The stock of Ambarella Inc (NASDAQ:AMBA) is a huge mover today! The stock increased 3.87% or $2.74 during the last trading session, hitting $73.61. About 1.96 million shares traded hands or 49.62% up from the average. Ambarella Inc (NASDAQ:AMBA) has risen 60.78% since February 26, 2016 and is uptrending. It has outperformed by 50.35% the S&P500.
The move comes after 6 months positive chart setup for the $2.48B company. It was reported on Oct, 1 by Barchart.com. We have $110.42 PT which if reached, will make NASDAQ:AMBA worth $1.24 billion more.
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 44 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann initiated it with “Buy” rating and $96 target price in Thursday, September 10 report. Deutsche Bank maintained the stock with “Hold” rating in Friday, December 4 report. The firm earned “Hold” rating on Friday, June 3 by Deutsche Bank. The company was downgraded on Thursday, September 3 by Barrington Research. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, August 30. The stock has “Strong-Buy” rating given by Vetr on Thursday, September 3. FBN Securities maintained it with “Outperform” rating and $70 target price in Friday, December 4 report. The firm has “Buy” rating given on Friday, December 4 by Stifel Nicolaus. The firm has “Outperform” rating by FBN Securities given on Wednesday, September 2. Craig Hallum initiated Ambarella Inc (NASDAQ:AMBA) on Wednesday, December 23 with “Buy” rating.
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.
Reilly Finance Advsr Limited Liability Corporation accumulated 450 shares or 0% of the stock. Smithfield has 2,000 shares for 0.02% of their US portfolio. Employees Retirement Association Of Colorado holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 7,125 shares. Juncture Wealth Strategies Limited Liability Company last reported 5,650 shares in the company. Capital One Association holds 0.47% or 112,823 shares in its portfolio. Natl Bank Of Montreal Can has invested 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA). Quantitative Invest Management Limited Liability Company holds 0.1% or 43,600 shares in its portfolio. Da Davidson And holds 0% or 650 shares in its portfolio. Moreover, Cortina Asset Limited Liability Com has 0.23% invested in Ambarella Inc (NASDAQ:AMBA) for 97,971 shares. Rice Hall James And Assoc Lc owns 310,746 shares or 0.91% of their US portfolio. Apriem Advisors accumulated 3,850 shares or 0.06% of the stock. Aperio Ltd Com holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 4,411 shares. D E Shaw And accumulated 0.04% or 378,815 shares. Credit Agricole S A has 10,000 shares for 0% of their US portfolio. The Illinois-based Gp One Trading Ltd Partnership has invested 0.03% in Ambarella Inc (NASDAQ:AMBA).
Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 9 selling transactions for $3.78 million net activity. Laplante George had sold 30,000 shares worth $2.01M on Wednesday, September 7. PAISLEY CHRISTOPHER B also sold $69,130 worth of Ambarella Inc (NASDAQ:AMBA) on Tuesday, September 6. $373,142 worth of shares were sold by Kohn Leslie on Friday, September 16. The insider Day Christopher sold $59,647. 9,573 shares were sold by Wang Feng-Ming, worth $650,773.
More notable recent Ambarella Inc (NASDAQ:AMBA) news were published by: Fool.com which released: “Better Buy: Ambarella, Inc. vs. NVIDIA” on September 22, 2016, also Fool.com with their article: “3 Terrible Reasons to Buy Ambarella Inc. Stock” published on September 07, 2016, Fool.com published: “Why Ambarella Inc Stock Popped 22% in August” on September 13, 2016. More interesting news about Ambarella Inc (NASDAQ:AMBA) were released by: Fool.com and their article: “5 Things Ambarella, Inc. Management Wants You to Know” published on September 12, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Upgrades: eBay Inc, Himax Technologies, Inc., and Ambarella Inc” with publication date: September 29, 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.
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