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Stock Market & Financial Investment News

News For SPRD;MXL;INVN;AMBA;MRVL;SIMO;CAVM From The Last 14 Days
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July 1, 2015
16:58 EDTAMBAAmbarella acquires VisLab for $30M in cash
Ambarella announced the acquisition of VisLab S.r.l., a privately held Italian company based in Parma, Italy for $30M in cash. VisLab, the Vision and Intelligent Systems Laboratory at the University of Parma, is a pioneer in perception systems and autonomous vehicle research and was founded by Professor Alberto Broggi. The company has developed computer vision and intelligent control systems for automotive and other commercial applications, including Advanced Driver Assistance Systems and several generations of autonomous vehicle driving systems. These include "Porter," an autonomous vehicle that made a 13,000 km autonomous trip from Italy to China in 2010. As part of the acquisition, VisLab's 27 researchers will join Ambarella's advanced computer vision development team. This will enable extensive and robust computer vision support in future Ambarella solutions targeting Ambarella's core markets including automotive, IP security, wearable, and flying cameras.
16:34 EDTSIMOSilicon Motion sees Shannon Systems acquisition slightly accretive to 2H15 EPS
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10:09 EDTCAVMHigh option volume stocks
High option volume stocks: ACE APOL SC SCHN SGMS BDBD OFG HTS AVAV CAVM
June 29, 2015
08:01 EDTMRVLMarvell's IoT platform selected by iHome
Marvell announced that SDI Technologies has selected Marvell's EZ-Connect IoT platform and SDK to power its iHome iSP5 SmartPlug.
06:10 EDTCAVMCavium estimates lowered at Pacific Crest
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06:02 EDTAMBAStocks with implied volatility below IV index mean; AMBA MU
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June 26, 2015
06:07 EDTAMBAStocks with implied volatility below IV index mean; AMBA QIHU
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June 25, 2015
10:23 EDTAMBAAmbarella rises after analyst says competitive edge increasing
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08:19 EDTMRVLCiti names Rambus top buy in Specialty Semiconductors
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07:30 EDTAMBAAmbarella price target raised to $115 from $105 at Stifel
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05:59 EDTAMBAStocks with implied volatility below IV index mean; AMBA WMB
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June 24, 2015
09:11 EDTCAVMApplied Micro an affordable target for Qualcomm, says Summit Research
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June 23, 2015
16:29 EDTAMBAOn The Fly: Top stock stories for Tuesday
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13:37 EDTAMBAOn The Fly: Top stock stories at midday
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11:24 EDTAMBAStocks with call strike movement; AMBA BBRY
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10:23 EDTAMBAAmbarella jumps after analyst says buy after big selloff
The shares of Ambarella (AMBA) are rising after research firm Canaccord defended the stock in the face of a highly negative report on the company by short-selling blog Citron Research. The company develops processors used in high definition cameras. BACKGROUND: In an article published last Friday on its website, Citron called Ambarella's valuation "ridiculous," given the competition the company is facing and the lack of demand for its products in certain areas such as security. According to Citron, Ambarella's stock is worth about $30 per share, versus its current price of around $104. After the article was published, Ambarella's stock tumbled about 26% before today's open. ANALYST REACTION: In a note to investors earlier today, Canaccord analyst Matthew Ramsay wrote that the technological advantages of Ambarella's chips are enabling it to gain market share and design wins, as well as making its current customers more likely to continue using its products. Specifically, Ambarella's processors offer significantly better video quality, compression efficiency and lower power than those of its competitors, the analyst believes. These advantages will become more meaningful when new video technologies become more prevalent, Ramsay wrote. Additionally, Ambarella should benefit from the increased proliferation of drone cameras and security cameras, which together should significantly boost the company's results, the analyst believes. The company's earnings can reach $5 per share in fiscal 2017, predicted the analyst, who contended that Citron's report is "largely void of well-researched content." He kept a $115 price target and Buy rating on the shares. PRICE ACTION: In early trading, Ambarella climbed $9.30, or 10%, to $104. WHAT’S NOTABLE: Ambarella’s chips are in GoPro’s (GPRO) HERO action camera line. After selling off yesterday, shares of GoPro are up $1.47 to $56.39 in early trading. JMP Securities analyst Alex Gauna this morning raised his earnings estimates for GoPro to reflect the company’s second half of 2016 entry into the “booming” drone market. He kept a $105 price target for the shares.
09:36 EDTAMBAActive equity options trading on open
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09:17 EDTAMBAAmbarella weakness a buying opportunity, says FBN Securities
FBN Securities recommends investors buy Ambarella on the recent pullback and said the company delivered one of the most compelling presentations on its recent Silicon Valley Tour.
07:57 EDTAMBA Ambarella volatility elevated on wide price movement
Ambarella June weekly put option implied volatility is at 100, July is at 70, August is at 63; compared to its 52-week range of 43 to 72, suggesting large near term price movement.
07:35 EDTAMBAAmbarella weakness a buying opportunity, says Canaccord
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05:56 EDTAMBAStocks with implied volatility movement; AMZN AMBA
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June 22, 2015
17:04 EDTAMBAOn The Fly: Top stock stories for Monday
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16:00 EDTAMBAOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
13:20 EDTAMBAOn The Fly: Top stock stories at midday
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12:12 EDTAMBAAmbarella puts active on sharp selloff after mentioned cautiously
Ambarella June 100 and 191 puts are active on total put volume of 33K contracts (32K calls) after mentioned cautiously by Citron Research on Friday. June weekly put option implied volatility is at 91, July is at 70, August is at 63; compared to its 52-week range of 43 to 72. Active puts volume suggests traders taking positons for large downside price movement.
12:11 EDTAMBAAmbarella shares recommended by Navellier
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11:55 EDTAMBAAmbarella selloff continues following short seller report
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11:41 EDTAMBAAmbarella breaks support at $100, levels to watch
The stock continues to drift lower, breaking below round number support at the $100 area which is now resistance. At the current price of $99.36, next support is at $98.30 and then at $96.39.
10:25 EDTAMBAAmbarella trades lower, levels to watch
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