Analysts expect that Ambarella Inc (NASDAQ:AMBA) will announce $52.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Ambarella’s earnings, with estimates ranging from $51.90 million to $52.26 million. Ambarella posted sales of $62.47 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The business is expected to announce its next quarterly earnings results on Thursday, August 29th.

On average, analysts expect that Ambarella will report full-year sales of $208.71 million for the current financial year, with estimates ranging from $205.20 million to $211.20 million. For the next financial year, analysts anticipate that the company will post sales of $251.00 million, with estimates ranging from $225.00 million to $316.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Ambarella.

AMBA has been the subject of a number of analyst reports. TheStreet upgraded shares of Ambarella from a “d” rating to a “c-” rating in a research report on Tuesday, March 5th. Northland Securities reiterated a “buy” rating on shares of Ambarella in a research report on Wednesday, March 6th. BidaskClub downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Wednesday, May 29th. ValuEngine upgraded shares of Ambarella from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Finally, Craig Hallum upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.00.

In other Ambarella news, insider Leslie Kohn sold 3,571 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $43.48, for a total transaction of $155,267.08. Following the completion of the transaction, the insider now directly owns 918,306 shares in the company, valued at $39,927,944.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Feng-Ming Wang sold 5,409 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $43.48, for a total transaction of $235,183.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,566 shares of company stock valued at $673,618. 6.31% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMBA. Belpointe Asset Management LLC acquired a new position in Ambarella during the first quarter valued at approximately $119,000. Stephens Inc. AR acquired a new position in Ambarella during the fourth quarter valued at approximately $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Ambarella during the fourth quarter valued at approximately $210,000. Steward Partners Investment Advisory LLC acquired a new position in Ambarella during the first quarter valued at approximately $233,000. Finally, Paloma Partners Management Co acquired a new position in Ambarella during the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 74.85% of the company’s stock.

AMBA stock traded down $0.71 during mid-day trading on Friday, hitting $41.38. 294,183 shares of the company were exchanged, compared to its average volume of 978,327. The company has a quick ratio of 10.03, a current ratio of 9.84 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.35 billion, a PE ratio of -37.28 and a beta of 1.30. Ambarella has a 1-year low of $30.00 and a 1-year high of $52.12.

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.

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