Ambarella (AMBA) to Release Quarterly Earnings on Wednesday

Ambarella (NASDAQ:AMBA - Get Free Report) is projected to post 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 that are interested in participating in the company's earnings conference call can do so using this link.

Ambarella Stock Performance

Shares of NASDAQ:AMBA traded down $3.10 during mid-day trading on Friday, hitting $78.17. The stock had a trading volume of 527,665 shares, compared to its average volume of 555,372. The company has a market cap of $3.26 billion, a PE ratio of -20.25 and a beta of 1.66. Ambarella has a 12-month low of $39.69 and a 12-month high of $85.15. The company's 50 day moving average is $76.26 and its 200-day moving average is $64.25.

Insider Activity

In other news, COO Chan W. Lee sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total transaction of $75,900.00. Following the transaction, the chief operating officer now owns 110,918 shares in the company, valued at approximately $8,418,676.20. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Chi-Hong Ju sold 5,118 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $75.71, for a total transaction of $387,483.78. Following the completion of the transaction, the vice president now owns 158,686 shares in the company, valued at $12,014,117.06. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,861 shares of company stock worth $1,945,436. 5.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Susquehanna upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Craig Hallum increased their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. StockNews.com downgraded shares of Ambarella from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.