Wall Street brokerages forecast that Ambarella Inc (NASDAQ:AMBA) will announce earnings of $0.03 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Ambarella’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.08. Ambarella reported earnings per share of $0.05 in the same quarter last year, which would suggest a negative year over year growth rate of 40%. The business is expected to issue its next earnings report after the market closes on Tuesday, June 6th.

On average, analysts expect that Ambarella will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $1.05. For the next year, analysts expect that the company will post earnings of $0.82 per share, with EPS estimates ranging from $0.39 to $1.09. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Ambarella.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, February 28th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The firm had revenue of $87.50 million during the quarter, compared to analysts’ expectations of $85.92 million. Ambarella had a net margin of 15.32% and a return on equity of 13.28%. Ambarella’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share.

Several brokerages have issued reports on AMBA. Vetr lowered shares of Ambarella from a “strong-buy” rating to a “buy” rating and set a $62.50 price target on the stock. in a research note on Monday, May 1st. Summit Redstone lowered shares of Ambarella from a “buy” rating to a “hold” rating and lowered their price target for the company from $76.00 to $50.00 in a research note on Friday, March 3rd. Zacks Investment Research upgraded shares of Ambarella from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Dougherty & Co upgraded shares of Ambarella from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, March 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price target on shares of Ambarella in a research note on Saturday, March 11th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $68.88.

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In related news, VP Christopher Day sold 1,071 shares of Ambarella stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $55.50, for a total transaction of $59,440.50. Following the completion of the sale, the vice president now owns 22,095 shares of the company’s stock, valued at approximately $1,226,272.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 1,000 shares of Ambarella stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $60.54, for a total transaction of $60,540.00. Following the sale, the director now directly owns 11,893 shares of the company’s stock, valued at approximately $720,002.22. The disclosure for this sale can be found here. Insiders have sold a total of 20,232 shares of company stock valued at $1,138,992 in the last ninety days. 5.43% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in AMBA. Point72 Asset Management L.P. bought a new stake in shares of Ambarella during the first quarter valued at approximately $586,000. FNY Partners Fund LP bought a new stake in shares of Ambarella during the first quarter valued at approximately $164,000. Tudor Investment Corp ET AL bought a new stake in shares of Ambarella during the first quarter valued at approximately $796,000. State Street Corp increased its stake in shares of Ambarella by 3.5% in the first quarter. State Street Corp now owns 561,807 shares of the semiconductor company’s stock valued at $30,731,000 after buying an additional 18,892 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Ambarella by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 53,300 shares of the semiconductor company’s stock valued at $2,917,000 after buying an additional 2,800 shares during the last quarter. 58.50% of the stock is owned by institutional investors and hedge funds.

Shares of Ambarella (NASDAQ:AMBA) traded up 1.27% during midday trading on Thursday, reaching $65.17. 534,903 shares of the company were exchanged. Ambarella has a 52-week low of $40.44 and a 52-week high of $74.95. The company has a market capitalization of $2.18 billion, a P/E ratio of 38.79 and a beta of 1.51. The stock has a 50-day moving average price of $56.98 and a 200 day moving average price of $55.81.

Ambarella Company Profile

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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