Ambarella, Inc. (NASDAQ:AMBA) is expected to report earnings of $0.37 per share


Stock analysts are predicting that Ambarella, Inc. (NASDAQ:AMBA – Get Rating) will post earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have released earnings estimates for Ambarella, with the lowest EPS estimate of $0.33 and the highest estimate of $0.39. Ambarella reported earnings per share of $0.23 in the same quarter last year, indicating a positive growth rate of 60.9% year over year. The company is expected to release its next quarterly results on Monday, January 1.

According to Zacks, analysts expect Ambarella to report annual earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.91. For the next fiscal year, analysts expect the company to post earnings of $2.25 per share, with EPS estimates ranging from $1.98 to $2.65. Zacks’ EPS calculations are an average average based on a survey of sell-side research analysts who follow Ambarella.

Ambarella Inc (NASDAQ:AMBA – Get Rating) last released its quarterly earnings data on Monday, February 28. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.04) by ($0.25). Ambarella had a negative net margin of 7.96% and a negative return on equity of 4.95%. The company posted revenue of $90.23 million for the quarter, versus analyst estimates of $90.18 million. During the same period of the previous year, the company posted an EPS of ($0.39). Ambarella revenue for the quarter increased 45.2% year over year.

AMBA has been the subject of a number of recent analyst reports. Robert W. Baird upgraded Ambarella from a “neutral” rating to an “outperforming” rating and set a $200.00 price target on the stock in a Thursday, February 10 research note. Craig Hallum lowered his price target on Ambarella from $250.00 to $170.00 in a Tuesday, March 1 research note. Stifel Nicolaus reissued a “buy” rating and issued a target price of $160.00 on Ambarella shares in a Monday, April 4 report. Wells Fargo & Company cut its price target on Ambarella from $205.00 to $175.00 and set an “overweight” rating on the stock in a Tuesday, March 1 report. Finally, Rosenblatt Securities cut its price target on Ambarella from $250.00 to $200.00 and set a “buy” rating on the stock in a Tuesday, March 1 report. Three analysts have assigned the stock a sell rating, two have assigned a hold rating and thirteen have assigned the stock a buy rating. According to data from MarketBeat, Ambarella currently has a consensus rating of “Buy” and a consensus target price of $171.20.

In other Ambarella news, Vice Chairman Yun-Lung Chen sold 8,000 shares of the company in a trade dated Tuesday, March 29. The shares were sold at an average price of $104.22, for a total value of $833,760.00. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, director Andrew W. Verhalen purchased 11,455 shares of the company in a transaction that took place on Monday, March 7. The shares were acquired at an average price of $88.59 per share, for a total transaction of $1,014,798.45. Disclosure of this purchase can be found here. In the past 90 days, insiders have sold 176,723 shares of the company worth $16,280,767. 5.60% of the shares are held by insiders of the company.

Several hedge funds have recently increased or reduced their holdings in AMBA. Macquarie Group Ltd. raised its position in Ambarella shares by 99.3% in the third quarter. Macquarie Group Ltd. now owns 1,077,447 shares of the semiconductor company worth $167,801,000 after purchasing an additional 536,743 shares during the period. Norges Bank purchased a new equity stake in Ambarella in Q4 for a value of approximately $84,942,000. Lord Abbett & CO. LLC purchased a new equity stake in Ambarella in Q3 worth approximately $63,529,000. Polar Capital Holdings Plc purchased a new equity stake in Ambarella in Q3 for a value of approximately $55,713,000. Finally, Marshall Wace LLP increased its position in Ambarella shares by 11,075.2% in the 4th quarter. Marshall Wace LLP now owns 309,665 shares of the semiconductor company worth $62,828,000 after purchasing an additional 306,894 shares during the period. 76.44% of the shares are currently held by institutional investors.

Shares of NASDAQ:AMBA traded at $2.07 on Monday, hitting $88.62. The company had a trading volume of 415,198 shares, compared to its average volume of 848,216. The stock has a 50-day moving average price of $113.24 and a 200-day moving average price of 154, $30. The stock has a market capitalization of $3.37 billion, a P/E ratio of -121.40 and a beta of 1.19. Ambarella has a 12-month low of $81.28 and a 12-month high of $227.59.

About Ambarella (Get an assessment)

Ambarella, Inc develops video semiconductor solutions that enable high definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company’s system-on-chip designs integrate HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing and system functions on a single chip to deliver video quality and performance. image, differentiated functionality and low power consumption.

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