Ambarella (AMBA) and Silicon Labs (SLAB) Stand Out as Acquisition Candidates - KeyBanc

July 8, 2019 8:27 AM EDT
Get Alerts AMBA Hot Sheet
Price: $106.43 +1.85%

Rating Summary:
    14 Buy, 6 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 5 | New: 41
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KeyBanc analyst John Vinh reiterated an Overweight rating Ambarella (NASDAQ: AMBA) and Silicon Labs (NASDAQ: SLAB) citing the two companies as the Semis most likely to be acquired as the M&A landscape heats up.

The analyst stated "With semiconductor M&A activity starting to heat up again, we are updating our model and framework, which consists of a multi-factor quant model and qualitative analytics. Underlying the consolidation, we see: 1) diversification into secular growth areas in IoT, automotive, and cloud; and 2) increased scale and customer breadth, as key underlying deal drivers within the space. We expect further consolidation to continue, but note U.S./China political tensions and uncertainty regarding regulatory approvals could limit larger scale M&A. Companies that could be acquired next include AMBA or SLAB".

For an analyst ratings summary and ratings history on Ambarella click here. For more ratings news on Ambarella click here.

Shares of Ambarella closed at $44.50 yesterday.

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