Ambarella (AMBA) Projected to Post 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Ambarella Stock Performance

Shares of Ambarella stock opened at $78.17 on Monday. The firm has a 50-day simple moving average of $76.26 and a two-hundred day simple moving average of $64.42. The company has a market cap of $3.26 billion, a P/E ratio of -20.25 and a beta of 1.66. Ambarella has a fifty-two week low of $39.69 and a fifty-two week high of $85.15.

Insider Activity

In related news, Director Hsiao-Wuen Hon sold 377 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $74.15, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Day sold 1,278 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the transaction, the vice president now directly owns 17,188 shares in the company, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Craig Hallum boosted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Friday, December 6th. Needham & Company LLC upped their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and a consensus target price of $85.42.

About Ambarella

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.