Ambarella Inc – Ordinary Shares (NASDAQ:AMBA) Could Improve Your Long Portfolio After Less Shorts Reported

October 2, 2018 - By Ruchi Gupta

Ambarella, Inc. (NASDAQ:AMBA) Logo

Investors sentiment decreased to 1.05 in 2018 Q2. Its down 0.25, from 1.3 in 2018Q1. It turned negative, as 30 investors sold Ambarella, Inc. shares while 43 reduced holdings. 25 funds opened positions while 52 raised stakes. 22.30 million shares or 4.86% more from 21.27 million shares in 2018Q1 were reported.
Oak Oh holds 24,070 shares or 0.06% of its portfolio. 250 were accumulated by Winslow Evans & Crocker Incorporated. National Bank & Trust Of America Corporation De reported 137,854 shares. Royal Bank & Trust Of Canada holds 0% or 181,546 shares. 2,390 are owned by Bluemountain Cap Mngmt Llc. Tide Point Cap Mgmt Limited Partnership holds 1.91% or 420,903 shares. 2,333 are held by Us Fincl Bank De. J Goldman & Com L P owns 20,242 shares. Ing Groep Nv stated it has 137,225 shares. Stifel Financial Corp holds 0.01% or 55,025 shares. Mirae Asset Global Investments Limited owns 11,760 shares. 46,000 are held by Axel Limited Co. Synovus holds 0.01% or 8,159 shares. The Nebraska-based First Natl Bank Of Omaha has invested 0.08% in Ambarella, Inc. (NASDAQ:AMBA). White Pine Capital Lc holds 0.23% or 16,350 shares in its portfolio.

Since June 18, 2018, it had 0 insider purchases, and 13 insider sales for $2.53 million activity. $144,453 worth of Ambarella, Inc. (NASDAQ:AMBA) was sold by Day Christopher on Monday, June 18. The insider Laplante George sold $309,280. Kohn Leslie sold $134,007 worth of stock or 3,097 shares. Another trade for 10,197 shares valued at $407,206 was sold by RICHARDSON DAVID JEFFREY. $40,000 worth of stock was sold by PAISLEY CHRISTOPHER B on Tuesday, September 4.

The stock of Ambarella Inc – Ordinary Shares (NASDAQ:AMBA) registered a decrease of 3.63% in short interest. AMBA’s total short interest was 6.77 million shares in October as published by FINRA. Its down 3.63% from 7.03 million shares, reported previously. With 1.50M shares average volume, it will take short sellers 5 days to cover their AMBA’s short positions. The short interest to Ambarella Inc – Ordinary Shares’s float is 21.28%.

It closed at $38.68 lastly. It is up 13.45% since October 2, 2017 and is downtrending. It has underperformed by 29.07% the S&P500.

Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition video capture, sharing, and display worldwide. The company has market cap of $1.24 billion. The companyÂ’s system-on-a-chip creates integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. It currently has negative earnings. The Company’s solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, and professional and consumer Internet Protocol (IP) security cameras, as well as cameras incorporated into unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market.

Ambarella, Inc. (NASDAQ:AMBA) Ratings Coverage

Among 6 analysts covering Ambarella (NASDAQ:AMBA), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Ambarella had 9 analyst reports since May 17, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, June 6. The stock has “Hold” rating by Deutsche Bank on Friday, August 31. On Wednesday, June 6 the stock rating was maintained by Roth Capital with “Hold”. As per Wednesday, June 6, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating given on Wednesday, June 6 by Oppenheimer. The company was maintained on Wednesday, June 6 by Deutsche Bank. The stock has “Buy” rating by Stifel Nicolaus on Friday, August 31. As per Wednesday, June 6, the company rating was maintained by Cowen & Co.

More recent Ambarella, Inc. (NASDAQ:AMBA) news were published by: Fool.com which released: “4 Simple Reasons to Avoid Ambarella” on September 04, 2018. Also Nasdaq.com published the news titled: “Why NVIDIA and Ambarella Should Be Partnering Up for Autonomous Vehicles” on September 09, 2018. Seekingalpha.com‘s news article titled: “Ambarella: Ugly Vision” with publication date: September 04, 2018 was also an interesting one.

Ambarella, Inc. (NASDAQ:AMBA) Ratings Chart

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