The stock of Ambarella Inc (NASDAQ:AMBA) is a huge mover today! The stock increased 4.95% or $3.08 on November 23, hitting $65.36. About 1.19 million shares traded hands or 35.12% up from the average. Ambarella Inc (NASDAQ:AMBA) has risen 46.65% since April 22, 2016 and is uptrending. It has outperformed by 41.24% the S&P500.
The move comes after 7 months positive chart setup for the $2.14 billion company. It was reported on Nov, 24 by Barchart.com. We have $70.59 PT which if reached, will make NASDAQ:AMBA worth $171.20 million more.
Analysts await Ambarella Inc (NASDAQ:AMBA) to report earnings on December, 1 after the close. They expect $0.68 EPS, down 21.84% or $0.19 from last year’s $0.87 per share. AMBA’s profit will be $22.26 million for 24.03 P/E if the $0.68 EPS becomes a reality. After $0.25 actual EPS reported by Ambarella Inc for the previous quarter, Wall Street now forecasts 172.00% EPS growth.
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 Canaccord Genuity with “Buy” on Friday, September 2. The firm earned “Overweight” rating on Monday, November 23 by Pacific Crest. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 3 report. Zacks downgraded the stock to “Buy” rating in Monday, August 10 report. The rating was maintained by FBN Securities on Wednesday, September 2 with “Outperform”. The rating was maintained by Stifel Nicolaus on Wednesday, August 26 with “Buy”. On Friday, December 4 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Strong-Buy” rating by Vetr given on Thursday, September 3. Deutsche Bank maintained it with “Hold” rating and $47 target price in Friday, June 3 report. On Friday, April 8 the stock rating was initiated by Oppenheimer with “Perform”.
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 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.
First Foundation Advsr holds 4,000 shares or 0.01% of its portfolio. State Of Wisconsin Inv Board has 110,000 shares for 0.02% of their US portfolio. Putnam Ltd has 42,158 shares for 0.01% of their US portfolio. Snow Capital Mngmt Limited Partnership has 23,580 shares for 0.06% of their US portfolio. Nelson Van Denburg Campbell Wealth Management Group Inc Limited Liability Corporation holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 50 shares. Bnp Paribas Arbitrage Sa holds 0% or 16,898 shares in its portfolio. Dupont Capital Mngmt Corporation has 0.04% invested in the company for 32,221 shares. Cubist Systematic Strategies Limited Liability Com owns 12,851 shares or 0.04% of their US portfolio. Next Financial Gru holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 300 shares. Goldman Sachs Gru has 134,772 shares for 0% of their US portfolio. The Michigan-based Plante Moran Fincl Advsr Ltd has invested 0.03% in Ambarella Inc (NASDAQ:AMBA). Moreover, Reliant Invest Mgmt Ltd Llc has 1.36% invested in Ambarella Inc (NASDAQ:AMBA) for 29,445 shares. Allianz Asset Ag owns 44,065 shares or 0% of their US portfolio. The Georgia-based Invesco Ltd has invested 0% in Ambarella Inc (NASDAQ:AMBA). Moreover, Alliancebernstein L P has 0% invested in Ambarella Inc (NASDAQ:AMBA) for 47,840 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 13 sales for $5.50 million net activity. Chen Yun-Lung sold $311,375 worth of stock. 1,405 Ambarella Inc (NASDAQ:AMBA) shares with value of $95,512 were sold by Day Christopher. Another trade for 30,000 shares valued at $2.01 million was made by Laplante George on Wednesday, September 7. $650,773 worth of Ambarella Inc (NASDAQ:AMBA) was sold by Wang Feng-Ming. PAISLEY CHRISTOPHER B had sold 1,000 shares worth $69,130 on Tuesday, September 6. 5,489 Ambarella Inc (NASDAQ:AMBA) shares with value of $373,142 were sold by Kohn Leslie.
Another recent and important Ambarella Inc (NASDAQ:AMBA) news was published by Fool.com which published an article titled: “3 Reasons Ambarella Inc. Stock Could Fall” on October 04, 2016.
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.