Ambarella Company Profile (NASDAQ:AMBA)

Ambarella trades on the NASDAQ under the ticker symbol "AMBA."

Ambarella announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 7th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Ambarella, Inc. (NASDAQ:AMBA) posted its quarterly earnings data on Thursday, August, 31st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $71.63 million for the quarter, compared to the consensus estimate of $70.79 million. Ambarella had a net margin of 16.45% and a return on equity of 11.94%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. View Ambarella's Earnings History.

Ambarella is scheduled to release their next quarterly earnings announcement on Wednesday, November, 29th 2017. View Earnings Estimates for Ambarella.

12 brokerages have issued 12-month target prices for Ambarella's stock. Their predictions range from $49.00 to $70.00. On average, they anticipate Ambarella's share price to reach $57.80 in the next twelve months. View Analyst Ratings for Ambarella.

Here are some recent quotes from research analysts about Ambarella stock:

• 1. According to Zacks Investment Research, "Video compression and image processing semiconductors developer, Ambarella reported better-than-expected Q2 results. We remain encouraged by the company’s efforts toward expanding its reach in other markets, such as IP security, automotive, non-GoPro wearable and drones/flying cameras and simultaneously lower dependency on GoPro. However, the company’s disappointing guidance for the forthcoming quarter as well as downbeat revenue outlook for fiscal 2018 makes us increasingly cautious about its near-term prospect. The soft guidance provided by the company may be due to the number of challenges it has been facing. The company faces three main challenges, the risk of losing its largest customer, GoPro; weakness in the drone market and increasing threat from QUALCOMM, which is acquiring NXP Semiconductors to build its presence in the same space. Notably, the stock has underperformed the industry in the last one year." (9/7/2017)
• 2. Stifel Nicolaus analysts commented, "While we've been calling for it for a few years now, it seems Ambarella and GoPro are parting ways. In our view, it is Ambarella that is turning its engineering resources toward other higher-growth markets, particularly where Computer Vision (i.e. Artificial Intelligence) features can be fully utilized. The first year of this separation from GoPro results in guidance for flat revenue y/y (up 25% y/y excluding GoPro-related revenue) and declining earnings. We view management's FY18 guidance as 'kitchen sink' and significantly de-risking the shares. Looking out to FY19, we believe the company can deliver 15% top and bottom line growth driven by IP Security, automotive and drone end markets. We continue to expect the company's new CV devices drive longer term growth and separate the company from competition." (3/1/2017)
• 3. Needham & Company LLC analysts commented, "AMBA's F4Q17 results exceeded expectations driven by strength in GoPro, whose revenue increased from 18% of sales in the prior year quarter to 34% in F4Q17. However, the company's outlook for FY18 fell short of expectations due to an inventory overhang at GoPro that will impact sales in F1H18 and GoPro's decision to use an alternative video processor supplier for its HERO 6 camera that will negatively impact demand in F2H18. While the rest of the business, excluding GoPro revenue, is expected to grow 20%-32% Y/Y in FY18, the loss of GoPro is will be a big hit to the top and bottom line in FY18. As such, we reduce our estimates to reflect the lower GoPro revenue and maintain our Hold rating." (3/1/2017)

Some companies that are related to Ambarella include Advanced Energy Industries (AEIS), Tower Semiconductor (TSEM), Sanmina Corporation (SANM), Vishay Intertechnology (VSH), Cree (CREE), Semtech Corporation (SMTC), Rogers Corporation (ROG), Mellanox Technologies (MLNX), Power Integrations (POWI), Cabot Microelectronics Corporation (CCMP), Plexus Corp. (PLXS), Celestica (CLS), Himax Technologies (HIMX), Benchmark Electronics (BHE), Inphi Corporation (IPHI), Silicon Motion Technology Corporation (SIMO), MaxLinear (MXL) and Diodes Incorporated (DIOD).

Ambarella's management team includes the folowing people:

• Feng-Ming Wang Ph.D., Chairman of the Board, President, Chief Executive Officer
• George W. Laplante, Chief Financial Officer
• Leslie D. Kohn, Chief Technology Officer, Director
• Christopher Day, Vice President - Marketing and Business Development
• Yun Lung Chen, Vice President - Business Development
• Chenming C. Hu Ph.D., Independent Director
• Christopher B. Paisley, Independent Director
• D. Jeffrey Richardson, Independent Director
• Andrew W. Verhalen, Independent Director

Ambarella's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.40%), Van Berkom & Associates Inc. (3.68%), Eagle Asset Management Inc. (3.43%), AXA (2.11%), Pinnacle Associates Ltd. (1.95%) and State of Tennessee Treasury Department (1.79%). Company insiders that own Ambarella stock include Christopher B Paisley, Christopher Day, Feng-Ming Wang, George Laplante, Leslie Kohn, Lip Bu Tan and Yun-Lung Chen. View Institutional Ownership Trends for Ambarella.

Ambarella's stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Teachers Advisors LLC, FMR LLC, Stifel Financial Corp, AHL Partners LLP, OxFORD Asset Management LLP, Pinnacle Associates Ltd. and Thrivent Financial For Lutherans. Company insiders that have sold Ambarella stock in the last year include Christopher B Paisley, Christopher Day, Feng-Ming Wang, George Laplante, Leslie Kohn and Yun-Lung Chen. View Insider Buying and Selling for Ambarella.

Ambarella's stock was acquired by a variety of institutional investors in the last quarter, including AXA, Rothschild Asset Management Inc., Eagle Asset Management Inc., Van Berkom & Associates Inc., State of Tennessee Treasury Department, Royal Bank of Canada, Rice Hall James & Associates LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Ambarella.

Shares of Ambarella can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Ambarella stock can currently be purchased for approximately $46.15.