Ambarella (AMBA) to Release Earnings on Wednesday

Ambarella (NASDAQ:AMBA) is projected to post its quarterly earnings results 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 that are interested in participating in the company’s conference call can do so using this link.

Ambarella Stock Down 3.0 %

AMBA stock opened at $75.84 on Tuesday. The company’s fifty day simple moving average is $76.25 and its 200 day simple moving average is $64.65. Ambarella has a 12-month low of $39.69 and a 12-month high of $85.15. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -19.65 and a beta of 1.66.

Insider Activity

In other news, COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the completion of the transaction, the chief operating officer now owns 110,918 shares of the company’s stock, valued at approximately $8,418,676.20. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Day sold 1,247 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70. Following the completion of the transaction, the vice president now owns 14,530 shares in the company, valued at approximately $1,134,793. This trade represents a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,861 shares of company stock worth $1,945,436 in the last three months. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Monday, December 16th. Needham & Company LLC increased their target price on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Craig Hallum lifted their price target on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities restated a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. Finally, Northland Securities restated an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average target price of $85.42.

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.