Ambarella (NASDAQ:AMBA) is scheduled to be releasing its earnings results after the market closes on Tuesday, March 2nd. Analysts expect Ambarella to post earnings of ($0.35) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
Ambarella (NASDAQ:AMBA) last posted its earnings results on Sunday, November 22nd. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $56.09 million during the quarter, compared to analysts' expectations of $54.09 million. Ambarella had a negative net margin of 27.64% and a negative return on equity of 12.74%. On average, analysts expect Ambarella to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
AMBA opened at $121.41 on Tuesday. The business's 50 day moving average is $109.43 and its 200-day moving average is $74.70. The stock has a market cap of $4.27 billion, a PE ratio of -68.98 and a beta of 1.49. Ambarella has a twelve month low of $36.02 and a twelve month high of $128.93.
In other news, Director Teresa H. Meng sold 958 shares of Ambarella stock in a transaction on Tuesday, December 22nd. The stock was sold at an average price of $92.00, for a total transaction of $88,136.00. Following the transaction, the director now owns 3,936 shares in the company, valued at $362,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Leslie Kohn sold 24,970 shares of the company's stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $90.08, for a total value of $2,249,297.60. Following the transaction, the chief technology officer now directly owns 889,020 shares in the company, valued at $80,082,921.60. The disclosure for this sale can be found here. Insiders have sold 92,603 shares of company stock valued at $8,026,813 over the last ninety days. Insiders own 5.69% of the company's stock.
AMBA has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on Ambarella from $63.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, November 24th. Zacks Investment Research upgraded shares of Ambarella from a "sell" rating to a "hold" rating and set a $130.00 price objective on the stock in a research note on Friday. Rosenblatt Securities increased their target price on shares of Ambarella from $82.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, December 3rd. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a research report on Monday, November 23rd. Finally, Roth Capital upgraded shares of Ambarella from a "neutral" rating to a "buy" rating and raised their price objective for the company from $95.00 to $130.00 in a research note on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company's stock. The stock presently has an average rating of "Buy" and a consensus price target of $87.00.
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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