In today’s session Ambarella Inc (AMBA) recorded an unusually high (347) 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 347 contracts traded and 7294 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: AMBA161118P00050000 closed last at: $0.2 or 33.3% down. About 179,556 shares traded hands. Ambarella Inc (NASDAQ:AMBA) has risen 31.78% since April 11, 2016 and is uptrending. It has outperformed by 25.64% 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 $78.79 average target is 35.38% above today’s ($58.2) stock price. Ambarella Corporation has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by Barrington Research given on Thursday, September 3. On Tuesday, September 29 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was maintained by Deutsche Bank with “Hold” on Friday, June 3. On Monday, August 10 the stock rating was downgraded by Zacks to “Buy”. The rating was upgraded by Dougherty & Company on Thursday, February 4 to “Buy”. On Thursday, September 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Stifel Nicolaus on Friday, December 4 with “Buy”. The firm has “Overweight” rating given on Thursday, September 3 by Pacific Crest. The firm has “Hold” rating by Deutsche Bank given on Tuesday, December 1. The firm has “Outperform” rating given on Wednesday, September 2 by FBN Securities.
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 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.
Moreover, Susquehanna Group Llp has 0.01% invested in Ambarella Inc (NASDAQ:AMBA) for 432,904 shares. Pinnacle Assocs Ltd reported 523,929 shares or 0.57% of all its holdings. Security Trust holds 1,200 shares or 0.02% of its portfolio. First Mercantile Tru holds 0.04% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 6,200 shares. The California-based Dalton Investments Ltd Limited Liability Company has invested 0.58% in Ambarella Inc (NASDAQ:AMBA). The Pennsylvania-based Brick & Kyle Assoc has invested 0.12% in Ambarella Inc (NASDAQ:AMBA). Parallax Volatility Advisers Ltd Partnership last reported 2,952 shares in the company. Bowen Hanes Inc reported 4,500 shares or 0.01% of all its holdings. First Interstate Bancshares, a Montana-based fund reported 2,167 shares. Teachers Advsrs Incorporated owns 50,653 shares or 0% of their US portfolio. Vantage Inv Advsr Ltd Company has invested 0.01% of its portfolio in Ambarella Inc (NASDAQ:AMBA). California State Teachers Retirement accumulated 67,250 shares or 0.01% of the stock. Moreover, Teacher Retirement Of Texas has 0% invested in Ambarella Inc (NASDAQ:AMBA) for 4,441 shares. The Missouri-based Stifel Corporation has invested 0.03% in Ambarella Inc (NASDAQ:AMBA). Moreover, Cambridge Inv Advsrs Inc has 0.02% invested in Ambarella Inc (NASDAQ:AMBA) for 14,155 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 13 selling transactions for $5.50 million net activity. Shares for $373,142 were sold by Kohn Leslie on Friday, September 16. 1,000 shares were sold by PAISLEY CHRISTOPHER B, worth $69,130. $59,647 worth of Ambarella Inc (NASDAQ:AMBA) shares were sold by Day Christopher. Wang Feng-Ming had sold 9,573 shares worth $650,773. $700,000 worth of shares were sold by Laplante George on Thursday, September 29. Chen Yun-Lung sold 4,197 shares worth $311,375.
Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $1.91 billion. The Firm operates through the development and sale of low-power, high-definition video products segment. It has a 43.92 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 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.
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