Wall Street brokerages expect Ambarella Inc (NASDAQ:AMBA) to announce earnings per share (EPS) of $0.21 for the current quarter, Zacks reports. Five analysts have made estimates for Ambarella’s earnings, with estimates ranging from $0.19 to $0.22. Ambarella also posted earnings per share of $0.21 during the same quarter last year. The company is scheduled to issue its next earnings results on Thursday, December 5th.

According to Zacks, analysts expect that Ambarella will report full year earnings of $0.50 per share for the current year, with EPS estimates ranging from $0.46 to $0.54. For the next year, analysts forecast that the firm will post earnings of $0.61 per share, with EPS estimates ranging from $0.49 to $0.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Ambarella.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, August 29th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.05. The company had revenue of $56.41 million during the quarter, compared to the consensus estimate of $52.00 million. Ambarella had a negative net margin of 19.38% and a negative return on equity of 10.82%. Ambarella’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share.

A number of analysts recently issued reports on the company. KeyCorp reissued a “hold” rating on shares of Ambarella in a research report on Friday, August 30th. Northland Securities set a $59.00 price target on Ambarella and gave the stock a “buy” rating in a research note on Friday, August 30th. Bank of America set a $50.00 price target on Ambarella and gave the stock a “sell” rating in a research report on Friday, August 30th. Needham & Company LLC reiterated a “sell” rating on shares of Ambarella in a research note on Friday, August 30th. Finally, Zacks Investment Research raised Ambarella from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $59.38.

Shares of AMBA traded up $2.54 during midday trading on Friday, reaching $66.30. 962,878 shares of the stock were exchanged, compared to its average volume of 580,231. Ambarella has a twelve month low of $30.00 and a twelve month high of $67.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.01 and a quick ratio of 9.42. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -59.73 and a beta of 1.20. The business’s 50-day moving average price is $50.19 and its 200 day moving average price is $45.75.

In other news, CEO Feng-Ming Wang sold 5,535 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $43.06, for a total value of $238,337.10. Following the transaction, the chief executive officer now owns 409,369 shares of the company’s stock, valued at $17,627,429.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $60.00, for a total value of $30,000.00. Following the sale, the director now owns 23,433 shares of the company’s stock, valued at approximately $1,405,980. The disclosure for this sale can be found here. Insiders have sold 75,106 shares of company stock valued at $4,218,367 in the last quarter. Insiders own 6.31% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new stake in Ambarella in the 2nd quarter valued at approximately $47,000. Captrust Financial Advisors purchased a new stake in shares of Ambarella in the second quarter valued at approximately $79,000. Aperio Group LLC acquired a new position in Ambarella during the second quarter worth $89,000. Belpointe Asset Management LLC acquired a new position in Ambarella during the first quarter worth $119,000. Finally, Bank of Montreal Can raised its position in Ambarella by 1,338.5% in the second quarter. Bank of Montreal Can now owns 2,877 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 2,677 shares in the last quarter. Hedge funds and other institutional investors own 74.59% of the company’s stock.

Ambarella Company Profile

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