Shares last traded at $54.25 which is well above the 50 day moving average of $48.37 and marginally over the 200 day moving average of $52.20. The 50 day moving average went up $5.88 or +12.15% whereas the 200 day average was up by +3.93%. Trading volume for Ambarella, Inc. – Ordinary Shar was 578K by the end of trading on Tuesday. Trading volume was down 41.41% under the stocks average daily volume.
Traders are more bullish on shares of Ambarella, Inc. – Ordinary Shar recently if you take note of the decrease in short interest. The firm realized a fall in short interest of -2.48% between September 15, 2017 and September 29, 2017. Short interest fell from 5,211,926 to 5,082,427 over that period. The days to cover increased to 5.0 and the percentage of shorted shares was 0.15% on September 29.
Ambarella, Inc. – Ordinary Shar (NASDAQ:AMBA) has been the object of insider selling activity recently. Christopher Day, VP let go of $128,675 worth of shares at an average price of $49.15 on Fri the 29th. That brings Day’s holdings to $1,001,530 as recorded in a recent Form 4 SEC filing. George Laplante, CFO disclosed the sale of 5,592 shares. The shares were purchased at an average price of $46.50. The CFO now owns $4,556,721 of the stock according to the SEC filing.
VP Christopher Day disclosed the sale of 1,529 shares of (AMBA). The shares were sold on September 18th for an average price of $46.50. Day now owns $1,069,268 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in AMBA. Mutual Of America Capital Management LLC cut its ownership by selling 55,889 shares a decrease of 53.4% from 06/30/2017 to 09/30/2017. Mutual Of America Capital Management LLC currently owns 48,789 shares valued at $2,391,000. The value of the position overall is down by 53.0%. As of quarter end Baillie Gifford & Co had bought 17,694 shares growing its stake by 68.1%. The value of the total investment in Ambarella, Inc. – Ordinary Shar went from $1,262,000 to $2,141,000 a change of 69.7% quarter to quarter.
Sit Investment Associates Inc downsized its holdings by shedding 2,125 shares a decrease of 15.8% as of 09/30/2017. Sit Investment Associates Inc owns 11,350 shares worth $556,000. The total value of its holdings decreased 15.0%. As of the end of the quarter Shell Asset Management CO had disposed of a total of 1,319 shares trimming its holdings by 0.6%. The value in dollars increased from $11,336,000 to $11,379,000 increasing 0.4% quarter over quarter.
September 1 investment analysts at Deutsche Bank left the company rating at “Hold” but raised the price expectation to $49.00 from $47.00. On September 1, 2017 the stock rating was set at “Hold” according to a Craig-Hallum report which was a cut from the previous “Buy” rating.
On September 5 Canaccord Genuity made no change to the stock rating of “Buy” and moved down the price target from $105.00 to $58.00. On October 13 Canaccord Genuity kept the company rating at “Buy” but raised the price target from $58.00 to $65.00.
Ambarella, Inc. – Ordinary Shar currently has a P/E ratio of 35.43 and market capitalization is 1.80B. As of the last earnings report the EPS was $1.53 and is projected to be $1.89 for the current year with 33,214,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.36 and the next full year EPS is anticipated to be $1.68.
Ambarella, Inc., launched on January 15, 2004, is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sales of low-power, high-definition video products segment. The Business’s system-on-a-chip (SoC) designs 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 Business’s solutions manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications..