Wall Street analysts predict that Ambarella Inc (NASDAQ:AMBA) will announce sales of $63.46 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Ambarella’s earnings, with the lowest sales estimate coming in at $63.4 million and the highest estimate coming in at $63.5 million. Ambarella posted sales of $57.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The firm is scheduled to report its next earnings results on Thursday, June 1st.
On average, analysts expect that Ambarella will report full year sales of $63.46 million for the current fiscal year, with estimates ranging from $308 million to $314.2 million. For the next financial year, analysts expect that the firm will report sales of $354.49 million per share, with estimates ranging from $319.8 million to $381.47 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Ambarella.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, February 28th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The firm earned $87.50 million during the quarter, compared to analysts’ expectations of $85.92 million. Ambarella had a return on equity of 13.28% and a net margin of 15.32%. Ambarella’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. A number of analysts have issued reports on AMBA shares. Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating and set a $63.37 target price on the stock. in a report on Tuesday, February 21st. Stifel Nicolaus decreased their price objective on Ambarella from $84.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, February 21st. Pacific Crest set a $70.00 price objective on Ambarella and gave the stock a “buy” rating in a report on Tuesday, January 24th. Canaccord Genuity reissued a “buy” rating and set a $80.00 price objective on shares of Ambarella in a report on Tuesday, January 10th. Finally, Dougherty & Co raised Ambarella from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, March 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Ambarella presently has an average rating of “Buy” and a consensus price target of $68.88.
Ambarella (NASDAQ:AMBA) traded up 2.07% during trading on Thursday, reaching $58.24. The company’s stock had a trading volume of 437,119 shares. Ambarella has a 52-week low of $35.26 and a 52-week high of $74.95. The stock’s 50-day moving average is $54.81 and its 200 day moving average is $55.86. In other news, CEO Feng-Ming Wang sold 7,971 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $56.19, for a total transaction of $447,890.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $60.54, for a total value of $60,540.00. Following the sale, the director now owns 11,893 shares of the company’s stock, valued at approximately $720,002.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,232 shares of company stock valued at $1,138,992. Corporate insiders own 5.43% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Capital One National Association increased its stake in Ambarella by 0.5% in the third quarter. Capital One National Association now owns 113,359 shares of the semiconductor company’s stock worth $8,345,000 after buying an additional 536 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Ambarella during the third quarter worth $22,494,000. Svenska Handelsbanken AB publ purchased a new stake in Ambarella during the third quarter worth $486,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Ambarella during the third quarter worth $5,465,000. Finally, First Trust Advisors LP purchased a new stake in Ambarella during the third quarter worth $517,000. Institutional investors own 58.50% of the company’s stock. About Ambarella
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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