Equities research analysts expect Ambarella, Inc. (NASDAQ:AMBA) to announce $70.77 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Ambarella’s earnings, with the highest sales estimate coming in at $71.80 million and the lowest estimate coming in at $70.50 million. Ambarella posted sales of $65.14 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.6%. The company is scheduled to report its next earnings report on Thursday, September 7th.

According to Zacks, analysts expect that Ambarella will report full year sales of $70.77 million for the current financial year, with estimates ranging from $306.60 million to $312.00 million. For the next fiscal year, analysts expect that the company will report sales of $352.17 million per share, with estimates ranging from $319.80 million to $370.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Ambarella.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, June 6th. The semiconductor company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. Ambarella had a net margin of 18.47% and a return on equity of 13.70%. The firm had revenue of $64.10 million for the quarter, compared to analyst estimates of $63.54 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year.

AMBA has been the topic of several recent research reports. Zacks Investment Research lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Wednesday, February 22nd. Vetr raised Ambarella from a “buy” rating to a “strong-buy” rating and set a $66.28 price target on the stock in a research report on Wednesday, February 22nd. Morgan Stanley reduced their price target on Ambarella from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 1st. Dougherty & Co raised Ambarella from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, March 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Ambarella in a research report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $67.88.

Shares of Ambarella (AMBA) opened at 48.80 on Thursday. Ambarella has a 1-year low of $46.80 and a 1-year high of $74.95. The company’s 50 day moving average is $57.64 and its 200-day moving average is $55.02. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.84 and a beta of 1.59.

In other news, CEO Feng-Ming Wang sold 11,628 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $48.77, for a total value of $567,097.56. Following the completion of the sale, the chief executive officer now directly owns 290,691 shares in the company, valued at approximately $14,177,000.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher Day sold 1,526 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $48.77, for a total value of $74,423.02. Following the completion of the sale, the vice president now owns 22,892 shares of the company’s stock, valued at $1,116,442.84. The disclosure for this sale can be found here. Insiders sold a total of 26,072 shares of company stock valued at $1,285,725 over the last quarter. Company insiders own 5.80% of the company’s stock.

Large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its stake in shares of Ambarella by 2.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,605 shares of the semiconductor company’s stock worth $197,000 after buying an additional 88 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Ambarella by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,121 shares of the semiconductor company’s stock worth $444,000 after buying an additional 92 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Ambarella by 4.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,174 shares of the semiconductor company’s stock worth $228,000 after buying an additional 181 shares during the period. Greylin Investment Mangement Inc. increased its stake in shares of Ambarella by 2.6% in the first quarter. Greylin Investment Mangement Inc. now owns 21,730 shares of the semiconductor company’s stock worth $1,189,000 after buying an additional 550 shares during the period. Finally, Redwood Investments LLC increased its stake in shares of Ambarella by 0.5% in the first quarter. Redwood Investments LLC now owns 124,436 shares of the semiconductor company’s stock worth $6,808,000 after buying an additional 612 shares during the period. Institutional investors and hedge funds own 55.62% of the company’s stock.

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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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