Wall Street analysts expect Ambarella Inc (NASDAQ:AMBA) to post $56.23 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Ambarella’s earnings. The lowest sales estimate is $56.00 million and the highest is $56.52 million. Ambarella reported sales of $64.14 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.3%. The company is expected to issue its next quarterly earnings report on Tuesday, June 5th.

According to Zacks, analysts expect that Ambarella will report full-year sales of $56.23 million for the current financial year, with estimates ranging from $290.86 million to $315.00 million. For the next financial year, analysts anticipate that the business will report sales of $353.11 million per share, with estimates ranging from $327.48 million to $383.80 million. Zacks’ sales averages are an average based on a survey of analysts that follow Ambarella.

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Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, March 1st. The semiconductor company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Ambarella had a net margin of 6.38% and a return on equity of 4.08%. The firm had revenue of $70.60 million for the quarter, compared to the consensus estimate of $70.26 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s revenue was down 19.3% on a year-over-year basis.

AMBA has been the topic of several research reports. Stifel Nicolaus restated a “buy” rating and set a $62.00 price objective (up previously from $52.00) on shares of Ambarella in a report on Wednesday, November 22nd. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a report on Friday, December 1st. Oppenheimer restated a “hold” rating on shares of Ambarella in a report on Friday, December 1st. Vetr upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.51 price objective on the stock in a report on Tuesday, December 5th. Finally, BidaskClub downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $60.83.

Ambarella (NASDAQ AMBA) traded up $1.03 on Friday, reaching $54.14. 480,056 shares of the company’s stock traded hands, compared to its average volume of 895,663. Ambarella has a 1 year low of $40.06 and a 1 year high of $66.23. The firm has a market capitalization of $1,800.00, a P/E ratio of 98.44, a price-to-earnings-growth ratio of 16.57 and a beta of 1.53.

In other news, VP Christopher Day sold 1,111 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $57.69, for a total value of $64,093.59. Following the completion of the sale, the vice president now owns 22,216 shares in the company, valued at approximately $1,281,641.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $54.87, for a total transaction of $54,870.00. Following the completion of the sale, the director now owns 15,302 shares of the company’s stock, valued at approximately $839,620.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,213 shares of company stock valued at $1,403,386. Company insiders own 5.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AMBA. The Manufacturers Life Insurance Company grew its position in Ambarella by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 24,951 shares of the semiconductor company’s stock valued at $1,212,000 after buying an additional 376 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Ambarella by 17.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,908 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 734 shares during the period. Envestnet Asset Management Inc. grew its position in Ambarella by 13.8% during the third quarter. Envestnet Asset Management Inc. now owns 8,506 shares of the semiconductor company’s stock valued at $417,000 after buying an additional 1,033 shares during the period. Victory Capital Management Inc. grew its position in Ambarella by 53.4% during the third quarter. Victory Capital Management Inc. now owns 3,437 shares of the semiconductor company’s stock valued at $168,000 after buying an additional 1,197 shares during the period. Finally, Swiss National Bank grew its position in Ambarella by 2.7% during the fourth quarter. Swiss National Bank now owns 57,133 shares of the semiconductor company’s stock valued at $3,357,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 69.90% 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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