Kornitzer Capital Management Inc. KS Grows Stock Position in Ambiq Micro, Inc. $AMBQ

Kornitzer Capital Management Inc. KS increased its stake in shares of Ambiq Micro, Inc. (NYSE:AMBQ) by 54.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,442 shares of the company’s stock after purchasing an additional 9,369 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.12% of Ambiq Micro worth $672,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Ambiq Micro in the 3rd quarter valued at about $28,000. New York State Common Retirement Fund purchased a new stake in shares of Ambiq Micro during the fourth quarter worth approximately $48,000. JPMorgan Chase & Co. purchased a new stake in shares of Ambiq Micro during the third quarter worth approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Ambiq Micro in the third quarter valued at approximately $65,000. Finally, Rhumbline Advisers acquired a new stake in Ambiq Micro in the third quarter valued at approximately $119,000.

Insiders Place Their Bets

In related news, Director Timothy Chen sold 70,592 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $79.79, for a total value of $5,632,535.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sean Chihhsiang Chen sold 55,685 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the completion of the transaction, the chief operating officer owned 120,275 shares of the company’s stock, valued at $8,526,294.75. This represents a 31.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 222,477 shares of company stock worth $16,304,893. 10.00% of the stock is currently owned by company insiders.

Ambiq Micro Stock Down 4.8%

Shares of Ambiq Micro stock opened at $81.23 on Tuesday. The firm has a market capitalization of $1.74 billion and a P/E ratio of -3.93. Ambiq Micro, Inc. has a 52 week low of $22.12 and a 52 week high of $91.61. The firm’s 50 day moving average is $76.81 and its two-hundred day moving average is $46.73.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Northland Securities set a $86.00 price objective on shares of Ambiq Micro in a report on Wednesday, July 8th. UBS Group lifted their price objective on shares of Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Needham & Company LLC boosted their target price on shares of Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ambiq Micro currently has a consensus rating of “Hold” and an average price target of $71.83.

Ambiq Micro Profile

Ambiq Micro (NYSE: AMBQ) is a semiconductor company specializing in the design and development of ultra-low-power microcontroller units (MCUs) and application-specific integrated circuits (ASICs). The company’s core technology leverages sub-threshold voltage operation to dramatically reduce energy consumption, enabling extended battery life in a broad range of portable and always-on devices. Ambiq’s products are particularly well suited for applications where power efficiency is critical, such as wearable electronics, IoT sensors, medical monitoring equipment, and industrial automation systems.

The company’s flagship product family, the Apollo series of MCUs, offers multi-core architectures, integrated wireless connectivity options, and advanced security features.