Equities analysts expect that Ambarella Inc (NASDAQ:AMBA) will report earnings of $0.37 per share for the current quarter, Zacks reports. Six analysts have made estimates for Ambarella’s earnings, with estimates ranging from $0.36 to $0.40. Ambarella reported earnings of $0.92 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 59.8%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, February 27th.
On average, analysts expect that Ambarella will report full year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $2.01. For the next fiscal year, analysts forecast that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.33 to $2.05. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Ambarella.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The company had revenue of $89.06 million for the quarter, compared to analysts’ expectations of $89.41 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. Ambarella’s revenue for the quarter was down 11.4% on a year-over-year basis.
Several analysts recently weighed in on AMBA shares. Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a research note on Friday, December 1st. Zacks Investment Research raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $65.00 price target (up previously from $58.00) on shares of Ambarella in a research report on Friday, October 13th. UBS Group raised shares of Ambarella from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub cut shares of Ambarella from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Ambarella has an average rating of “Hold” and a consensus price target of $60.14.
In other news, insider Leslie Kohn sold 4,614 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $57.69, for a total transaction of $266,181.66. Following the transaction, the insider now owns 906,766 shares of the company’s stock, valued at approximately $52,311,330.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Yun-Lung Chen sold 11,340 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $59.80, for a total transaction of $678,132.00. Following the transaction, the vice president now directly owns 11,386 shares in the company, valued at approximately $680,882.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,553 shares of company stock worth $2,145,108 in the last three months. Insiders own 5.80% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in AMBA. Vanguard Group Inc. raised its holdings in shares of Ambarella by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,145,609 shares of the semiconductor company’s stock worth $104,169,000 after acquiring an additional 60,770 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Ambarella by 6.5% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,316,350 shares of the semiconductor company’s stock worth $64,514,000 after acquiring an additional 80,867 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Ambarella by 54.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,014,489 shares of the semiconductor company’s stock worth $49,720,000 after acquiring an additional 359,417 shares during the last quarter. AXA raised its holdings in shares of Ambarella by 17.8% in the 3rd quarter. AXA now owns 834,078 shares of the semiconductor company’s stock worth $40,878,000 after acquiring an additional 125,972 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Ambarella by 5.9% in the 2nd quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after acquiring an additional 33,237 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors.
Shares of Ambarella (NASDAQ:AMBA) traded down $1.59 during trading on Friday, hitting $48.15. 729,397 shares of the company traded hands, compared to its average volume of 1,180,000. Ambarella has a one year low of $40.06 and a one year high of $66.23. The company has a market capitalization of $1,550.00, a PE ratio of 46.30, a price-to-earnings-growth ratio of 6.88 and a beta of 1.52.
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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.
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