Ambarella Inc’s Stock Is Sell After Today’s Bearish Options Activity

 Ambarella Inc's Stock Is Sell After Today's Bearish Options Activity

In today’s session Ambarella Inc (AMBA) recorded an unusually high (852) 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 852 contracts traded and 14194 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: AMBA161118P00062500 closed last at: $0.65 or 13.3% down. About 68,338 shares traded hands. Ambarella Inc (NASDAQ:AMBA) has risen 41.76% since April 20, 2016 and is uptrending. It has outperformed by 37.20% 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. On Tuesday, September 29 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The stock of Ambarella Inc (NASDAQ:AMBA) earned “Hold” rating by Deutsche Bank on Friday, June 3. As per Wednesday, December 23, the company rating was initiated by Craig Hallum. KeyBanc Capital Markets maintained Ambarella Inc (NASDAQ:AMBA) rating on Tuesday, August 30. KeyBanc Capital Markets has “Overweight” rating and $75 price target. FBN Securities maintained Ambarella Inc (NASDAQ:AMBA) rating on Friday, December 4. FBN Securities has “Outperform” rating and $70 price target. Canaccord Genuity maintained Ambarella Inc (NASDAQ:AMBA) on Friday, September 2 with “Buy” rating. Pacific Crest maintained Ambarella Inc (NASDAQ:AMBA) on Thursday, September 3 with “Overweight” rating. On Friday, December 4 the stock rating was maintained by Deutsche Bank with “Hold”. As per Friday, September 4, the company rating was downgraded by Zacks. The firm has “Buy” rating by Ascendiant Capital Markets given on Wednesday, September 2.

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 1.18 in Q2 2016. Its up 0.12, from 1.06 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.
Voya Invest Management Limited Com holds 13,498 shares or 0% of its portfolio. Ladenburg Thalmann Financial Serv Incorporated owns 5,149 shares or 0% of their US portfolio. The France-based Credit Agricole S A has invested 0% in Ambarella Inc (NASDAQ:AMBA). Guggenheim Capital Llc has 11,173 shares for 0% of their US portfolio. Clearbridge Invs Limited Liability Com has invested 0.02% of its portfolio in Ambarella Inc (NASDAQ:AMBA). The Massachusetts-based Geode Limited Liability has invested 0% in Ambarella Inc (NASDAQ:AMBA). Lucus Advisors Ltd Com has 6,839 shares for 0.28% of their US portfolio. The New York-based Eminence Capital Lp has invested 0.23% in Ambarella Inc (NASDAQ:AMBA). Pinnacle Assocs Limited holds 523,929 shares or 0.57% of its portfolio. First Mercantile holds 0.04% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 6,200 shares. Goelzer Inv Management has 0.44% invested in the company for 62,112 shares. Scout Invests Inc last reported 0.35% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 17,680 shares. Invesco has invested 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA). Royal Bancshares Of Canada, a Ontario – Canada-based fund reported 14,198 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 13 selling transactions for $5.50 million net activity. The insider Laplante George sold $700,000. Shares for $417,523 were sold by Day Christopher on Tuesday, September 27. 1,000 Ambarella Inc (NASDAQ:AMBA) shares with value of $69,130 were sold by PAISLEY CHRISTOPHER B. The insider Kohn Leslie sold 5,489 shares worth $373,142. Wang Feng-Ming sold $650,773 worth of stock or 9,573 shares. Chen Yun-Lung sold $311,375 worth of stock or 4,197 shares.

Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $2.03 billion. The Firm operates through the development and sale of low-power, high-definition video products segment. It has a 47.01 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 important recent Ambarella Inc (NASDAQ:AMBA) news were published by: Fool.com which released: “3 Reasons Ambarella Inc. Stock Could Fall” on October 04, 2016, also Fool.com published article titled: “Is Now the Time to Buy Ambarella, Inc. Stock?”, Fool.com published: “What to Expect When Ambarella, Inc. Reports” on August 29, 2016. More interesting news about Ambarella Inc (NASDAQ:AMBA) was released by: Fool.com and their article: “Better Buy: Ambarella, Inc. vs. NVIDIA” with publication date: September 22, 2016.

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