In a regulatory filing, Ambarella (AMBA) said it is aware of reports that the FDIC has taken control of Silicon Valley Bank (SIVB) due to liquidity concerns. As of March 10, the company had deposits with SVB of approximately $17M. The company’s total cash, cash equivalents and marketable debt securities on hand at the end of the fourth quarter of fiscal 2023 ended January 31, 2023 was $206.9M.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on AMBA:
- Roth MKM downgrades Ambarella to Neutral following weaker guidance
- Ambarella downgraded to In-Line from Outperform at Imperial Capital
- Ambarella price target lowered to $110 from $120 at Craig-Hallum
- Ambarella price target raised to $100 from $96 at Susquehanna
- Ambarella price target raised to $120 from $90 at Baird