$0.37 EPS Expected for Ambarella, Inc. (NASDAQ:AMBA) This Quarter

Brokerages expect Ambarella, Inc. (NASDAQ:AMBAGet Rating) to announce earnings of $0.37 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Ambarella’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.39. Ambarella reported earnings of $0.23 per share in the same quarter last year, which indicates a positive year over year growth rate of 60.9%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Ambarella will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.91. For the next year, analysts forecast that the company will post earnings of $2.25 per share, with EPS estimates ranging from $1.98 to $2.65. Zacks’ EPS averages are an average based on a survey of analysts that cover Ambarella.

Ambarella (NASDAQ:AMBAGet Rating) last posted its earnings results on Monday, February 28th. The semiconductor company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.25). The business had revenue of $90.23 million for the quarter, compared to analyst estimates of $90.18 million. Ambarella had a negative return on equity of 4.95% and a negative net margin of 7.96%. The company’s quarterly revenue was up 45.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.39) earnings per share.

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Ambarella from $229.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, March 1st. Cowen lowered their target price on shares of Ambarella from $235.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, March 1st. Bank of America lowered their target price on shares of Ambarella from $140.00 to $130.00 and set an “underperform” rating for the company in a report on Tuesday, March 1st. Robert W. Baird raised shares of Ambarella from a “neutral” rating to an “outperform” rating and set a $200.00 target price for the company in a report on Thursday, February 10th. Finally, KeyCorp decreased their price target on shares of Ambarella from $230.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday, March 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $169.53.

In related news, Director Christopher B. Paisley sold 250 shares of the stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $100.05, for a total value of $25,012.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Yun-Lung Chen sold 19,241 shares of the firm’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $96.92, for a total value of $1,864,837.72. The disclosure for this sale can be found here. Insiders have sold a total of 176,723 shares of company stock worth $16,280,767 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Ambarella by 5.4% during the 4th quarter. BlackRock Inc. now owns 3,505,323 shares of the semiconductor company’s stock valued at $711,195,000 after buying an additional 179,065 shares in the last quarter. Invesco Ltd. grew its position in shares of Ambarella by 4.9% in the 4th quarter. Invesco Ltd. now owns 1,256,761 shares of the semiconductor company’s stock worth $254,984,000 after buying an additional 59,161 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Ambarella by 23.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,090,661 shares of the semiconductor company’s stock worth $169,860,000 after buying an additional 204,441 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Ambarella by 99.3% during the third quarter. Macquarie Group Ltd. now owns 1,077,447 shares of the semiconductor company’s stock valued at $167,801,000 after purchasing an additional 536,743 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Ambarella by 61.7% during the second quarter. Morgan Stanley now owns 690,304 shares of the semiconductor company’s stock valued at $73,606,000 after purchasing an additional 263,299 shares in the last quarter. Hedge funds and other institutional investors own 76.44% of the company’s stock.

Shares of NASDAQ AMBA traded up $0.30 during mid-day trading on Monday, hitting $83.90. The company had a trading volume of 2,653 shares, compared to its average volume of 796,665. The firm has a market cap of $3.19 billion, a P/E ratio of -114.98 and a beta of 1.19. Ambarella has a 12 month low of $80.00 and a 12 month high of $227.59. The business’s 50-day simple moving average is $102.74 and its 200-day simple moving average is $149.67.

About Ambarella (Get Rating)

Ambarella, Inc develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, 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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