Ambarella Inc (AMBA) Expected to Announce Earnings of -$0.06 Per Share

Wall Street brokerages expect Ambarella Inc (NASDAQ:AMBA) to announce ($0.06) earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Ambarella’s earnings, with estimates ranging from ($0.08) to ($0.05). Ambarella posted earnings of $0.13 per share during the same quarter last year, which would suggest a negative year over year growth rate of 146.2%. The firm is expected to report its next earnings report on Tuesday, June 4th.

According to Zacks, analysts expect that Ambarella will report full-year earnings of $0.01 per share for the current year, with EPS estimates ranging from ($0.09) to $0.16. For the next fiscal year, analysts forecast that the company will report earnings of $0.59 per share, with EPS estimates ranging from $0.12 to $1.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Ambarella.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, March 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 recently issued reports on AMBA shares. ValuEngine lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub upgraded shares of Ambarella from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Northland Securities reiterated a “buy” rating on shares of Ambarella in a research note on Wednesday, March 6th. Craig Hallum upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, March 6th. Finally, TheStreet upgraded shares of Ambarella from a “d” rating to a “c-” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $45.67.

Shares of Ambarella stock traded up $0.49 on Friday, reaching $43.20. 301,174 shares of the stock were exchanged, compared to its average volume of 726,055. Ambarella has a 1-year low of $30.00 and a 1-year high of $55.50. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -38.23 and a beta of 1.04.

In other Ambarella news, VP Yun-Lung Chen sold 6,320 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $41.28, for a total transaction of $260,889.60. Following the transaction, the vice president now directly owns 27,511 shares in the company, valued at $1,135,654.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Feng-Ming Wang sold 5,409 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $43.48, for a total transaction of $235,183.32. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $855,021 over the last 90 days. 5.84% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Ambarella by 2.5% during the third quarter. Vanguard Group Inc. now owns 2,407,044 shares of the semiconductor company’s stock worth $93,104,000 after buying an additional 57,943 shares during the period. Vanguard Group Inc grew its position in Ambarella by 2.5% during the third quarter. Vanguard Group Inc now owns 2,407,044 shares of the semiconductor company’s stock worth $93,104,000 after buying an additional 57,943 shares during the period. BlackRock Inc. grew its position in Ambarella by 2.5% during the third quarter. BlackRock Inc. now owns 1,690,551 shares of the semiconductor company’s stock worth $65,392,000 after buying an additional 41,782 shares during the period. Morgan Stanley grew its position in shares of Ambarella by 22.9% in the third quarter. Morgan Stanley now owns 626,825 shares of the semiconductor company’s stock valued at $24,245,000 after purchasing an additional 116,704 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Ambarella by 17.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 523,220 shares of the semiconductor company’s stock valued at $18,302,000 after purchasing an additional 76,000 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

About Ambarella

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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