Ambarella Inc (AMBA) Expected to Announce Earnings of $0.09 Per Share

Equities research analysts expect Ambarella Inc (NASDAQ:AMBA) to post $0.09 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Ambarella’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.07. Ambarella reported earnings of $0.39 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 76.9%. The firm is scheduled to report its next quarterly earnings report on Tuesday, June 5th.

According to Zacks, analysts expect that Ambarella will report full year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.65. For the next financial year, analysts anticipate that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.44 to $2.32. Zacks’ EPS averages are an average based on a survey of research analysts that cover Ambarella.

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Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, March 1st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. Ambarella had a return on equity of 4.08% and a net margin of 6.38%. The business had revenue of $70.60 million for the quarter, compared to analysts’ expectations of $70.26 million. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue was down 19.3% on a year-over-year basis.

A number of brokerages recently weighed in on AMBA. Vetr upgraded Ambarella from a “hold” rating to a “buy” rating and set a $61.51 target price on the stock in a report on Tuesday, December 5th. Oppenheimer upgraded Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Wednesday, January 3rd. Zacks Investment Research upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a report on Friday, December 1st. Finally, BidaskClub upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $60.83.

In other Ambarella news, CEO Feng-Ming Wang sold 6,024 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $53.07, for a total transaction of $319,693.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO George Laplante sold 2,786 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $53.07, for a total value of $147,853.02. Following the transaction, the chief financial officer now owns 103,688 shares in the company, valued at approximately $5,502,722.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,317 shares of company stock worth $1,003,731. 5.80% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. McCollum Christoferson Group LLC purchased a new stake in shares of Ambarella during the fourth quarter worth about $3,930,000. Caxton Associates LP purchased a new stake in shares of Ambarella during the third quarter worth about $1,005,000. Global X Management Co. LLC increased its position in shares of Ambarella by 58.4% during the fourth quarter. Global X Management Co. LLC now owns 23,377 shares of the semiconductor company’s stock worth $1,373,000 after acquiring an additional 8,615 shares during the last quarter. Employees Retirement System of Texas increased its position in shares of Ambarella by 100.0% during the fourth quarter. Employees Retirement System of Texas now owns 82,000 shares of the semiconductor company’s stock worth $4,818,000 after acquiring an additional 41,000 shares during the last quarter. Finally, Nicholas Investment Partners LP increased its position in shares of Ambarella by 37.3% during the third quarter. Nicholas Investment Partners LP now owns 56,931 shares of the semiconductor company’s stock worth $2,790,000 after acquiring an additional 15,470 shares during the last quarter. Institutional investors own 69.88% of the company’s stock.

Ambarella (NASDAQ:AMBA) traded up $0.56 during mid-day trading on Monday, hitting $50.56. The stock had a trading volume of 322,034 shares, compared to its average volume of 1,006,745. Ambarella has a 1-year low of $40.06 and a 1-year high of $66.23. The firm has a market capitalization of $1,665.33, a PE ratio of 92.11, a price-to-earnings-growth ratio of 15.07 and a beta of 1.53.

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Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company's system-on-a-chip designs 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.

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