Ambarella (AMBA) Expected to Announce Earnings on Wednesday

Ambarella (NASDAQ:AMBA) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Ambarella to post earnings of ($0.01) per share and revenue of $78.04 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Ambarella Stock Performance

Shares of AMBA opened at $75.84 on Tuesday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -19.65 and a beta of 1.66. The firm has a 50 day moving average price of $76.25 and a 200-day moving average price of $64.65. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $85.15.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMBA. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Friday, December 6th. Morgan Stanley upped their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Susquehanna upped their target price on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Northland Securities restated an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Finally, Craig Hallum upped their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Ambarella presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Insider Activity at Ambarella

In other news, Director Hsiao-Wuen Hon sold 377 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $74.15, for a total transaction of $27,954.55. Following the sale, the director now owns 28,278 shares of the company’s stock, valued at $2,096,813.70. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher Day sold 1,278 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the sale, the vice president now owns 17,188 shares of the company’s stock, valued at approximately $1,230,832.68. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,861 shares of company stock valued at $1,945,436. 5.70% of the stock is owned by insiders.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence 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.