Ambarella, Inc. (NASDAQ:AMBA) will be releasing its earnings data after the market closes on Wednesday, August 30th. Analysts expect Ambarella to post earnings of $0.44 per share for the quarter.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, June 6th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $63.54 million. During the same period last year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts expect Ambarella to post $0.69 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.

Shares of Ambarella, Inc. (AMBA) opened at 52.98 on Monday. Ambarella, Inc. has a 52-week low of $46.80 and a 52-week high of $74.95. The company has a 50 day moving average of $50.97 and a 200 day moving average of $54.18. The firm has a market capitalization of $1.78 billion, a PE ratio of 31.31 and a beta of 1.61.

Ambarella announced that its Board of Directors has initiated a share buyback plan on Tuesday, June 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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In other news, CFO George Laplante sold 4,836 shares of the company’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $48.77, for a total transaction of $235,851.72. Following the completion of the sale, the chief financial officer now directly owns 100,848 shares in the company, valued at approximately $4,918,356.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Leslie Kohn sold 5,973 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $48.77, for a total value of $291,303.21. Following the sale, the insider now owns 904,530 shares of the company’s stock, valued at $44,113,928.10. The disclosure for this sale can be found here. Insiders sold a total of 23,963 shares of company stock valued at $1,168,676 over the last 90 days. 5.80% of the stock is currently owned by corporate insiders.

AMBA has been the topic of several recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $72.00 price target on shares of Ambarella in a research report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price target (down previously from $65.00) on shares of Ambarella in a research report on Wednesday, June 7th. Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 31st. TheStreet lowered Ambarella from a “b” rating to a “c+” rating in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG lowered their price target on Ambarella from $55.00 to $54.00 and set a “hold” rating on the stock in a research report on Friday, June 9th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.88.

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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