Stock Worth Mentioning Today: Could Ambarella Inc Decline After Today’s Significant Increase?

Stock Worth Mentioning Today: Could Ambarella Inc Decline After Today's Significant Increase?

The stock of Ambarella Inc (NASDAQ:AMBA) is a huge mover today! The stock last traded at $63.91 per share. It is down 62.25% since March 9, 2016 and is uptrending. It has outperformed by 54.84% the S&P500.
The move comes after 5 months positive chart setup for the $1.93B company. It was reported on Oct, 12 by Barchart.com. We have $92.67 PT which if reached, will make NASDAQ:AMBA worth $868.50M 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 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Ambarella Inc (NASDAQ:AMBA) earned “Buy” rating by Stifel Nicolaus on Thursday, September 3. Pacific Crest maintained the shares of AMBA in a report on Monday, November 23 with “Overweight” rating. The stock of Ambarella Inc (NASDAQ:AMBA) has “Overweight” rating given on Tuesday, March 29 by Morgan Stanley. On Friday, June 3 the stock rating was maintained by Deutsche Bank with “Hold”. Dougherty & Company maintained Ambarella Inc (NASDAQ:AMBA) on Wednesday, September 2 with “Hold” rating. The stock has “Buy” rating given by Topeka Capital Markets on Friday, December 4. Barrington Research downgraded Ambarella Inc (NASDAQ:AMBA) on Thursday, September 3 to “Mkt Perform” rating. FBN Securities maintained Ambarella Inc (NASDAQ:AMBA) rating on Friday, December 4. FBN Securities has “Outperform” rating and $70 price target. Roth Capital initiated it with “Buy” rating and $80 target price in Thursday, September 29 report. The firm has “Neutral” rating by Chardan Capital Markets given on Monday, March 7.

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 is positive, 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 Interstate Financial Bank has 2,167 shares for 0.02% of their US portfolio. Deutsche National Bank & Trust Ag, a Germany-based fund reported 57,188 shares. Moreover, Lord Abbett & Lc has 0.06% invested in Ambarella Inc (NASDAQ:AMBA) for 364,425 shares. Credit Suisse Ag has 140,340 shares for 0.01% of their US portfolio. Columbus Circle Investors, a Connecticut-based fund reported 285,488 shares. Capital One Natl Association reported 112,823 shares or 0.47% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 17,680 shares in its portfolio. Advisory Svcs Networks Lc has 315 shares for 0% of their US portfolio. Messner Smith Theme Value Inv Mngmt Ca last reported 46,961 shares in the company. Mizuho Usa holds 32,700 shares or 0.26% of its portfolio. Federated Pa holds 0% or 430 shares in its portfolio. Spot Trading Limited Co has invested 0% of its portfolio in Ambarella Inc (NASDAQ:AMBA). Barclays Public Ltd last reported 0.01% of its portfolio in the stock. Putnam Llc last reported 0.01% of its portfolio in the stock. Smithfield Trust Company holds 0.02% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 2,000 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 13 insider sales for $5.50 million net activity. Wang Feng-Ming sold $650,773 worth of stock. PAISLEY CHRISTOPHER B sold $51,960 worth of Ambarella Inc (NASDAQ:AMBA) on Wednesday, June 15. The insider Chen Yun-Lung sold 4,197 shares worth $311,375. Laplante George had sold 30,000 shares worth $2.01 million on Wednesday, September 7. Day Christopher sold $296,135 worth of Ambarella Inc (NASDAQ:AMBA) on Thursday, September 29. On Friday, September 16 Kohn Leslie sold $373,142 worth of the stock or 5,489 shares.

More notable recent Ambarella Inc (NASDAQ:AMBA) news were published by: Fool.com which released: “Better Buy: GoPro, Inc. or Ambarella, Inc?” on October 05, 2016, also Fool.com with their article: “3 Reasons Ambarella Inc. Stock Could Fall” published on October 04, 2016, Fool.com 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: Fool.com and their article: “Why Ambarella Inc Stock Popped 22% in August” published on September 13, 2016 as well as Profitconfidential.com‘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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