Ambarella Inc (NASDAQ:AMBA) – Equities researchers at Dougherty & Co issued their FY2019 EPS estimates for shares of Ambarella in a research note issued to investors on Sunday, December 2nd. Dougherty & Co analyst C. Anderson forecasts that the semiconductor company will earn ($1.02) per share for the year. Dougherty & Co currently has a “Buy” rating and a $50.00 target price on the stock. Dougherty & Co also issued estimates for Ambarella’s Q4 2019 earnings at ($0.37) EPS.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, November 29th. The semiconductor company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.01). Ambarella had a negative return on equity of 5.21% and a negative net margin of 9.97%. The business had revenue of $57.30 million for the quarter, compared to analyst estimates of $57.12 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company’s quarterly revenue was down 35.7% on a year-over-year basis.

A number of other equities analysts also recently commented on AMBA. Zacks Investment Research downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet downgraded shares of Ambarella from a “c-” rating to a “d” rating in a research note on Friday, November 30th. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research note on Friday, November 30th. Roth Capital increased their price objective on shares of Ambarella to $40.00 and gave the stock a “neutral” rating in a research note on Friday, November 30th. Finally, ValuEngine downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.95.

Ambarella stock opened at $39.40 on Wednesday. Ambarella has a one year low of $30.00 and a one year high of $66.23. The stock has a market cap of $1.29 billion, a PE ratio of 71.64 and a beta of 1.09.

In related news, Director David Jeffrey Richardson sold 10,197 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $39.93, for a total value of $407,166.21. Following the completion of the sale, the director now directly owns 8,304 shares in the company, valued at approximately $331,578.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George Laplante sold 8,011 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $38.61, for a total transaction of $309,304.71. Following the completion of the sale, the insider now owns 95,053 shares of the company’s stock, valued at $3,669,996.33. The disclosure for this sale can be found here. Insiders sold a total of 43,081 shares of company stock valued at $1,610,488 over the last quarter. 5.84% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of AMBA. Alps Advisors Inc. acquired a new stake in Ambarella in the 2nd quarter valued at about $264,000. Marathon Capital Management bought a new position in Ambarella in the 2nd quarter valued at about $270,000. Centaurus Financial Inc. bought a new position in Ambarella in the 2nd quarter valued at about $280,000. OLD National Bancorp IN bought a new position in Ambarella in the 3rd quarter valued at about $288,000. Finally, Krane Funds Advisors LLC raised its holdings in Ambarella by 70.0% in the 2nd quarter. Krane Funds Advisors LLC now owns 7,630 shares of the semiconductor company’s stock valued at $295,000 after acquiring an additional 3,142 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

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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