Ambarella (AMBA) to Release Earnings on Wednesday

Ambarella (NASDAQ:AMBA) will likely be posting 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ambarella Stock Up 5.6 %

Shares of Ambarella stock opened at $82.16 on Wednesday. The stock’s 50-day simple moving average is $75.57 and its 200-day simple moving average is $63.31. Ambarella has a 52 week low of $39.69 and a 52 week high of $85.15. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of -21.28 and a beta of 1.66.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMBA shares. Northland Securities reiterated an “outperform” rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Craig Hallum boosted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Monday, December 16th. Finally, StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.42.

Insiders Place Their Bets

In other news, CEO Feng-Ming Wang sold 4,296 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $323,961.36. Following the transaction, the chief executive officer now owns 755,231 shares of the company’s stock, valued at approximately $56,951,969.71. This represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hsiao-Wuen Hon sold 377 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $74.15, for a total value of $27,954.55. Following the transaction, the director now directly owns 28,278 shares in the company, valued at approximately $2,096,813.70. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,861 shares of company stock valued at $1,945,436 over the last ninety days. 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.