Notable Mover: Could Ambarella Inc Change Direction After Today’s Significant Decline?

Notable Mover: Could Ambarella Inc Change Direction After Today's Significant Decline?

The stock of Ambarella Inc (NASDAQ:AMBA) is a huge mover today! About 1.43M shares traded hands or 10.85% up from the average. Ambarella Inc (NASDAQ:AMBA) has risen 82.34% since March 8, 2016 and is uptrending. It has outperformed by 73.03% the S&P500.
The move comes after 9 months negative chart setup for the $2.09B company. It was reported on Oct, 11 by We have $61.26 PT which if reached, will make NASDAQ:AMBA worth $104.50 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 44 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Tuesday, October 13, the company rating was upgraded by TheStreet. The rating was downgraded by Zacks on Monday, August 10 to “Buy”. The firm has “Buy” rating given on Wednesday, August 26 by Stifel Nicolaus. The stock of Ambarella Inc (NASDAQ:AMBA) has “Overweight” rating given on Thursday, September 3 by Pacific Crest. The stock has “Sell” rating given by Zacks on Friday, September 4. FBN Securities maintained the stock with “Outperform” rating in Friday, December 4 report. Deutsche Bank maintained the shares of AMBA in a report on Friday, June 3 with “Hold” rating. The company was upgraded on Tuesday, March 29 by Morgan Stanley. Roth Capital initiated the shares of AMBA in a report on Thursday, September 29 with “Buy” rating. As per Wednesday, September 2, the company rating was maintained by Needham.

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 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.
The New York-based Intl Grp Inc Incorporated has invested 0% in Ambarella Inc (NASDAQ:AMBA). The Pennsylvania-based Vantage Inv Advisors Llc has invested 0.01% in Ambarella Inc (NASDAQ:AMBA). Pinnacle Associates Limited accumulated 523,929 shares or 0.57% of the stock. State Of Tennessee Treasury Department last reported 230,000 shares in the company. Mizuho Usa last reported 0.26% of its portfolio in the stock. Manufacturers Life Ins The last reported 0% of its portfolio in the stock. Cubist Systematic Strategies Ltd Llc accumulated 12,851 shares or 0.04% of the stock. Victory Cap holds 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 1,057 shares. Credit Agricole S A holds 10,000 shares or 0% of its portfolio. Macquarie Grp Incorporated Ltd holds 0.01% or 87,390 shares in its portfolio. Blackrock holds 6,107 shares or 0% of its portfolio. Tradewinds Capital Mngmt Lc owns 125 shares or 0% of their US portfolio. Greylin Inv Mangement Inc holds 0.29% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 22,830 shares. Blackrock Japan Limited has 0% invested in the company for 70 shares. Globeflex Cap Lp has 6,519 shares for 0.09% of their US portfolio.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 13 selling transactions for $5.50 million net activity. Day Christopher sold $59,647 worth of stock. Chen Yun-Lung had sold 4,197 shares worth $311,375. Another trade for 9,573 shares valued at $650,773 was sold by Wang Feng-Ming. Kohn Leslie had sold 5,489 shares worth $373,142 on Friday, September 16. Another trade for 30,000 shares valued at $2.01M was sold by Laplante George. PAISLEY CHRISTOPHER B sold $51,960 worth of stock or 1,000 shares.

More notable recent Ambarella Inc (NASDAQ:AMBA) news were published by: which released: “Better Buy: GoPro, Inc. or Ambarella, Inc?” on October 05, 2016, also with their article: “3 Reasons Ambarella Inc. Stock Could Fall” published on October 04, 2016, published: “5 Things Ambarella, Inc. Management Wants You to Know” on September 12, 2016. More interesting news about Ambarella Inc (NASDAQ:AMBA) were released by: and their article: “Why Ambarella Inc Stock Popped 22% in August” published on September 13, 2016 as well as‘s news article titled: “Ambarella Inc: Why AMBA Stock Can Run Another 10-25%” with publication date: 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.

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