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Dougherty & Co Maintains a “Buy” Rating on Ambarella (NASDAQ:AMBA) and $60.0 Target

London Ambarella NASDAQ:AMBA

Ambarella (NASDAQ:AMBA) Rating Maintained

According to data compiled by Thomson Reuters, Ambarella (NASDAQ:AMBA)’s stock is covered by 8 equity analysts across the Street, with 0 analysts giving it a Sell rating, 7 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $57.63, which reflects an upside potential of 5.94% over the current price.

Institutional Ownership

Jetstream Capital Llc had the biggest stake with ownership of 8,000 shares as of q2 2015 for 7.89% of the portfolio. Tide Point Capital Management Lp is another notably bullish active investment manager who is having 550,000 shares of Ambarella or 2.22% of their portfolio. Also, Van Berkom & Associates Inc. have 1.86% of their portfolio invested in the company for 595,317 shares. The California-based fund Westend Capital Management Llc revealed it had acquired so far a stake worth about 1.73% of the active investment manager’s stock portfolio in Ambarella. The Tennessee-based fund Reliant Investment Management Llc is also positive about the stock, possessing 16,846 shares or 1.36% of their portfolio.

Ambarella (NASDAQ:AMBA) Profile

Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

Ambarella (NASDAQ:AMBA) closed at $54.4 yesterday. A total of 242,819 shares of the company’s stock traded hands. This is down from average of 563,156 shares. Ambarella has a 52 week low of $46.80 and a 52 week high of $74.95. The company has a market cap of $1.82B and a P/E ratio of 32.07.

Get the latest Ambarella (NASDAQ:AMBA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Dougherty & Co Maintains a “Buy” Rating on Ambarella (NASDAQ:AMBA) and $60.0 Target appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Dougherty & Co Maintains a “Buy” Rating on Ambarella (NASDAQ:AMBA) and $60.0 Target


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