Ambarella, Inc. (NASDAQ: AMBA) Zacks Research upgraded its forecasts for Ambarella’s earnings per share in the third quarter of 2023 in a research note distributed to investors on Tuesday, September 13. An analyst at Zacks Research by the name of A. Bhagat forecasts that the semiconductor industry will earn $0.38 per share for the quarter, an increase from the previous expectation of $0.30 per share. According to the most recent estimates, Ambarella’s annual profits per share are expected to be $1.48 in the red. The findings of Zacks Research indicate that Ambarella’s earnings for the fourth quarter of 2023 are predicted to be $0.38 less than what was earned in the third quarter. There would be a loss of $1.44 in terms of earnings per share for the financial year 2023. In the first three months of the year 2024, each share of the company’s common stock generated earnings of $0.37. During the second quarter of 2024, the company recorded $0.35 per share earnings.
For the third quarter of 2024, the earnings per share are as follows: (0.35). In the final three months of 2024, the company had earnings per share of $0.28. During the financial year 2024, the company posted a loss of $1.36 in earnings per share. During the first three months of 2025, each share is projected to generate earnings of $0.30. This forecast is based on current market expectations. The deficit in EPS for the second quarter of 2025 is $0.26. It is anticipated that the earnings per share for the fiscal year 2025 will be 0.92, and the revenue will be AMBA is the subject of additional articles that have been written. Needham & Firm LLC lowered their target price on Ambarella from $175.00 to $120.00 and gave the company a “buy” rating in a research report published on Wednesday, June 1. The report’s subject matter was the corporation. The recommendation of Ambarella was modified from a “hold” to a “sell” in a research report made available by StockNews.com on August 31.
In a research note published on June 1, Cowen reported that they had decreased their target price for Ambarella from $180.00 to $135.00. The target price that KeyCorp had established for Ambarella was decreased from $120.00 to $100.00 in a research note that was published on August 31, and the company classified the stock as “overweight.” In a research note published on August 31, Baird lowered their price objective on Ambarella from $1250.00 to $90.00 and assigned the company an “outperform” rating in a research note. There have been fourteen research experts who have suggested that investors acquire the stock, while there have been two who have suggested that investors delay making any purchases for the time being. According to Bloomberg, the stock is currently rated as having an average “Moderate buy recommendation,” and the price target has been established at $125.13. NASDAQ: AMBA opened for trading on Friday for $65.25. The current price of Ambarella is $227.59, which is more than the one-year high it reached of $60.50, which was reached earlier today.
The stock price has a moving average for the last 50 days of 77.60, and its price has a moving average for the past 200 days of $81.39. In terms of the financial markets, the company has a price-to-earnings ratio of -57.24, a market value of $2.51 billion, and an exposure beta of 1.52.
On Tuesday, August 30, Ambarella’s most recent quarterly earnings report (NASDAQ: AMBA) was made public and presented to the investing community. The semiconductor industry reported $0.20 per share earnings for the quarter, which was $0.01 higher than the average estimate of $0.19 per share floating around the internet. The overall revenue for the quarter came in at $80.90 million, more than the experts’ average prediction of $80.21 million for the revenue generated during the quarter. The company’s return on equity and net margin were negative for Ambarella, with the latter falling into the red by 6.88% and the former by 12.14%. The sales for the most recent quarter came in at 2.0% higher than what they were for the same time the year before. The company’s revenue per share came in at a loss of $0.18 when measured against the prior year’s performance.
During the past several months, several institutional investors have adjusted how they currently hold AMBA shares. AlphaCrest Capital Management LLC increased its holdings of Ambarella stock by 17.3 percent in the last three months of 2018. Following the purchase of an additional 337 shares throughout the period in question, the value of AlphaCrest Capital Management LLC’s holdings in the stock of the semiconductor business has increased to $463,000, bringing the total amount that the company has invested in the stock to $463,000. In addition, the Teachers’ Retirement System of Texas bought 19.1 percent more Ambarella shares during the fourth quarter, bringing the total amount of the company’s stock it owns to 100 percent. The Teacher Retirement System of Texas now has a total of 7,027 shares of the semiconductor company’s stock following the purchase of an additional 1,126 shares during the most recent quarter. The value of the Teacher Retirement System of Texas’s 7,027 shares of stock is now a combined total of $1,426,000.
During the fourth quarter, Acadian Asset Management LLC boosted the quantity of Ambarella shares that it owns by 304.0%. Acadian Asset Management LLC now has 6,452 shares of the semiconductor company’s stock, valued at $1,308,000. This is because the firm purchased an additional 4,855 shares during the most recent quarter. The company’s fourth quarter accomplished an 88.3 percent increase in Citigroup Inc.’s shareholding in Ambarella. Following purchasing an additional 19,249 shares during the most recent quarter, Citigroup Inc. now owns a total of 41,058 shares in the semiconductor business. The value of Citigroup Inc.’s holdings in the company at present is $8,331,000. In addition, $472.00 in Ambarella shares by Donoghue Forlines LLC was a new investment during the fourth quarter. This is the last transaction that needs to be mentioned, but by no means is it the least important. Institutions now own 76.77% of the company’s total shares.
Ambarella, Inc. is in the business of developing video semiconductor solutions that are capable of high-definition (HD) and ultra-HD compression on a global scale, as well as deep neural network processing and image processing. The company offers system-on-a-chip solutions that incorporate high-definition video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip. These capabilities are available through the company. In addition, these system-on-a-chip solutions have high-definition video and still images, specialized features, and low power use.