Brokerages predict that Ambarella Inc (NASDAQ:AMBA) will report sales of $70.41 million for the current quarter, Zacks reports. Six analysts have made estimates for Ambarella’s earnings. The highest sales estimate is $71.20 million and the lowest is $70.00 million. Ambarella reported sales of $87.51 million during the same quarter last year, which would suggest a negative year over year growth rate of 19.5%. The company is scheduled to announce its next earnings results on Tuesday, February 27th.

On average, analysts expect that Ambarella will report full-year sales of $70.41 million for the current fiscal year, with estimates ranging from $294.80 million to $296.10 million. For the next financial year, analysts forecast that the firm will report sales of $304.16 million per share, with estimates ranging from $292.07 million to $327.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Ambarella.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $89.06 million during the quarter, compared to analysts’ expectations of $89.41 million. Ambarella had a return on equity of 7.87% and a net margin of 11.51%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share.

Several research firms recently weighed in on AMBA. BidaskClub cut Ambarella from a “sell” rating to a “strong sell” rating in a research note on Friday. Oppenheimer upgraded Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, January 3rd. UBS Group upgraded Ambarella from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Vetr cut Ambarella from a “buy” rating to a “hold” rating and set a $61.51 target price for the company. in a research note on Thursday, December 28th. Finally, Morgan Stanley boosted their target price on Ambarella from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $60.14.

In other news, VP Yun-Lung Chen sold 11,340 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $59.80, for a total value of $678,132.00. Following the transaction, the vice president now owns 11,386 shares of the company’s stock, valued at $680,882.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leslie Kohn sold 4,614 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $57.69, for a total value of $266,181.66. Following the completion of the transaction, the insider now directly owns 906,766 shares in the company, valued at approximately $52,311,330.54. The disclosure for this sale can be found here. In the last three months, insiders sold 36,553 shares of company stock worth $2,145,108. Corporate insiders own 5.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AMBA. State Street Corp grew its holdings in Ambarella by 5.9% during the second quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after acquiring an additional 33,237 shares during the period. ETF Managers Group LLC acquired a new position in Ambarella during the second quarter worth $557,000. Alpine Woods Capital Investors LLC grew its holdings in Ambarella by 21.8% during the third quarter. Alpine Woods Capital Investors LLC now owns 29,100 shares of the semiconductor company’s stock worth $1,426,000 after acquiring an additional 5,200 shares during the period. Northern Trust Corp grew its holdings in Ambarella by 4.5% during the second quarter. Northern Trust Corp now owns 344,807 shares of the semiconductor company’s stock worth $16,741,000 after acquiring an additional 14,710 shares during the period. Finally, Caxton Associates LP acquired a new position in Ambarella during the third quarter worth $1,005,000. 63.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ambarella (NASDAQ:AMBA) opened at $52.60 on Friday. The firm has a market capitalization of $1,750.00, a P/E ratio of 50.58, a P/E/G ratio of 5.21 and a beta of 1.59. Ambarella has a 52 week low of $40.06 and a 52 week high of $66.23.

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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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