Equities analysts expect Ambarella Inc (NASDAQ:AMBA) to report earnings per share of $0.13 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ambarella’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. Ambarella posted earnings per share of $0.48 during the same quarter last year, which would indicate a negative year over year growth rate of 72.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 30th.

According to Zacks, analysts expect that Ambarella will report full-year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.65 to $1.08. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.03 to $1.88. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Ambarella.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Tuesday, June 5th. The semiconductor company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. Ambarella had a return on equity of 1.42% and a net margin of 2.18%. The company had revenue of $56.90 million during the quarter, compared to the consensus estimate of $56.13 million. During the same period last year, the business earned $0.39 EPS. The business’s quarterly revenue was down 11.2% on a year-over-year basis.

A number of brokerages recently weighed in on AMBA. Zacks Investment Research raised Ambarella from a “strong sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded Ambarella from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. Dougherty & Co cut their price objective on Ambarella from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, June 6th. ValuEngine downgraded Ambarella from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, UBS Group downgraded Ambarella to a “market perform” rating in a research note on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.59.

Shares of AMBA traded down $0.85 during midday trading on Friday, reaching $38.72. 368,330 shares of the stock were exchanged, compared to its average volume of 781,360. Ambarella has a 12-month low of $37.17 and a 12-month high of $66.23. The company has a market capitalization of $1.32 billion, a PE ratio of 70.40 and a beta of 1.34.

In other Ambarella news, CEO Feng-Ming Wang sold 8,412 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $43.27, for a total value of $363,987.24. Following the sale, the chief executive officer now owns 403,465 shares of the company’s stock, valued at approximately $17,457,930.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher Day sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $43.77, for a total value of $144,441.00. Following the completion of the sale, the vice president now directly owns 24,041 shares in the company, valued at approximately $1,052,274.57. The disclosure for this sale can be found here. Insiders sold a total of 20,657 shares of company stock worth $897,714 over the last three months. 5.84% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Ambarella by 9.6% in the 2nd quarter. BlackRock Inc. now owns 1,648,769 shares of the semiconductor company’s stock valued at $63,658,000 after buying an additional 144,604 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in Ambarella by 12.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,549,203 shares of the semiconductor company’s stock valued at $59,815,000 after buying an additional 167,095 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Ambarella by 5.8% in the 2nd quarter. Pinnacle Associates Ltd. now owns 953,325 shares of the semiconductor company’s stock valued at $36,808,000 after buying an additional 52,391 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Ambarella by 16.4% in the 2nd quarter. Janus Henderson Group PLC now owns 948,168 shares of the semiconductor company’s stock valued at $36,614,000 after buying an additional 133,475 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in Ambarella by 9.5% in the 1st quarter. State of Tennessee Treasury Department now owns 630,000 shares of the semiconductor company’s stock valued at $30,864,000 after buying an additional 54,700 shares during the last quarter. 69.28% of the stock is currently owned by hedge funds and other institutional investors.

About Ambarella

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.

Read More: Trading Strategy Methods for Individual Investors

Get a free copy of the Zacks research report on Ambarella (AMBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ambarella (NASDAQ:AMBA)

Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.