Notable Mover: Can Ambarella Inc’s Tomorrow be Different? The Stock Declines Again

Notable Mover: Can Ambarella Inc's Tomorrow be Different? The Stock Declines Again

The stock of Ambarella Inc (NASDAQ:AMBA) is a huge mover today! About 786,992 shares traded hands. Ambarella Inc (NASDAQ:AMBA) has risen 31.52% since April 6, 2016 and is uptrending. It has outperformed by 29.56% the S&P500.
The move comes after 8 months negative chart setup for the $1.89B company. It was reported on Nov, 8 by Barchart.com. We have $52.39 PT which if reached, will make NASDAQ:AMBA worth $151.20 million less.

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 stock of Ambarella Inc (NASDAQ:AMBA) earned “Sell” rating by Zacks on Friday, September 4. The firm earned “Buy” rating on Thursday, February 4 by Dougherty & Company. Canaccord Genuity maintained the shares of AMBA in a report on Friday, September 2 with “Buy” rating. The stock of Ambarella Inc (NASDAQ:AMBA) earned “Overweight” rating by Pacific Crest on Thursday, September 3. The stock of Ambarella Inc (NASDAQ:AMBA) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 26. The rating was maintained by Pacific Crest with “Overweight” on Monday, November 23. The stock has “Outperform” rating given by JMP Securities on Thursday, September 3. The firm has “Buy” rating given on Friday, December 4 by Stifel Nicolaus. The stock of Ambarella Inc (NASDAQ:AMBA) earned “Buy” rating by Roth Capital on Thursday, September 29. FBN Securities maintained Ambarella Inc (NASDAQ:AMBA) rating on Friday, December 4. FBN Securities has “Outperform” rating and $70 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 Q2 2016. Its up 0.33, from 0.73 in 2016Q1. The ratio increased, 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.
Moreover, Stifel Corporation has 0.03% invested in Ambarella Inc (NASDAQ:AMBA) for 132,925 shares. Snow Cap Mngmt Lp holds 0.06% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 23,580 shares. Security Natl Trust has 1,200 shares for 0.02% of their US portfolio. D E Shaw And accumulated 0.04% or 378,815 shares. Columbus Circle Investors owns 285,488 shares or 0.15% of their US portfolio. Invesco last reported 5,781 shares in the company. Employees Retirement Of Texas last reported 27,000 shares in the company. California State Teachers Retirement last reported 67,250 shares in the company. Putnam Invests Limited Co holds 42,158 shares or 0.01% of its portfolio. State Street reported 497,409 shares or 0% of all its holdings. Alliancebernstein L P accumulated 0% or 47,840 shares. First Mercantile Trust accumulated 6,200 shares or 0.04% of the stock. Deutsche Fincl Bank Ag last reported 0% of its portfolio in the stock. Victory Cap Inc, a Ohio-based fund reported 1,057 shares. Kings Point Mgmt last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 13 selling transactions for $5.50 million net activity. 5,489 shares were sold by Kohn Leslie, worth $373,142. PAISLEY CHRISTOPHER B sold $69,130 worth of stock. Shares for $296,135 were sold by Day Christopher on Thursday, September 29. Wang Feng-Ming had sold 9,573 shares worth $650,773. 10,000 shares were sold by Laplante George, worth $700,000. Chen Yun-Lung also sold $311,375 worth of Ambarella Inc (NASDAQ:AMBA) shares.

More news for Ambarella Inc (NASDAQ:AMBA) were recently published by: Fool.com, which released: “Is Now the Time to Buy Ambarella, Inc. Stock?” on October 18, 2016. Profitconfidential.com‘s article titled: “AMBA Stock: Here’s How Ambarella Inc Could Soar in 2017” and published on October 22, 2016 is yet another important article.

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.

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