In today’s session Ambarella Inc (AMBA) registered an unusually high (3,288) 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 3,288 contracts traded and 714 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMBA161021C00064000 closed last at: $1.45 or 3.3% down. About 634,651 shares traded hands. Ambarella Inc (NASDAQ:AMBA) has risen 55.71% since March 14, 2016 and is uptrending. It has outperformed by 50.10% 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. Ambarella Corporation has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Chardan Capital Markets with “Neutral” on Monday, March 7. Deutsche Bank maintained Ambarella Inc (NASDAQ:AMBA) rating on Friday, December 4. Deutsche Bank has “Hold” rating and $60 price target. The firm earned “Overweight” rating on Monday, November 23 by Pacific Crest. As per Tuesday, March 29, the company rating was upgraded by Morgan Stanley. The company was maintained on Thursday, September 3 by JMP Securities. As per Tuesday, August 30, the company rating was maintained by KeyBanc Capital Markets. On Tuesday, September 29 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Zacks downgraded the shares of AMBA in a report on Friday, September 4 to “Sell” rating. Dougherty & Company upgraded the shares of AMBA in a report on Thursday, February 4 to “Buy” rating. Deutsche Bank maintained Ambarella Inc (NASDAQ:AMBA) rating on Friday, June 3. Deutsche Bank has “Hold” rating and $47 price target.
According to Zacks Investment Research, “Ambarella, Inc. develops video compression and image processing semiconductors. The Company’s products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California.”
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.
Shell Asset Management Company accumulated 0.24% or 206,449 shares. The New York-based Goldman Sachs Grp has invested 0% in Ambarella Inc (NASDAQ:AMBA). Scout Investments holds 0.35% or 250,061 shares in its portfolio. Federated Pa accumulated 0% or 430 shares. First Interstate National Bank holds 2,167 shares or 0.02% of its portfolio. Allianz Asset Ag, a Germany-based fund reported 44,065 shares. Pinnacle reported 523,929 shares or 0.57% of all its holdings. Morgan Stanley accumulated 0.01% or 451,092 shares. Seven Eight Ltd Liability Co has 3,212 shares for 0.06% of their US portfolio. Moreover, Raymond James Advsr Inc has 0.01% invested in Ambarella Inc (NASDAQ:AMBA) for 16,800 shares. Blackrock Institutional Tru Na has invested 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA). Sit Invest Associates last reported 35,100 shares in the company. White Pine Limited Liability Corporation holds 9,195 shares or 0.2% of its portfolio. The Massachusetts-based Redwood Invests Limited Liability Corporation has invested 0.49% in Ambarella Inc (NASDAQ:AMBA). Columbia Prns L L C Investment Mgmt holds 0.16% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 41,924 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 13 sales for $5.50 million net activity. Shares for $95,512 were sold by Day Christopher. Kohn Leslie sold 5,489 shares worth $373,142. Shares for $2.01M were sold by Laplante George on Wednesday, September 7. Chen Yun-Lung sold $311,375 worth of stock. 9,573 shares with value of $650,773 were sold by Wang Feng-Ming on Friday, September 16. 1,000 shares were sold by PAISLEY CHRISTOPHER B, worth $51,960 on Wednesday, June 15.
Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $2.05 billion. The Firm operates through the development and sale of low-power, high-definition video products segment. It has a 47.58 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.
AMBA Company Profile
Ambarella, Inc., incorporated on January 15, 2004, is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Firm operates through the development and sales of low-power, high-definition video products segment. The Company’s system-on-a-chip (SoC) creates incorporate HD video processing, image processing, audio processing and system functions onto a single chip. In the camera market, its platform enables the creation of video content in wearable cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs). In the infrastructure market, the Company’s solutions manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications.
More recent Ambarella Inc (NASDAQ:AMBA) news were published by: Fool.com which released: “Better Buy: GoPro, Inc. or Ambarella, Inc?” on October 05, 2016. Also Fool.com published the news titled: “3 Reasons Ambarella Inc. Stock Could Fall” on October 04, 2016. Profitconfidential.com‘s news article titled: “Ambarella Inc: Why AMBA Stock Can Run Another 10-25%” with publication date: October 04, 2016 was also an interesting one.
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