November 24, 2016 - By Richard Conner · 0 Comments
The stock of Ambarella Ord (NASDAQ:AMBA) registered a decrease of 4.32% in short interest. AMBA’s total short interest was 6.11 million shares in November as published by FINRA. Its down 4.32% from 6.39 million shares, reported previously. With 657,200 shares average volume, it will take short sellers 9 days to cover their AMBA’s short positions. The short interest to Ambarella Ord’s float is 19.52%. The stock increased 4.95% or $3.08 on November 23, hitting $65.36. About 1.19M 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.
Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $2.25 billion. The Firm operates through the development and sale of low-power, high-definition video products segment. It has a 49.32 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.
Insitutional Activity: The institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.12, from 1.06 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.
Victory Mgmt Inc owns 1,057 shares or 0% of their US portfolio. Raymond James Finance Svcs Advisors Inc, a Florida-based fund reported 16,800 shares. Employees Retirement System Of Texas accumulated 27,000 shares or 0.02% of the stock. Amalgamated Bancorp holds 0.01% or 3,450 shares in its portfolio. Morgan Stanley holds 451,092 shares or 0.01% of its portfolio. Exane Derivatives holds 33 shares or 0% of its portfolio. Moreover, Shell Asset Mgmt Company has 0.24% invested in Ambarella Inc (NASDAQ:AMBA) for 206,449 shares. Ameriprise Financial Inc, a Minnesota-based fund reported 13,004 shares. The New Jersey-based Blackrock Inv Mngmt Limited has invested 0.01% in Ambarella Inc (NASDAQ:AMBA). Guggenheim Cap Ltd Liability Company last reported 0% of its portfolio in the stock. Public Employees Retirement Association Of Colorado accumulated 7,125 shares or 0% of the stock. Fmr Ltd Liability Com reported 611,536 shares or 0% of all its holdings. Cypress Cap Mgmt Llc (Wy) last reported 0% of its portfolio in the stock. Dalton Invests Ltd Llc last reported 0.58% of its portfolio in the stock. Two Sigma Ltd Liability Com holds 0.14% of its portfolio in Ambarella Inc (NASDAQ:AMBA) for 5,053 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 13 selling transactions for $5.50 million net activity. $329,295 worth of Ambarella Inc (NASDAQ:AMBA) was sold by Laplante George. Shares for $95,512 were sold by Day Christopher. 5,489 Ambarella Inc (NASDAQ:AMBA) shares with value of $373,142 were sold by Kohn Leslie. Another trade for 4,197 shares valued at $311,375 was sold by Chen Yun-Lung. PAISLEY CHRISTOPHER B sold $51,960 worth of Ambarella Inc (NASDAQ:AMBA) on Wednesday, June 15. 9,573 shares with value of $650,773 were sold by Wang Feng-Ming on Friday, September 16.
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 firm has “Outperform” rating by JMP Securities given on Thursday, September 3. Roth Capital initiated the shares of AMBA in a report on Thursday, September 29 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Tuesday, August 30 with “Overweight”. Needham maintained Ambarella Inc (NASDAQ:AMBA) on Wednesday, September 2 with “Hold” rating. Oppenheimer initiated the stock with “Perform” rating in Friday, April 8 report. The stock has “Buy” rating given by Pacific Crest on Wednesday, August 26. The stock of Ambarella Inc (NASDAQ:AMBA) has “Neutral” rating given on Monday, March 7 by Chardan Capital Markets. The firm has “Buy” rating given on Tuesday, October 13 by TheStreet. As per Tuesday, December 1, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 26.
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.
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.
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By Richard Conner