After Today’s Bullish Options Activity, Is Ambarella Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Ambarella Inc's Near Term Analysis Positive?

In today’s session Ambarella Inc (AMBA) registered an unusually high (1,064) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious AMBA increase. With 1,064 contracts traded and 1634 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMBA161021C00077500 closed last at: $1.6 or 166.7% up. About 880,462 shares traded hands. Ambarella Inc (NASDAQ:AMBA) has risen 60.88% since March 1, 2016 and is uptrending. It has outperformed by 51.64% the S&P500.

Ambarella Inc (NASDAQ:AMBA) Ratings Coverage

Out of 21 analysts covering Ambarella Corporation (NASDAQ:AMBA), 15 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 71% are positive. $122 is the highest target while $43 is the lowest. The $78.73 average target is 7.25% above today’s ($73.41) stock price. Ambarella Corporation has been the topic of 44 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Friday, December 4 the stock rating was maintained by Stifel Nicolaus with “Buy”. Pacific Crest maintained Ambarella Inc (NASDAQ:AMBA) rating on Monday, November 23. Pacific Crest has “Overweight” rating and $77.0 price target. The stock of Ambarella Inc (NASDAQ:AMBA) earned “Buy” rating by Pacific Crest on Wednesday, August 26. Roth Capital initiated the shares of AMBA in a report on Thursday, September 29 with “Buy” rating. As per Wednesday, August 26, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by TheStreet to “Buy” on Tuesday, October 13. Deutsche Bank maintained Ambarella Inc (NASDAQ:AMBA) rating on Tuesday, December 1. Deutsche Bank has “Hold” rating and $70 price target. The firm has “Outperform” rating by FBN Securities given on Wednesday, September 2. On Friday, December 4 the stock rating was maintained by Topeka Capital Markets with “Buy”. The company was maintained on Wednesday, September 2 by Dougherty & Company.

Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.33, from 0.73 in 2016Q1. The ratio is positive, as 31 funds sold all Ambarella Inc shares owned while 50 reduced positions. 30 funds bought stakes while 56 increased positions. They now own 16.03 million shares or 1.92% more from 15.73 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) owns 17,680 shares or 0.01% of their US portfolio. Greylin Invest Mangement Inc accumulated 22,830 shares or 0.29% of the stock. Allianz Asset Mngmt Ag has 0% invested in the company for 44,065 shares. Blackrock Group Ltd has 0% invested in the company for 16,372 shares. Employees Retirement Of Texas has 27,000 shares for 0.02% of their US portfolio. Columbia Prtn L L C Investment Management reported 41,924 shares or 0.16% of all its holdings. Stifel Fin holds 0.03% or 132,925 shares in its portfolio. Smithfield Communication last reported 2,000 shares in the company. Spot Trading Limited Liability Company has 0% invested in the company for 3,900 shares. America First Inv Advisors Ltd Liability Company holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 50 shares. Mutual Of America Capital Management Lc holds 148,029 shares or 0.16% of its portfolio. State Street has 497,409 shares for 0% of their US portfolio. Dupont Cap Mgmt Corp holds 0.04% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 32,221 shares. Jane Street Gru Lc last reported 0.01% of its portfolio in the stock. Ftb Advsrs has 2,200 shares for 0.02% of their US portfolio.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 9 insider sales for $3.78 million net activity. 1,173 Ambarella Inc (NASDAQ:AMBA) shares with value of $59,647 were sold by Day Christopher. $329,295 worth of Ambarella Inc (NASDAQ:AMBA) shares were sold by Laplante George. On Friday, September 16 Kohn Leslie sold $373,142 worth of the stock or 5,489 shares. Shares for $650,773 were sold by Wang Feng-Ming on Friday, September 16. $51,960 worth of Ambarella Inc (NASDAQ:AMBA) shares were sold by PAISLEY CHRISTOPHER B.

Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $2.40 billion. The Firm operates through the development and sale of low-power, high-definition video products segment. It has a 55.12 P/E ratio. The Company’s system-on-a-chip creates incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

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