BidaskClub lowered shares of Ambarella (NASDAQ:AMBA) from a hold rating to a sell rating in a research report released on Saturday morning.

AMBA has been the subject of a number of other reports. Zacks Investment Research raised shares of Ambarella from a sell rating to a hold rating in a research report on Wednesday, November 1st. Needham & Company LLC reaffirmed a hold rating on shares of Ambarella in a research report on Friday, December 1st. UBS Group raised shares of Ambarella from a market perform rating to an outperform rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a buy rating and set a $62.00 price objective (up from $52.00) on shares of Ambarella in a research report on Wednesday, November 22nd. Finally, Morgan Stanley lifted their price objective on shares of Ambarella from $60.00 to $65.00 and gave the stock an overweight rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $60.14.

Ambarella (NASDAQ AMBA) traded up $0.25 during mid-day trading on Friday, reaching $54.92. 947,794 shares of the company’s stock were exchanged, compared to its average volume of 1,320,000. Ambarella has a 1 year low of $40.06 and a 1 year high of $66.23. The company has a market capitalization of $1,830.00, a PE ratio of 52.81, a price-to-earnings-growth ratio of 5.32 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, November 30th. The semiconductor company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The firm had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. During the same period in the previous year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. analysts expect that Ambarella will post 0.7 earnings per share for the current fiscal year.

In other news, VP Yun-Lung Chen sold 11,340 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $59.80, for a total value of $678,132.00. Following the completion of the sale, the vice president now owns 11,386 shares of the company’s stock, valued at $680,882.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leslie Kohn sold 4,614 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $57.69, for a total transaction of $266,181.66. Following the completion of the sale, the insider now directly owns 906,766 shares of the company’s stock, valued at approximately $52,311,330.54. The disclosure for this sale can be found here. In the last three months, insiders sold 36,553 shares of company stock valued at $2,145,108. 5.80% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised its stake in Ambarella by 3.6% in the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 143 shares in the last quarter. Legal & General Group Plc raised its stake in Ambarella by 2.6% in the second quarter. Legal & General Group Plc now owns 11,127 shares of the semiconductor company’s stock valued at $543,000 after purchasing an additional 285 shares in the last quarter. Victory Capital Management Inc. raised its stake in Ambarella by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 337 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Ambarella by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 24,951 shares of the semiconductor company’s stock valued at $1,212,000 after purchasing an additional 376 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Ambarella by 17.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 734 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

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Ambarella Company Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

Analyst Recommendations for Ambarella (NASDAQ:AMBA)

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