Ambiq Micro, Inc. (NYSE:AMBQ) Receives Average Rating of “Hold” from Brokerages

Ambiq Micro, Inc. (NYSE:AMBQ) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $71.8333.

A number of brokerages have issued reports on AMBQ. Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. UBS Group upped their target price on shares of Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Roth Capital assumed coverage on Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 price target on the stock. Needham & Company LLC raised their price target on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Northland Securities set a $86.00 price objective on Ambiq Micro in a research note on Wednesday, July 8th.

Ambiq Micro Price Performance

AMBQ opened at $74.79 on Friday. The company has a market cap of $1.60 billion and a price-to-earnings ratio of -3.61. The firm has a 50 day simple moving average of $80.76 and a 200 day simple moving average of $49.41. Ambiq Micro has a fifty-two week low of $22.12 and a fifty-two week high of $91.61.

Insider Activity

In other news, CTO Scott Mclean Hanson sold 10,200 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $69.24, for a total value of $706,248.00. Following the completion of the sale, the chief technology officer directly owned 203,126 shares of the company’s stock, valued at $14,064,444.24. This represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Fumihide Esaka sold 60,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the completion of the sale, the chief executive officer owned 391,189 shares in the company, valued at $27,391,053.78. This represents a 13.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 222,477 shares of company stock valued at $16,304,893. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Ambiq Micro

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in shares of Ambiq Micro by 244.6% during the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at $28,000. New York State Common Retirement Fund bought a new stake in shares of Ambiq Micro in the 4th quarter valued at $48,000. JPMorgan Chase & Co. bought a new stake in shares of Ambiq Micro in the 3rd quarter valued at $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Ambiq Micro during the 3rd quarter worth $65,000.

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.