$0.43 EPS Expected for Ambarella, Inc. (NASDAQ:AMBA) This Quarter

Wall Street analysts expect Ambarella, Inc. (NASDAQ:AMBA) to report earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Ambarella’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.41. Ambarella reported earnings of $0.14 per share in the same quarter last year, which indicates a positive year over year growth rate of 207.1%. The business is expected to report its next quarterly earnings results on Tuesday, March 1st.

On average, analysts expect that Ambarella will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.60. For the next fiscal year, analysts forecast that the company will report earnings of $1.83 per share, with EPS estimates ranging from $1.67 to $2.08. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Ambarella.

Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, November 30th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The firm had revenue of $92.17 million for the quarter, compared to the consensus estimate of $90.35 million. Ambarella had a negative net margin of 9.78% and a negative return on equity of 5.92%. The company’s revenue was up 64.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.49) EPS.

AMBA has been the topic of a number of recent research reports. Rosenblatt Securities upped their target price on shares of Ambarella from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, December 1st. Craig Hallum upped their price target on shares of Ambarella from $170.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, December 1st. Wells Fargo & Company upgraded shares of Ambarella from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Wednesday. Needham & Company LLC upgraded shares of Ambarella to a “buy” rating and set a $225.00 price target on the stock in a research note on Wednesday, January 5th. Finally, Morgan Stanley upped their price target on shares of Ambarella from $137.00 to $222.00 and gave the stock an “overweight” rating in a research note on Monday, November 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $212.00.

In other news, VP Christopher Day sold 832 shares of the company’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $192.69, for a total transaction of $160,318.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Teresa H. Meng sold 959 shares of the company’s stock in a transaction dated Tuesday, December 7th. The shares were sold at an average price of $221.71, for a total transaction of $212,619.89. The disclosure for this sale can be found here. Insiders have sold a total of 47,268 shares of company stock worth $9,318,777 in the last 90 days. Company insiders own 5.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC increased its holdings in Ambarella by 93.1% in the 3rd quarter. Liberty Wealth Management LLC now owns 168 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 81 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in Ambarella in the 3rd quarter worth approximately $65,000. Itau Unibanco Holding S.A. purchased a new stake in Ambarella in the 2nd quarter worth approximately $46,000. Castleview Partners LLC purchased a new stake in Ambarella in the 2nd quarter worth approximately $56,000. Finally, IFP Advisors Inc increased its holdings in Ambarella by 669.8% in the 4th quarter. IFP Advisors Inc now owns 662 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 576 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

NASDAQ:AMBA opened at $155.82 on Wednesday. The firm’s 50-day moving average price is $189.84 and its 200-day moving average price is $151.09. The company has a market capitalization of $5.77 billion, a PE ratio of -187.73 and a beta of 1.15. Ambarella has a 1-year low of $82.59 and a 1-year high of $227.59.

About Ambarella

Ambarella, Inc engages in the development and sale of video compression, image processing, and computer vision solutions. It offers processors and software that cater to end markets including security cameras, automotive cameras, industrial and robotic applications, and consumer applications. The company was founded by Feng Ming Wang and Leslie D.

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Earnings History and Estimates for Ambarella (NASDAQ:AMBA)

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