Shares of semiconductor company Ambarella Inc (NASDAQ:AMBA) jumped 5% in trading on Monday, June 1 in anticipation of the company’s first quarter fiscal 2016 earnings results. The report will be released today after market close.

Wall Street expects Ambarella to post earnings of $0.58 a share and $67 million in revenue, a substantial increase from $0.25 earnings per share and $40.92 million in revenue from the same quarter of last year. The large jump in EPS and revenue comes as no surprise as shares of the company have increased 83% so far this year.

Ambarella can attribute a big amount of its success to GoPro Inc (NASDAQ:GPRO) since the semiconductor company is the main provider of processors in GoPro cameras, which enable the camera to capture high-definition videos and pictures. GoPro prides itself on the high quality of its processors, which in turn paints Ambarella in a very positive light.

Ambarella also reaped the benefits from Chinese smartphone company Xiaomi earlier this year when Ambarella confirmed that its chips will be used in Xiaomi’s new small hi-definition camera.

Pacific Crest analyst Brad Erickson weighed in on Ambarella on June 1 ahead of the company’s Q1 2016 earnings, maintaining an Overweight rating on the stock and raising his price target from $78 to $96. The analyst attributed his bullish rating on Ambarella to GoPro’s strong sales, stating that “sales run rates have increased recently, likely driven by incremental bundling with gift cards/memory cards, as well as a strong seasonal rebound associated with dads & grads.”

Brad Erickson has rated Ambarella seven times since November of last year, earning an 83% success rate recommending the stock and a +48.1% average return per recommendation.

On December 30, Erickson reiterated a Buy rating on Ambarella when the stock was $52.40 per share. When measured over a year, Erickson has earned a +80.4% return on this recommendation, so far. Erickson opened another position on Ambarella with a Buy rating on March 4 when it was $67.49 per share, so far having earned a +40% return on his recommendation. Shares of AMBA last closed at $90.21.

Overall, Brad Erickson has an 86% success rate recommending stocks and a +26.8% average return per recommendation.

On average, the top analyst consensus for Ambarella on TipRanks is Moderate Buy.