Horrell Capital Management Lowered Syntel (SYNT) Position By $2.38 Million; Ambarella, Inc. (AMBA) Had 13 Bulls

June 13, 2018 - By Vivian Currie

Syntel, Inc. (NASDAQ:SYNT) Logo

Horrell Capital Management Inc decreased Syntel (SYNT) stake by 95% reported in 2018Q1 SEC filing. Horrell Capital Management Inc sold 95,000 shares as Syntel (SYNT)’s stock rose 18.09%. The Horrell Capital Management Inc holds 5,000 shares with $128,000 value, down from 100,000 last quarter. Syntel now has $2.77B valuation. The stock increased 0.15% or $0.05 during the last trading session, reaching $33.44. About 375,801 shares traded. Syntel, Inc. (NASDAQ:SYNT) has risen 70.15% since June 13, 2017 and is uptrending. It has outperformed by 57.58% the S&P500. Some Historical SYNT News: ; 19/04/2018 – Syntel Sees FY EPS $1.76-EPS $1.96; 19/04/2018 – SYNTEL INC SYNT.O SEES FY 2018 SHR $1.76 TO $1.96; 14/05/2018 – Syntel Presenting at JPMorgan Conference Tomorrow; 21/04/2018 – DJ Syntel Inc, Inst Holders, 1Q 2018 (SYNT); 19/04/2018 – SYNTEL 1Q NET REV. $245.3M, EST. $227.3M; 19/04/2018 – SYNTEL INC SYNT.O FY2018 SHR VIEW $1.86, REV VIEW $929.2 MLN — THOMSON REUTERS l/B/E/S; 08/05/2018 – Syntel Presenting at JPMorgan Conference May 15; 09/04/2018 – Syntel Partners with Esko for Life Sciences Labeling and Packaging Solutions; 19/04/2018 – Syntel 1Q EPS 55c; 31/05/2018 – Syntel Non-Deal Roadshow Scheduled By SunTrust for Jun. 7

Among 22 analysts covering Ambarella Corporation (NASDAQ:AMBA), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Ambarella Corporation had 77 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, September 29 the stock rating was initiated by Roth Capital with “Buy”. Oppenheimer upgraded Ambarella, Inc. (NASDAQ:AMBA) on Wednesday, January 3 to “Outperform” rating. Craig Hallum initiated Ambarella, Inc. (NASDAQ:AMBA) rating on Wednesday, December 23. Craig Hallum has “Buy” rating and $80 target. On Thursday, March 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Buy” rating on Monday, July 10 by Canaccord Genuity. Roth Capital maintained Ambarella, Inc. (NASDAQ:AMBA) rating on Wednesday, June 6. Roth Capital has “Hold” rating and $4500 target. Vetr upgraded the stock to “Strong-Buy” rating in Thursday, September 3 report. The firm has “Buy” rating given on Wednesday, June 6 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Friday, December 4. On Wednesday, October 12 the stock rating was maintained by Canaccord Genuity with “Buy”. See Ambarella, Inc. (NASDAQ:AMBA) latest ratings:

06/06/2018 Broker: Cowen & Co Rating: Buy New Target: $65.0000 Maintain
06/06/2018 Broker: Roth Capital Rating: Hold New Target: $45.0000 Maintain
06/06/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $65 New Target: $58 Maintain
06/06/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $51 New Target: $44 Maintain
06/06/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $64 New Target: $56 Maintain
06/06/2018 Broker: Oppenheimer Rating: Hold Downgrade
17/05/2018 Broker: Cowen & Co Rating: Outperform New Target: $65 Initiates Coverage On
01/03/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $64.0 Maintain
03/01/2018 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform Upgrade

Among 14 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 have Buy rating, 0 Sell and 13 Hold. Therefore 7% are positive. Syntel Inc. had 41 analyst reports since August 14, 2015 according to SRatingsIntel. SunTrust maintained it with “Hold” rating and $20.0 target in Tuesday, October 17 report. The firm has “Buy” rating by SunTrust given on Thursday, September 10. SunTrust maintained it with “Hold” rating and $2900 target in Friday, April 20 report. Needham maintained the shares of SYNT in report on Friday, October 21 with “Buy” rating. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Neutral” rating given on Monday, January 11 by JP Morgan. SunTrust maintained it with “Buy” rating and $32 target in Wednesday, October 5 report. The rating was downgraded by Suntrust Robinson to “Hold” on Monday, October 24. On Friday, February 19 the stock rating was downgraded by Wells Fargo to “Market Perform”. Barrington Research downgraded the stock to “Mkt Perform” rating in Thursday, September 22 report. The company was maintained on Wednesday, October 5 by Robert W. Baird.

Investors sentiment increased to 1.75 in 2018 Q1. Its up 0.06, from 1.69 in 2017Q4. It is positive, as 15 investors sold SYNT shares while 45 reduced holdings. 38 funds opened positions while 67 raised stakes. 31.74 million shares or 1.27% less from 32.15 million shares in 2017Q4 were reported. Btim reported 0.18% in Syntel, Inc. (NASDAQ:SYNT). Fuller & Thaler Asset Mngmt Incorporated owns 1.34M shares for 0.4% of their portfolio. Lazard Asset Mngmt Ltd Liability Com holds 0% in Syntel, Inc. (NASDAQ:SYNT) or 60,940 shares. Tiaa Cref Investment Ltd Llc has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Bluecrest Cap holds 0.01% in Syntel, Inc. (NASDAQ:SYNT) or 9,091 shares. Ameriprise invested 0% in Syntel, Inc. (NASDAQ:SYNT). Fil Ltd owns 569,173 shares. Ameritas Investment Prtn owns 2,789 shares or 0% of their US portfolio. Bnp Paribas Arbitrage invested in 0% or 7,971 shares. Secor Capital Advsr Limited Partnership holds 0.24% or 112,879 shares. Balyasny Asset Limited Liability Company invested in 0% or 17,298 shares. 1.07 million were accumulated by Schroder Inv Mngmt Grp Incorporated. Bank & Trust Of Mellon Corporation, a New York-based fund reported 301,557 shares. Roberts Glore And Inc Il holds 0.36% or 22,900 shares. Raymond James Finance Svcs Incorporated has 0.01% invested in Syntel, Inc. (NASDAQ:SYNT).

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on July, 19. They expect $0.44 earnings per share, 0.00% or $0.00 from last year’s $0.44 per share. SYNT’s profit will be $36.50 million for 19.00 P/E if the $0.44 EPS becomes a reality. After $0.55 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Since December 15, 2017, it had 0 insider buys, and 6 insider sales for $1.68 million activity. Another trade for 32 shares valued at $952 was sold by Salelkar Avinash. Gangidi Narendar Reddy sold 61 shares worth $1,553. 1,800 shares were sold by Aggarwal Rahul B., worth $47,981 on Thursday, March 1. 33 shares were sold by Andradi Ben, worth $840 on Friday, December 15. Ranade Prashant sold $1.36M worth of Syntel, Inc. (NASDAQ:SYNT) on Wednesday, February 21. The insider Reddy Murlidhar sold $132,700. Another trade for 5,000 shares valued at $133,477 was sold by Venkatesan Sundarraj.

Investors sentiment increased to 1.3 in 2018 Q1. Its up 0.20, from 1.1 in 2017Q4. It improved, as 29 investors sold Ambarella, Inc. shares while 42 reduced holdings. 35 funds opened positions while 57 raised stakes. 21.27 million shares or 3.92% less from 22.14 million shares in 2017Q4 were reported. Highbridge Management owns 25,246 shares. Raymond James And Associates holds 43,021 shares or 0% of its portfolio. The Netherlands-based Ing Groep Nv has invested 0.01% in Ambarella, Inc. (NASDAQ:AMBA). Credit Suisse Ag has invested 0% of its portfolio in Ambarella, Inc. (NASDAQ:AMBA). 300 are held by Vantage Investment Limited Liability. Creative Planning holds 0% or 6,175 shares. Whittier Trust Com invested 0% in Ambarella, Inc. (NASDAQ:AMBA). Proshare Advisors Llc has 0% invested in Ambarella, Inc. (NASDAQ:AMBA). National Bank Of Ny Mellon holds 0% of its portfolio in Ambarella, Inc. (NASDAQ:AMBA) for 121,854 shares. The New York-based Ny State Common Retirement Fund has invested 0.01% in Ambarella, Inc. (NASDAQ:AMBA). Security Natl Tru Communications holds 0.02% or 1,200 shares. 419,882 are owned by Vident Investment Advisory Limited Company. 316,256 were reported by Clearbridge Ltd Liability Corp. Benjamin F Edwards And Incorporated owns 1,218 shares or 0.01% of their US portfolio. Vanguard Group Inc accumulated 2.25M shares.

More notable recent Ambarella, Inc. (NASDAQ:AMBA) news were published by: Seekingalpha.com which released: “Ambarella: Fighting Weak Guidance Is Tough” on June 11, 2018, also Seekingalpha.com with their article: “Ambarella: An Event Trade” published on June 06, 2018, Seekingalpha.com published: “Ambarella: Computer Vision Lacks Tangible Results” on June 04, 2018. More interesting news about Ambarella, Inc. (NASDAQ:AMBA) were released by: Nasdaq.com and their article: “Ambarella Delivers as Promised, but Guides Low” published on June 06, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: Dow Rises Over 200 Points; Ambarella Shares Slide On Weak Sales Forecast” with publication date: June 06, 2018.

Since December 18, 2017, it had 0 insider purchases, and 9 selling transactions for $1.82 million activity. Shares for $510,614 were sold by Wang Feng-Ming. Laplante George had sold 2,786 shares worth $147,853 on Friday, March 16. The insider Day Christopher sold $64,094. The insider Kohn Leslie sold 3,060 shares worth $162,394. Shares for $54,870 were sold by PAISLEY CHRISTOPHER B.

The stock decreased 0.53% or $0.23 during the last trading session, reaching $43.16. About 1.16 million shares traded. Ambarella, Inc. (NASDAQ:AMBA) has declined 22.53% since June 13, 2017 and is downtrending. It has underperformed by 35.10% the S&P500. Some Historical AMBA News: ; 02/05/2018 – Force Protection Video Reports Record Sales; 28/03/2018 – Ambarella Demonstrates Its Fully Autonomous Vehicle on Silicon Valley Roads; 25/04/2018 – Ambarella (AMBA) Rumors Mentioned at Betaville; 29/03/2018 – Force Protection Video Equipment Release New Product Catalog; 28/03/2018 – Ambarella Introduces CV2 4K Computer Vision SoC with CVflow™ Architecture and Stereovision; 25/04/2018 – UPDATE: Ambarella (AMBA) Rumors Mentioned Yesterday at Betaville; 16/04/2018 – Force Protection Video Equipment Introduces the RECON 1000, On the Body Camera Designed with the Ambarella A7 Chip; 18/04/2018 – AMBARELLA INC – INITIATED A SEARCH FOR LAPLANTE’S SUCCESSOR; 17/04/2018 – Force Protection Video Equipment Reports Record Sales from the Release of New Product Catalog; 23/05/2018 – Force Protection Video Equipment Receives Patent Pending Status for its Proprietary Design from the U.S. Patent and Trademark O

Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition video capture, sharing, and display worldwide. The company has market cap of $1.44 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 228.36 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.

Syntel, Inc. (NASDAQ:SYNT) Institutional Positions Chart

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