Ambarella, Inc. (AMBA) Reaches $48.99 After 3.00% Down Move; Clover Partners LP Has Cut Banc Of California (BANC) Stake By $10.29 Million

Ambarella, Inc. (NASDAQ:AMBA) Logo

The stock of Ambarella, Inc. (NASDAQ:AMBA) is a huge mover today! The stock decreased 1.98% or $0.99 during the last trading session, reaching $48.99. About 1.51 million shares traded or 44.84% up from the average. Ambarella, Inc. (NASDAQ:AMBA) has declined 11.95% since March 31, 2017 and is downtrending. It has underperformed by 23.50% the S&P500.The move comes after 9 months negative chart setup for the $1.63 billion company. It was reported on Mar, 31 by Barchart.com. We have $47.52 PT which if reached, will make NASDAQ:AMBA worth $48.96 million less.

Clover Partners Lp decreased Banc Of California Inc (BANC) stake by 73.53% reported in 2017Q4 SEC filing. Clover Partners Lp sold 514,740 shares as Banc Of California Inc (BANC)’s stock declined 11.29%. The Clover Partners Lp holds 185,260 shares with $3.83M value, down from 700,000 last quarter. Banc Of California Inc now has $976.41M valuation. The stock increased 2.66% or $0.5 during the last trading session, reaching $19.3. About 645,033 shares traded. Banc of California, Inc. (NYSE:BANC) has declined 9.16% since March 31, 2017 and is downtrending. It has underperformed by 20.71% the S&P500.

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.20, from 0.98 in 2017Q3. It fall, as 22 investors sold BANC shares while 66 reduced holdings. 26 funds opened positions while 43 raised stakes. 56.03 million shares or 5.95% less from 59.57 million shares in 2017Q3 were reported. Teachers Retirement Of The State Of Kentucky invested in 0% or 16,600 shares. First Mercantile Com reported 9,387 shares stake. Tiaa Cref Invest Mgmt Limited Liability Com has 103,250 shares. 111,133 are owned by Employees Retirement Of Ohio. Hennessy Incorporated accumulated 465,000 shares or 0.29% of the stock. First Tru Advisors Limited Partnership holds 0% or 65,667 shares. Hbk Lp reported 121,100 shares or 0.02% of all its holdings. Moreover, Qs Limited Liability Company has 0.04% invested in Banc of California, Inc. (NYSE:BANC) for 217,221 shares. United Kingdom-based Legal And General Group Public Limited Company has invested 0% in Banc of California, Inc. (NYSE:BANC). Kennedy Capital Management has invested 0.2% of its portfolio in Banc of California, Inc. (NYSE:BANC). State Street accumulated 2.51M shares. Parametric Port Associate Lc holds 165,104 shares or 0% of its portfolio. Bancshares Of Mellon owns 905,278 shares or 0% of their US portfolio. 10,800 are held by Ubs Asset Mngmt Americas. Continental Ltd Limited Liability Company reported 184,500 shares.

Analysts await Banc of California, Inc. (NYSE:BANC) to report earnings on May, 2. They expect $0.16 EPS, down 40.74% or $0.11 from last year’s $0.27 per share. BANC’s profit will be $8.09M for 30.16 P/E if the $0.16 EPS becomes a reality. After $0.30 actual EPS reported by Banc of California, Inc. for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.

Since February 1, 2018, it had 1 insider purchase, and 0 selling transactions for $386,000 activity. Bogler John A. bought 20,000 shares worth $386,000.

Among 11 analysts covering Banc of California (NYSE:BANC), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Banc of California had 29 analyst reports since November 9, 2015 according to SRatingsIntel. Wells Fargo upgraded the shares of BANC in report on Tuesday, April 11 to “Outperform” rating. The rating was downgraded by B. Riley & Co to “Neutral” on Thursday, February 1. The stock has “Outperform” rating by Raymond James on Wednesday, May 4. Keefe Bruyette & Woods maintained it with “Hold” rating and $21.0 target in Thursday, March 15 report. The company was upgraded on Thursday, October 20 by DA Davidson. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods. FBR Capital maintained it with “Outperform” rating and $24 target in Thursday, May 4 report. The company was maintained on Friday, March 16 by FBR Capital. The firm has “Mkt Perform” rating given on Thursday, October 20 by FBR Capital. Wells Fargo initiated the shares of BANC in report on Monday, May 2 with “Outperform” rating.

Analysts await Ambarella, Inc. (NASDAQ:AMBA) to report earnings on June, 5. They expect $-0.20 EPS, down 385.71% or $0.27 from last year’s $0.07 per share. After $0.04 actual EPS reported by Ambarella, Inc. for the previous quarter, Wall Street now forecasts -600.00% negative EPS growth.

Among 21 analysts covering Ambarella Corporation (NASDAQ:AMBA), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Ambarella Corporation has $122 highest and $43 lowest target. $75.52’s average target is 54.15% above currents $48.99 stock price. Ambarella Corporation had 70 analyst reports since July 22, 2015 according to SRatingsIntel. The company was initiated on Thursday, September 29 by Roth Capital. The firm has “Outperform” rating by Oppenheimer given on Wednesday, January 3. Stifel Nicolaus maintained Ambarella, Inc. (NASDAQ:AMBA) rating on Wednesday, November 22. Stifel Nicolaus has “Buy” rating and $62.0 target. The rating was maintained by Roth Capital with “Buy” on Wednesday, June 7. The firm earned “Buy” rating on Friday, December 2 by Stifel Nicolaus. The stock of Ambarella, Inc. (NASDAQ:AMBA) has “Overweight” rating given on Tuesday, March 29 by Morgan Stanley. JMP Securities maintained it with “Outperform” rating and $105 target in Thursday, September 3 report. The rating was maintained by Canaccord Genuity on Friday, September 2 with “Buy”. Zacks downgraded the stock to “Buy” rating in Monday, August 10 report. Stifel Nicolaus maintained Ambarella, Inc. (NASDAQ:AMBA) rating on Friday, December 4. Stifel Nicolaus has “Buy” rating and $92 target.

Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition video capture, sharing, and display worldwide. The company has market cap of $1.63 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 has a 89.07 P/E ratio. 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.

Banc of California, Inc. (NYSE:BANC) Ratings Chart