Ambarella (AMBA) to Release Earnings on Wednesday

Ambarella (NASDAQ:AMBA) is expected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $78.04 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Ambarella Trading Up 5.6 %

Ambarella stock opened at $82.16 on Wednesday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -21.28 and a beta of 1.66. The stock has a fifty day simple moving average of $75.57 and a two-hundred day simple moving average of $63.31. Ambarella has a 12 month low of $39.69 and a 12 month high of $85.15.

Insider Activity at Ambarella

In other news, CEO Feng-Ming Wang sold 4,296 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $323,961.36. Following the transaction, the chief executive officer now directly owns 755,231 shares in the company, valued at $56,951,969.71. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the transaction, the chief operating officer now owns 116,918 shares in the company, valued at $9,254,059.70. The trade was a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,861 shares of company stock worth $1,945,436. Corporate insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMBA shares. Northland Securities reissued an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Craig Hallum lifted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Friday, December 6th. Susquehanna lifted their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their price objective on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and a consensus 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.