Shareholder Kingdom Ridge Capital Has Raised Ambarella (Call) (AMBA) Stake; Synovus Finl (SNV) Shareholder Forest Hill Capital Has Lowered Its Position by $1.10 Million as Stock Price Declined

December 17, 2017 - By Marguerite Chambers

Christopher Zepf increased its stake in Ambarella Inc (Call) (AMBA) by 160% based on its latest 2017Q2 regulatory filing with the SEC. Kingdom Ridge Capital Llc bought 400,000 shares as the company’s stock rose 13.63% with the market. The hedge fund run by Christopher Zepf held 650,000 shares of the technology company at the end of 2017Q2, valued at $31.56M, up from 250,000 at the end of the previous reported quarter. Kingdom Ridge Capital Llc who had been investing in Ambarella Inc (Call) for a number of months, seems to be bullish on the $1.88 billion market cap company. The stock decreased 1.82% or $1.05 during the last trading session, reaching $56.51. About 1.12M shares traded or 14.03% up from the average. Ambarella, Inc. (NASDAQ:AMBA) has risen 67.32% since December 17, 2016 and is uptrending. It has outperformed by 50.62% the S&P500.

Mark Lee decreased its stake in Synovus Finl Corp (SNV) by 7.5% based on its latest 2017Q2 regulatory filing with the SEC. Forest Hill Capital Llc sold 25,000 shares as the company’s stock declined 2.76% while stock markets rallied. The hedge fund run by Mark Lee held 308,112 shares of the major banks company at the end of 2017Q2, valued at $13.63 million, down from 333,112 at the end of the previous reported quarter. Forest Hill Capital Llc who had been investing in Synovus Finl Corp for a number of months, seems to be less bullish one the $5.79B market cap company. The stock increased 1.62% or $0.77 during the last trading session, reaching $48.43. About 2.00 million shares traded or 183.06% up from the average. Synovus Financial Corp. (NYSE:SNV) has risen 33.10% since December 17, 2016 and is uptrending. It has outperformed by 16.40% the S&P500.

Kingdom Ridge Capital Llc, which manages about $370.93M and $440.58M US Long portfolio, decreased its stake in Broadcom Ltd by 58,405 shares to 16,595 shares, valued at $3.87M in 2017Q2, according to the filing. It also reduced its holding in Motorola Solutions Inc (NYSE:MSI) by 49,800 shares in the quarter, leaving it with 50,200 shares, and cut its stake in Coherent Inc (NASDAQ:COHR).

Since June 16, 2017, it had 0 insider purchases, and 7 selling transactions for $2.10 million activity. Shares for $291,303 were sold by Kohn Leslie. PAISLEY CHRISTOPHER B had sold 2,000 shares worth $118,463 on Monday, December 11. $567,098 worth of stock was sold by Wang Feng-Ming on Friday, June 16. The insider Day Christopher sold $128,675. $260,028 worth of Ambarella, Inc. (NASDAQ:AMBA) shares were sold by Laplante George.

Investors sentiment decreased to 0.92 in 2017 Q2. Its down 0.40, from 1.32 in 2017Q1. It dived, as 40 investors sold AMBA shares while 51 reduced holdings. 18 funds opened positions while 66 raised stakes. 18.32 million shares or 3.87% more from 17.64 million shares in 2017Q1 were reported. Scout Invests holds 0.09% or 65,600 shares. 20,138 are owned by American Intll Grp Inc. Evercore Wealth Management Llc stated it has 0% in Ambarella, Inc. (NASDAQ:AMBA). Mufg Americas Holdg owns 64 shares or 0% of their US portfolio. Schwab Charles Invest Mngmt Inc invested in 53,300 shares or 0% of the stock. Financial Bank Of Ny Mellon Corp stated it has 0% in Ambarella, Inc. (NASDAQ:AMBA). Renaissance Technologies Ltd Liability Com holds 0% in Ambarella, Inc. (NASDAQ:AMBA) or 23,200 shares. Sg Americas Secs Limited Liability Co owns 4,945 shares. Geode Cap Management Lc invested in 85,010 shares. Creative Planning invested in 0% or 7,039 shares. Raymond James Financial Service Advsr owns 4,908 shares for 0% of their portfolio. Alpine Woods Invsts invested in 0.06% or 23,900 shares. Vident Advisory Lc has invested 0.63% of its portfolio in Ambarella, Inc. (NASDAQ:AMBA). Qvt Ltd Partnership accumulated 248,777 shares or 0.32% of the stock. National Bank Of Montreal Can reported 0% stake.

Among 21 analysts covering Ambarella Corporation (NASDAQ:AMBA), 13 have Buy rating, 1 Sell and 7 Hold. Therefore 62% are positive. Ambarella Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 1 by Dougherty & Company. The company was maintained on Thursday, August 24 by Stifel Nicolaus. The rating was maintained by Canaccord Genuity on Friday, September 2 with “Buy”. KeyBanc Capital Markets maintained the shares of AMBA in report on Tuesday, September 29 with “Overweight” rating. The rating was maintained by Canaccord Genuity on Wednesday, October 12 with “Buy”. The firm earned “Buy” rating on Wednesday, November 22 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 3 report. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, March 29 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, September 21. On Monday, July 10 the stock rating was maintained by Canaccord Genuity with “Buy”.

Analysts await Synovus Financial Corp. (NYSE:SNV) to report earnings on January, 16. They expect $0.67 EPS, up 24.07% or $0.13 from last year’s $0.54 per share. SNV’s profit will be $80.07M for 18.07 P/E if the $0.67 EPS becomes a reality. After $0.65 actual EPS reported by Synovus Financial Corp. for the previous quarter, Wall Street now forecasts 3.08% EPS growth.

Among 18 analysts covering Synovus Financial Corp. (NYSE:SNV), 7 have Buy rating, 1 Sell and 10 Hold. Therefore 39% are positive. Synovus Financial Corp. had 43 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Buy” rating by Bank of America on Thursday, May 11. The company was downgraded on Wednesday, April 20 by Raymond James. Robert W. Baird maintained the shares of SNV in report on Friday, August 25 with “Hold” rating. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, November 29. The firm has “Market Perform” rating given on Monday, January 9 by Hovde Group. On Tuesday, October 17 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Wednesday, October 18, the company rating was maintained by Barclays Capital. As per Friday, October 9, the company rating was maintained by Barclays Capital. Wells Fargo initiated the shares of SNV in report on Monday, December 21 with “Market Perform” rating. As per Friday, September 15, the company rating was maintained by Jefferies.

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