Ambarella (NASDAQ:AMBA) Announces Earnings Results, Beats Estimates By $0.54 EPS

Ambarella (NASDAQ:AMBA) released its quarterly earnings data on Monday. The semiconductor company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.54, Briefing.com reports. Ambarella had a negative net margin of 19.38% and a negative return on equity of 10.82%. The business had revenue of $67.90 million during the quarter, compared to analyst estimates of $65.00 million. During the same period in the previous year, the business earned $0.21 EPS. Ambarella’s revenue was up 18.5% compared to the same quarter last year.

Shares of NASDAQ:AMBA opened at $58.03 on Tuesday. The firm has a fifty day moving average price of $54.81 and a two-hundred day moving average price of $50.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.01 and a quick ratio of 8.64. Ambarella has a one year low of $32.31 and a one year high of $67.15. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -52.28 and a beta of 1.28.

A number of research analysts recently weighed in on AMBA shares. Morgan Stanley set a $60.00 price objective on shares of Ambarella and gave the company a “buy” rating in a research note on Tuesday, October 8th. Zacks Investment Research upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Thursday, September 5th. Bank of America set a $50.00 price objective on shares of Ambarella and gave the company a “sell” rating in a research note on Friday, August 30th. Dougherty & Co set a $59.00 price objective on shares of Ambarella and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, KeyCorp reiterated a “hold” rating on shares of Ambarella in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.56.

In other Ambarella news, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $60.00, for a total value of $30,000.00. Following the completion of the transaction, the director now directly owns 23,433 shares of the company’s stock, valued at approximately $1,405,980. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Feng-Ming Wang sold 60,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $59.18, for a total transaction of $3,550,800.00. Following the completion of the transaction, the chief executive officer now directly owns 514,944 shares of the company’s stock, valued at $30,474,385.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,190 shares of company stock valued at $6,628,959. Insiders own 6.31% 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 for Ambarella (NASDAQ:AMBA)

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