ValuEngine Downgrades Ambarella (NASDAQ:AMBA) to Hold

Ambarella (NASDAQ:AMBA) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday, February 4th.

Other analysts have also issued research reports about the company. TheStreet lowered Ambarella from a “c-” rating to a “d” rating in a research note on Friday, November 30th. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a research report on Friday, November 30th. BidaskClub upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research reiterated a “hold” rating on shares of Ambarella in a research report on Monday, November 12th. Finally, Roth Capital boosted their target price on Ambarella to $40.00 and gave the stock a “neutral” rating in a research report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Ambarella currently has an average rating of “Hold” and an average price target of $44.75.

Shares of NASDAQ:AMBA traded down $0.35 during trading on Monday, hitting $40.02. 430,267 shares of the stock were exchanged, compared to its average volume of 331,174. The firm has a market capitalization of $1.31 billion, a PE ratio of 72.76 and a beta of 1.03. Ambarella has a 1-year low of $30.00 and a 1-year high of $55.50.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, November 29th. The semiconductor company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.01). The company had revenue of $57.30 million during the quarter, compared to analyst estimates of $57.12 million. Ambarella had a negative net margin of 9.97% and a negative return on equity of 5.35%. Ambarella’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts anticipate that Ambarella will post -1.02 EPS for the current fiscal year.

In other Ambarella news, VP Christopher Day sold 1,798 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $41.35, for a total value of $74,347.30. Following the completion of the transaction, the vice president now directly owns 16,307 shares of the company’s stock, valued at $674,294.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 7,627 shares of the business’s stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $38.00, for a total value of $289,826.00. Following the completion of the transaction, the chief executive officer now directly owns 406,631 shares of the company’s stock, valued at $15,451,978. The disclosure for this sale can be found here. Insiders sold 16,541 shares of company stock valued at $636,581 in the last quarter. 5.84% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stephens Inc. AR acquired a new position in Ambarella during the fourth quarter valued at approximately $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Ambarella during the fourth quarter valued at approximately $210,000. Paloma Partners Management Co acquired a new position in Ambarella during the fourth quarter valued at approximately $234,000. Fox Run Management L.L.C. acquired a new position in Ambarella during the fourth quarter valued at approximately $244,000. Finally, OLD National Bancorp IN bought a new stake in Ambarella in the third quarter valued at approximately $288,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

About Ambarella

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, 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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Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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