Equities analysts expect Ambarella Inc (NASDAQ:AMBA) to post earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Ambarella’s earnings, with estimates ranging from $0.07 to $0.10. Ambarella posted earnings of $0.39 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 76.9%. The firm is scheduled to announce its next earnings report on Tuesday, June 5th.

According to Zacks, analysts expect that Ambarella will report full-year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.65. For the next year, analysts anticipate that the business will report earnings of $2.02 per share, with EPS estimates ranging from $1.44 to $2.32. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Ambarella.

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Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, March 1st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Ambarella had a net margin of 6.38% and a return on equity of 4.04%. The company had revenue of $70.60 million during the quarter, compared to analysts’ expectations of $70.26 million. During the same quarter in the prior year, the company earned $0.92 EPS. Ambarella’s revenue was down 19.3% compared to the same quarter last year.

Several analysts recently issued reports on AMBA shares. UBS raised shares of Ambarella from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. BidaskClub cut shares of Ambarella from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Vetr cut shares of Ambarella from a “buy” rating to a “hold” rating and set a $61.51 price target for the company. in a research note on Thursday, December 28th. Zacks Investment Research cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. Finally, Oppenheimer raised shares of Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Ambarella currently has a consensus rating of “Hold” and a consensus price target of $60.83.

In other news, Director Christopher B. Paisley sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $54.87, for a total value of $54,870.00. Following the transaction, the director now directly owns 15,302 shares in the company, valued at approximately $839,620.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leslie Kohn sold 3,060 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $53.07, for a total transaction of $162,394.20. Following the completion of the transaction, the insider now owns 907,740 shares in the company, valued at $48,173,761.80. The disclosure for this sale can be found here. In the last three months, insiders sold 13,882 shares of company stock valued at $738,518. Corporate insiders own 5.80% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Ambarella by 98.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,334 shares of the semiconductor company’s stock worth $197,000 after acquiring an additional 1,658 shares during the last quarter. HPM Partners LLC acquired a new position in shares of Ambarella in the 4th quarter worth approximately $207,000. Belpointe Asset Management LLC acquired a new position in shares of Ambarella in the 3rd quarter worth approximately $216,000. Ardsley Advisory Partners acquired a new position in shares of Ambarella in the 4th quarter worth approximately $235,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Ambarella by 13.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,506 shares of the semiconductor company’s stock worth $417,000 after acquiring an additional 1,033 shares during the last quarter. Hedge funds and other institutional investors own 69.87% of the company’s stock.

NASDAQ AMBA traded down $0.37 during trading hours on Thursday, hitting $51.29. 403,531 shares of the company’s stock traded hands, compared to its average volume of 1,048,086. Ambarella has a 52-week low of $40.06 and a 52-week high of $66.23. The stock has a market cap of $1,735.27, a PE ratio of 93.20, a P/E/G ratio of 15.70 and a beta of 1.23.

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Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, 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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