Monashee Investment Management LLC Buys 18,667 Shares of Ambiq Micro, Inc. $AMBQ

Monashee Investment Management LLC lifted its stake in Ambiq Micro, Inc. (NYSE:AMBQ) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,756 shares of the company’s stock after buying an additional 18,667 shares during the period. Ambiq Micro comprises approximately 1.4% of Monashee Investment Management LLC’s holdings, making the stock its 21st largest holding. Monashee Investment Management LLC’s holdings in Ambiq Micro were worth $2,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in Ambiq Micro in the 3rd quarter valued at $28,000. New York State Common Retirement Fund bought a new position in shares of Ambiq Micro during the fourth quarter valued at $48,000. JPMorgan Chase & Co. bought a new position in shares of Ambiq Micro during the third quarter valued at $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Ambiq Micro in the 3rd quarter valued at $65,000. Finally, Rhumbline Advisers acquired a new stake in shares of Ambiq Micro in the 3rd quarter valued at $119,000.

Ambiq Micro Stock Down 0.8%

Shares of NYSE:AMBQ opened at $77.48 on Thursday. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $91.61. The company’s 50-day moving average price is $80.73 and its two-hundred day moving average price is $49.09. The firm has a market cap of $1.66 billion and a P/E ratio of -3.74.

Insider Activity at Ambiq Micro

In related news, COO Sean Chihhsiang Chen sold 55,685 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $70.89, for a total value of $3,947,509.65. Following the completion of the transaction, the chief operating officer owned 120,275 shares in the company, valued at $8,526,294.75. The trade was a 31.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy Chen sold 70,592 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total value of $5,632,535.68. The SEC filing for this sale provides additional information. Insiders sold 222,477 shares of company stock valued at $16,304,893 in the last three months. 10.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMBQ. UBS Group increased their target price 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. Roth Capital assumed coverage on shares of Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Needham & Company LLC raised their price target on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.83.

About Ambiq Micro

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.