Ambarella, Inc. (NASDAQ:AMBA) is set to release its earnings data after the market closes on Wednesday, November 29th. Analysts expect Ambarella to post earnings of $0.67 per share for the quarter.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, August 31st. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $71.63 million during the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, analysts expect Ambarella to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Ambarella, Inc. (NASDAQ AMBA) opened at $56.98 on Wednesday. The company has a market cap of $1,890.00, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 5.69 and a beta of 1.59. Ambarella, Inc. has a 12 month low of $40.06 and a 12 month high of $65.78.

A number of brokerages have commented on AMBA. Craig Hallum cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Ambarella in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Ambarella in a research note on Friday, September 1st. Canaccord Genuity cut their price target on shares of Ambarella from $72.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, September 5th. Finally, ValuEngine upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $58.86.

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In other news, insider Leslie Kohn sold 6,467 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.50, for a total transaction of $300,715.50. Following the completion of the sale, the insider now owns 907,645 shares in the company, valued at approximately $42,205,492.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christopher Day sold 2,618 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $49.15, for a total transaction of $128,674.70. Following the transaction, the vice president now directly owns 20,377 shares in the company, valued at $1,001,529.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,835 shares of company stock valued at $1,301,265. 5.80% of the stock is currently owned by corporate insiders.

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.

Earnings History for Ambarella (NASDAQ:AMBA)

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