Wall Street brokerages expect Ambarella Inc (NASDAQ:AMBA) to announce sales of $57.06 million for the current quarter, Zacks reports. Six analysts have issued estimates for Ambarella’s earnings. The highest sales estimate is $57.50 million and the lowest is $56.83 million. Ambarella posted sales of $89.06 million in the same quarter last year, which suggests a negative year over year growth rate of 35.9%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 29th.

According to Zacks, analysts expect that Ambarella will report full year sales of $231.38 million for the current fiscal year, with estimates ranging from $226.40 million to $234.40 million. For the next financial year, analysts anticipate that the business will post sales of $264.05 million, with estimates ranging from $242.70 million to $300.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Ambarella.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.12. Ambarella had a negative return on equity of 0.71% and a negative net margin of 1.40%. The company had revenue of $62.47 million during the quarter, compared to the consensus estimate of $62.27 million.

A number of equities research analysts have recently commented on AMBA shares. ValuEngine upgraded Ambarella from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Stifel Nicolaus cut their target price on shares of Ambarella from $56.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Dougherty & Co cut their target price on shares of Ambarella from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Zacks Investment Research raised shares of Ambarella from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Deutsche Bank cut their target price on shares of Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, August 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $49.45.

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the sale, the director now directly owns 17,765 shares of the company’s stock, valued at approximately $710,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher Day sold 1,326 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $39.77, for a total transaction of $52,735.02. Following the sale, the vice president now directly owns 16,353 shares in the company, valued at $650,358.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,609 shares of company stock worth $1,628,876. Company insiders own 5.84% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Ambarella by 13.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,434 shares of the semiconductor company’s stock worth $520,000 after acquiring an additional 1,544 shares during the last quarter. Scout Investments Inc. increased its stake in shares of Ambarella by 2.2% in the third quarter. Scout Investments Inc. now owns 74,489 shares of the semiconductor company’s stock worth $2,881,000 after acquiring an additional 1,600 shares during the last quarter. Greenleaf Trust increased its stake in shares of Ambarella by 2.6% in the third quarter. Greenleaf Trust now owns 64,728 shares of the semiconductor company’s stock worth $2,504,000 after acquiring an additional 1,621 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Ambarella by 11.9% in the second quarter. Russell Investments Group Ltd. now owns 23,759 shares of the semiconductor company’s stock worth $918,000 after acquiring an additional 2,533 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Ambarella by 0.8% in the second quarter. Northern Trust Corp now owns 335,374 shares of the semiconductor company’s stock worth $12,949,000 after acquiring an additional 2,695 shares during the last quarter. 69.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:AMBA opened at $34.71 on Wednesday. Ambarella has a one year low of $31.41 and a one year high of $66.23. The firm has a market cap of $1.12 billion, a PE ratio of 63.11 and a beta of 1.13.

Ambarella Company Profile

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.

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Earnings History and Estimates for Ambarella (NASDAQ:AMBA)

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