Ambarella (NASDAQ:AMBA) Rating Lowered to D+ at TheStreet

TheStreet cut shares of Ambarella (NASDAQ:AMBA) from a c- rating to a d+ rating in a research report sent to investors on Wednesday, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Ambarella from a hold rating to a buy rating in a report on Saturday, March 30th. Northland Securities reaffirmed a buy rating on shares of Ambarella in a report on Wednesday, March 6th. Craig Hallum upgraded shares of Ambarella from a hold rating to a buy rating and set a $53.00 price target on the stock in a research report on Wednesday, March 6th. BidaskClub upgraded shares of Ambarella from a hold rating to a buy rating in a research report on Wednesday, February 27th. Finally, Bank of America reiterated an underperform rating and set a $42.00 price target (up previously from $36.00) on shares of Ambarella in a research report on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $45.00.

AMBA opened at $42.09 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.03 and a current ratio of 9.84. Ambarella has a twelve month low of $30.00 and a twelve month high of $52.12. The stock has a market capitalization of $1.38 billion, a PE ratio of -37.92 and a beta of 1.30.

In other Ambarella news, insider Leslie Kohn sold 3,571 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $43.48, for a total transaction of $155,267.08. Following the transaction, the insider now directly owns 918,306 shares in the company, valued at approximately $39,927,944.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher Day sold 3,700 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $43.23, for a total transaction of $159,951.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,566 shares of company stock worth $673,618. 6.31% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Ambarella by 4,210.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,481 shares of the semiconductor company’s stock worth $12,550,000 after acquiring an additional 316,953 shares in the last quarter. KBC Group NV bought a new position in shares of Ambarella during the 4th quarter worth approximately $397,000. Rhumbline Advisers grew its stake in shares of Ambarella by 39.7% during the 4th quarter. Rhumbline Advisers now owns 45,222 shares of the semiconductor company’s stock worth $1,582,000 after acquiring an additional 12,853 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Ambarella during the 4th quarter worth approximately $210,000. Finally, Stephens Inc. AR bought a new position in shares of Ambarella in the fourth quarter valued at $206,000. 74.85% of the stock is owned by institutional investors and hedge funds.

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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