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Dougherty & Company Reiterates a Buy Rating on Ambarella Corporation (NDAQ:AMBA) and $60.00 Target

London Ambarella Corporation NDAQ:AMBA

Ambarella Corporation (NDAQ:AMBA) Rating Kept

NDAQ:AMBA is currently trading -22.35% lower at $42.24 as of 8:02 AM New York time. Ambarella Corporation’s stock is 0% over the past 200 days. It has underperformed the S&P500, which has surged 6.00% over the same time period.

Out of 8 brokers covering Ambarella Corporation, 7 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $86 and the lowest is $43 according to Thomson/First Call. The 12-month mean target is $57.63, which means upside potential of 36.43% over the current price.

AMBA Stock Chart

Institutional Ownership

Jetstream Capital Llc had the most significant stake with ownership of 8,000 shares as of Q2 2015 for 7.89% of the stocks portfolio. Tide Point Capital Management Lp is another quite bullish institutional investor who is possessing 550,000 shares of Ambarella Corporation or 2.22% of their stocks portfolio. Further, Van Berkom & Associates Inc. have 1.86% of their stocks portfolio invested in the company for 595,317 shares. The California-based fund Westend Capital Management Llc disclosed it had purchased a stake worth about 1.73% of the institutional investor’s stock portfolio in Ambarella Corporation. The Tennessee-based fund Reliant Investment Management Llc is also positive about the stock, possessing 16,846 shares or 1.36% of their stocks portfolio.

Ambarella Corporation (NDAQ: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 Corporation (NDAQ:AMBA) traded down -22.35% on 1 September, hitting $42.24. A total of 16.07M shares of the company’s stock traded hands. This is up from average of 563,156 shares. Ambarella Corporation has a 52 week low of $42.01 and a 52 week high of $74.95. The company has a market cap of $1.42B and a P/E ratio of 24.9.

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

The post Dougherty & Company Reiterates a Buy Rating on Ambarella Corporation (NDAQ:AMBA) and $60.00 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 & Company Reiterates a Buy Rating on Ambarella Corporation (NDAQ:AMBA) and $60.00 Target


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