In today’s session Ambarella Inc (AMBA) recorded an unusually high (616) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious AMBA decrease. With 616 contracts traded and 22904 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: AMBA161118P00065000 closed last at: $5.3 or 1.9% up. About 120,824 shares traded hands. Ambarella Inc (NASDAQ:AMBA) has risen 38.60% since March 30, 2016 and is uptrending. It has outperformed by 35.58% 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 $78.79 average target is 28.74% above today’s ($61.2) stock price. Ambarella Corporation has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Chardan Capital Markets given on Monday, March 7. Stifel Nicolaus maintained Ambarella Inc (NASDAQ:AMBA) on Friday, December 4 with “Buy” rating. The stock of Ambarella Inc (NASDAQ:AMBA) has “Buy” rating given on Thursday, September 29 by Roth Capital. Zacks downgraded the shares of AMBA in a report on Friday, September 4 to “Sell” rating. The company was maintained on Wednesday, August 26 by Pacific Crest. Vetr upgraded it to “Strong-Buy” rating and $98.44 target price in Thursday, September 3 report. The firm earned “Hold” rating on Wednesday, September 2 by Needham. The stock of Ambarella Inc (NASDAQ:AMBA) earned “Buy” rating by Stifel Nicolaus on Thursday, September 3. The rating was maintained by Pacific Crest with “Overweight” on Monday, November 23. The rating was maintained by FBN Securities on Friday, December 4 with “Outperform”.
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 Q2 2016. Its up 0.33, from 0.73 in 2016Q1. The ratio improved, 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.
New York State Common Retirement Fund holds 48,410 shares or 0% of its portfolio. Vanguard Grp Inc last reported 0.01% of its portfolio in the stock. Bowen Hanes & last reported 4,500 shares in the company. Juncture Wealth Strategies Ltd Liability accumulated 0.2% or 5,650 shares. Kings Point Capital Mgmt reported 350 shares or 0% of all its holdings. Wells Fargo & Co Mn holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 42,981 shares. American International Gp Inc reported 18,435 shares or 0% of all its holdings. Thrivent Fincl For Lutherans accumulated 148,691 shares or 0.04% of the stock. Putnam Invests Ltd Liability has 42,158 shares for 0.01% of their US portfolio. State Street has 497,409 shares for 0% of their US portfolio. The Colorado-based Elk Creek Partners Ltd Limited Liability Company has invested 0.68% in Ambarella Inc (NASDAQ:AMBA). Benjamin F Edwards Com Inc last reported 0.03% of its portfolio in the stock. Goldman Sachs Group Inc, a New York-based fund reported 134,772 shares. Blackrock Institutional Trust Na accumulated 305,334 shares or 0% of the stock. Employees Retirement System Of Texas has 0.02% invested in the company for 27,000 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 13 selling transactions for $5.50 million net activity. Another trade for 1,000 shares valued at $69,130 was sold by PAISLEY CHRISTOPHER B. Day Christopher sold $134,000 worth of stock. Shares for $373,142 were sold by Kohn Leslie on Friday, September 16. Laplante George also sold $2.01 million worth of Ambarella Inc (NASDAQ:AMBA) on Wednesday, September 7. 9,573 shares were sold by Wang Feng-Ming, worth $650,773. Chen Yun-Lung sold $311,375 worth of stock.
Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $2.00 billion. The Firm operates through the development and sale of low-power, high-definition video products segment. It has a 46.18 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 notable recent Ambarella Inc (NASDAQ:AMBA) news were published by: Fool.com which released: “Is Now the Time to Buy Ambarella, Inc. Stock?” on October 18, 2016, also Fool.com with their article: “3 Reasons Ambarella Inc. Stock Could Fall” published on October 04, 2016, Fool.com published: “Better Buy: GoPro, Inc. or Ambarella, Inc?” on October 05, 2016. More interesting news about Ambarella Inc (NASDAQ:AMBA) were released by: Profitconfidential.com and their article: “AMBA Stock: Here’s How Ambarella Inc Could Soar in 2017” published on October 22, 2016 as well as Profitconfidential.com‘s news article titled: “Ambarella Inc: Why AMBA Stock Can Run Another 10-25%” with publication date: October 04, 2016.
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