Firsthand Capital Management Has Lifted Its Ambarella (AMBA) Holding; Phillips 66 (PSX) Covered By 8 Bullish Analysts Last Week

April 23, 2018 - By Russell Anderson

Ambarella, Inc. (NASDAQ:AMBA) Logo

Among 19 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Phillips 66 had 76 analyst reports since August 4, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of PSX in report on Monday, March 19 with “Hold” rating. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, August 2. JP Morgan maintained it with “Neutral” rating and $95 target in Monday, October 30 report. The firm has “Neutral” rating given on Monday, November 2 by JP Morgan. The stock of Phillips 66 (NYSE:PSX) earned “Market Perform” rating by Wells Fargo on Friday, July 8. The company was maintained on Thursday, June 1 by Jefferies. On Tuesday, August 1 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Jefferies with “Sell” on Wednesday, January 24. On Monday, July 11 the stock rating was downgraded by Howard Weil to “Sector Perform”. As per Tuesday, November 14, the company rating was downgraded by Barclays Capital. See Phillips 66 (NYSE:PSX) latest ratings:

13/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $105.0000 Maintain
09/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $108 New Target: $109 Maintain
19/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $106 New Target: $102 Maintain
13/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $92 New Target: $94 Maintain
07/03/2018 Broker: Credit Suisse Rating: Neutral New Target: $110 Reinitiate
14/02/2018 Broker: Cowen & Co Rating: Buy New Target: $137.0 Maintain
06/02/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $110 New Target: $103 Maintain
02/02/2018 Broker: Cowen & Co Rating: Buy New Target: $125.0 Maintain
30/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $106.0 Maintain
24/01/2018 Broker: Jefferies Rating: Sell New Target: $83.0 Maintain

Firsthand Capital Management Inc increased Ambarella Inc. (AMBA) stake by 25% reported in 2017Q4 SEC filing. Firsthand Capital Management Inc acquired 10,000 shares as Ambarella Inc. (AMBA)’s stock declined 16.32%. The Firsthand Capital Management Inc holds 50,000 shares with $2.94M value, up from 40,000 last quarter. Ambarella Inc. now has $1.56 billion valuation. The stock decreased 7.21% or $3.65 during the last trading session, reaching $46.94. About 697,264 shares traded. Ambarella, Inc. (NASDAQ:AMBA) has declined 11.95% since April 23, 2017 and is downtrending. It has underperformed by 23.50% the S&P500.

Among 21 analysts covering Ambarella Corporation (NASDAQ:AMBA), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Ambarella Corporation had 70 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Sell” rating by Zacks given on Friday, September 4. The firm earned “Outperform” rating on Wednesday, January 3 by Oppenheimer. The stock has “Buy” rating by Canaccord Genuity on Tuesday, June 6. The company was maintained on Monday, September 18 by KeyBanc Capital Markets. As per Tuesday, October 13, the company rating was upgraded by TheStreet. Stifel Nicolaus maintained it with “Buy” rating and $6400 target in Wednesday, June 7 report. The company was upgraded on Thursday, September 3 by Vetr. On Thursday, September 10 the stock rating was initiated by Ladenburg Thalmann with “Buy”. The company was downgraded on Friday, September 1 by Craig Hallum. The firm earned “Overweight” rating on Wednesday, December 13 by Morgan Stanley.

Investors sentiment decreased to 1.1 in 2017 Q4. Its down 0.11, from 1.21 in 2017Q3. It turned negative, as 29 investors sold AMBA shares while 51 reduced holdings. 40 funds opened positions while 48 raised stakes. 22.14 million shares or 10.73% more from 19.99 million shares in 2017Q3 were reported. Greylin Invest Mangement has 23,175 shares for 0.29% of their portfolio. Shell Asset Mgmt Communications has 0.19% invested in Ambarella, Inc. (NASDAQ:AMBA) for 160,600 shares. Guggenheim Cap has 0% invested in Ambarella, Inc. (NASDAQ:AMBA). Ameriprise Financial Incorporated reported 39,326 shares. Lenox Wealth Management Incorporated reported 0.01% in Ambarella, Inc. (NASDAQ:AMBA). Atlantic Trust Group Ltd Llc stated it has 0% in Ambarella, Inc. (NASDAQ:AMBA). Columbia Wanger Asset Mgmt Ltd Com reported 535,129 shares stake. Tributary Capital Mngmt Ltd Liability owns 258,968 shares. Highbridge Capital Management Ltd Company holds 0% or 3,902 shares. Sit Investment Associate reported 11,350 shares. Deutsche Retail Bank Ag owns 267,418 shares for 0.01% of their portfolio. Manufacturers Life Insurance The reported 24,659 shares stake. Synovus Fin Corp owns 4,477 shares. Bowen Hanes And stated it has 4,500 shares. Financial Bank Of America Corporation De holds 0% in Ambarella, Inc. (NASDAQ:AMBA) or 117,573 shares.

Since December 11, 2017, it had 0 insider purchases, and 11 sales for $2.62 million activity. 1,000 shares were sold by PAISLEY CHRISTOPHER B, worth $54,870. Another trade for 1,012 shares valued at $53,707 was sold by Day Christopher. 2,786 shares were sold by Laplante George, worth $147,853 on Friday, March 16. Kohn Leslie sold $162,394 worth of stock or 3,060 shares. $319,694 worth of Ambarella, Inc. (NASDAQ:AMBA) shares were sold by Wang Feng-Ming. On Monday, December 11 Chen Yun-Lung sold $678,132 worth of Ambarella, Inc. (NASDAQ:AMBA) or 11,340 shares.

Since December 15, 2017, it had 0 insider purchases, and 1 insider sale for $270,675 activity. Shares for $270,675 were sold by Oyolu Chukwuemeka A. on Friday, December 15.

The stock decreased 0.21% or $0.23 during the last trading session, reaching $110.76. About 1.06M shares traded. Phillips 66 (NYSE:PSX) has risen 23.90% since April 23, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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