Ambarella (NASDAQ:AMBA – Get Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, May 30th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Ambarella has set its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Ambarella (NASDAQ:AMBA – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.24. The firm had revenue of $83.32 million for the quarter, compared to analysts’ expectations of $83.04 million. Ambarella had a negative return on equity of 8.84% and a negative net margin of 19.37%. On average, analysts expect Ambarella to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Ambarella Price Performance
Shares of Ambarella stock opened at $74.19 on Tuesday. Ambarella has a one year low of $49.02 and a one year high of $99.86. The business’s 50 day simple moving average is $70.49 and its two-hundred day simple moving average is $77.74. The stock has a market capitalization of $2.94 billion, a P/E ratio of -43.39 and a beta of 1.50.
Analyst Ratings Changes
Insiders Place Their Bets
In other Ambarella news, VP Christopher Day sold 3,675 shares of the business’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $69.24, for a total value of $254,457.00. Following the sale, the vice president now owns 18,117 shares in the company, valued at approximately $1,254,421.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Feng-Ming Wang sold 16,644 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $76.85, for a total transaction of $1,279,091.40. Following the sale, the chief executive officer now directly owns 718,152 shares in the company, valued at approximately $55,189,981.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Day sold 3,675 shares of the company’s stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $69.24, for a total value of $254,457.00. Following the sale, the vice president now owns 18,117 shares in the company, valued at $1,254,421.08. The disclosure for this sale can be found here. Insiders sold 56,186 shares of company stock worth $4,298,470 in the last three months. 5.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On Ambarella
A number of large investors have recently made changes to their positions in AMBA. Prudential Financial Inc. boosted its stake in shares of Ambarella by 4.9% during the second quarter. Prudential Financial Inc. now owns 3,406 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 159 shares during the period. PNC Financial Services Group Inc. increased its holdings in Ambarella by 5.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,715 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 181 shares during the period. Gamco Investors INC. ET AL raised its position in Ambarella by 15.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,383 shares of the semiconductor company’s stock valued at $250,000 after purchasing an additional 324 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Ambarella by 30.0% in the 1st quarter. Advisors Asset Management Inc. now owns 1,537 shares of the semiconductor company’s stock worth $161,000 after buying an additional 355 shares during the period. Finally, Stephens Inc. AR grew its position in shares of Ambarella by 73.0% during the 1st quarter. Stephens Inc. AR now owns 1,095 shares of the semiconductor company’s stock worth $85,000 after buying an additional 462 shares in the last quarter. 78.33% of the stock is owned by hedge funds and other institutional investors.
About Ambarella
Ambarella, Inc engages in the development of low-power system-on-a-chip, or SoC, semiconductors and software for edge artificial intelligence, or AI, applications. Its products include video security, advanced driver assistance (ADAS), electronic mirror, drive recorder, driver or cabin monitoring, autonomous driving, and other robotics applications.
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