMBA stock opened at $72.31 on Tuesday. The company has a 50 day moving average price of $61.88 and a two-hundred day moving average price of $56.64. The stock has a market capitalization of $2.98 billion, a P/E ratio of -18.73 and a beta of 1.68. Ambarella has a one year low of $39.69 and a one year high of $81.32.

Insider Activity

In other news, CFO John Alexander Young sold 2,139 shares of the firm’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 transaction of $114,522.06. Following the completion of the sale, the chief financial officer now owns 103,529 shares of the company’s stock, valued at approximately $5,542,942.66. This trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Day sold 483 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82. Following the completion of the sale, the vice president now directly owns 21,370 shares in the company, valued at $1,144,149.80. This represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,474 shares of company stock worth $1,246,694 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Ambarella

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Ambarella in the 2nd quarter worth approximately $26,000. Blue Trust Inc. lifted its stake in Ambarella by 180.3% in the third 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. CWM LLC increased its holdings in shares of Ambarella by 127.7% in the 2nd 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. Signaturefd LLC grew its position in Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 842 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

About Ambarella

(Get Free Report)

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.

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