Wall Street analysts expect that Ambarella Inc (NASDAQ:AMBA) will report $51.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ambarella’s earnings, with estimates ranging from $50.99 million to $51.60 million. Ambarella reported sales of $70.58 million during the same quarter last year, which indicates a negative year over year growth rate of 27.6%. The company is scheduled to report its next earnings results after the market closes on Tuesday, March 5th.
On average, analysts expect that Ambarella will report full-year sales of $228.78 million for the current year, with estimates ranging from $227.69 million to $234.40 million. For the next financial year, analysts expect that the business will report sales of $245.31 million, with estimates ranging from $229.00 million to $271.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Ambarella.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, November 29th. The semiconductor company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.01). Ambarella had a negative return on equity of 5.35% and a negative net margin of 9.97%. The company had revenue of $57.30 million for the quarter, compared to analyst estimates of $57.12 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was down 35.7% on a year-over-year basis.
Several research firms have recently commented on AMBA. ValuEngine downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. TheStreet downgraded shares of Ambarella from a “c-” rating to a “d” rating in a research note on Friday, November 30th. Roth Capital boosted their target price on shares of Ambarella to $40.00 and gave the company a “neutral” rating in a research report on Friday, November 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.75.
Shares of NASDAQ:AMBA traded up $0.55 on Friday, hitting $39.83. 246,677 shares of the company were exchanged, compared to its average volume of 451,196. Ambarella has a 1-year low of $30.00 and a 1-year high of $55.50. The company has a market capitalization of $1.27 billion, a P/E ratio of 72.42 and a beta of 1.03.
In other Ambarella news, CEO Feng-Ming Wang sold 7,627 shares of Ambarella stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $38.00, for a total value of $289,826.00. Following the completion of the transaction, the chief executive officer now owns 406,631 shares of the company’s stock, valued at $15,451,978. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Day sold 1,798 shares of Ambarella stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $41.35, for a total transaction of $74,347.30. Following the completion of the transaction, the vice president now directly owns 16,307 shares of the company’s stock, valued at approximately $674,294.45. The disclosure for this sale can be found here. Insiders have sold 16,541 shares of company stock valued at $636,581 over the last 90 days. 5.84% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stephens Inc. AR purchased a new position in Ambarella in the fourth quarter valued at $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Ambarella during the fourth quarter worth about $210,000. Paloma Partners Management Co purchased a new stake in shares of Ambarella during the fourth quarter worth about $234,000. Fox Run Management L.L.C. purchased a new stake in shares of Ambarella during the fourth quarter worth about $244,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Ambarella during the third quarter worth about $288,000. 75.99% of the stock is owned by institutional investors.
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.
Featured Article: Investing strategies using the yield curve
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.