Ambarella Company Profile (NASDAQ:AMBA)

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

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

Ambarella, Inc. (NASDAQ:AMBA) posted its quarterly earnings data on Tuesday, June, 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $64.10 million for the quarter, compared to analysts' expectations of $63.54 million. Ambarella had a net margin of 18.47% and a return on equity of 13.70%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. View Ambarella's Earnings History.

Ambarella is scheduled to release their next quarterly earnings announcement on Wednesday, August, 30th 2017. View Earnings Estimates for Ambarella.

12 brokerages have issued twelve-month price targets for Ambarella's shares. Their predictions range from $50.00 to $80.00. On average, they anticipate Ambarella's share price to reach $67.40 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, "Ambarella develops video compression and image processing semiconductors. The company had reported better-than-expected first-quarter fiscal 2018 results. However, the company’s disappointing guidance for the forthcoming quarter 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. Also, macroeconomic challenges and tepid IT spending remain other near-term concerns. Notably, the stock has underperformed the broader market in the last one year." (7/11/2017)
• 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)
• 4. Pacific Crest analysts commented, "We are lowering revenue estimates slightly but our EPS is unchanged on better gross margin." (9/2/2016)

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

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 shareholders include Van Berkom & Associates Inc. (3.68%), Handelsbanken Fonder AB (0.24%), NN Investment Partners Holdings N.V. (0.19%), Handelsinvest Investeringsforvaltning (0.12%), First National Bank of Omaha (0.07%) and Sit Investment Associates Inc. (0.04%). 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 Sit Investment Associates Inc., Creative Planning and Independent Portfolio Consultants Inc.. 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 bought by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., NN Investment Partners Holdings N.V., Handelsinvest Investeringsforvaltning, First National Bank of Omaha and Dubuque Bank & Trust Co.. 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 $50.72.