-$0.06 EPS Expected for Ambarella Inc (AMBA) This Quarter

Equities analysts expect Ambarella Inc (NASDAQ:AMBA) to report earnings per share of ($0.06) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ambarella’s earnings, with estimates ranging from ($0.08) to ($0.03). Ambarella posted earnings per share of $0.13 during the same quarter last year, which would indicate a negative year-over-year growth rate of 146.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, June 4th.

On average, analysts expect that Ambarella will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from ($0.09) to $0.42. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.62 per share, with EPS estimates ranging from $0.12 to $1.62. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Ambarella.

Ambarella (NASDAQ:AMBA) last issued its earnings results on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.10. Ambarella had a negative net margin of 13.37% and a negative return on equity of 8.37%.

A number of research analysts have issued reports on the stock. Craig Hallum raised shares of Ambarella from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Wednesday, March 6th. Zacks Investment Research raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Northland Securities reaffirmed a “buy” rating on shares of Ambarella in a report on Wednesday, March 6th. TheStreet cut shares of Ambarella from a “c-” rating to a “d” rating in a research note on Friday, November 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a research note on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.67.

Ambarella stock traded up $0.28 during mid-day trading on Friday, reaching $43.75. The company had a trading volume of 540,916 shares, compared to its average volume of 555,238. Ambarella has a 1 year low of $30.00 and a 1 year high of $55.50. The stock has a market cap of $1.41 billion, a PE ratio of -38.72 and a beta of 1.04.

In related news, VP Yun-Lung Chen sold 6,320 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $41.28, for a total transaction of $260,889.60. Following the sale, the vice president now owns 27,511 shares in the company, valued at $1,135,654.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 7,627 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $38.00, for a total transaction of $289,826.00. Following the sale, the chief executive officer now owns 406,631 shares in the company, valued at approximately $15,451,978. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,063 shares of company stock valued at $826,854. Corporate insiders own 5.84% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stephens Inc. AR acquired a new stake in Ambarella during the fourth quarter worth approximately $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Ambarella during the fourth quarter worth approximately $210,000. Paloma Partners Management Co acquired a new stake in Ambarella during the fourth quarter worth approximately $234,000. Fox Run Management L.L.C. acquired a new stake in Ambarella during the fourth quarter worth approximately $244,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Ambarella during the third quarter worth approximately $328,000. Hedge funds and other institutional investors own 74.22% of the company’s stock.

Ambarella Company Profile

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