Needham & Company LLC Issues Positive Forecast for Ambiq Micro (NYSE:AMBQ) Stock Price

Ambiq Micro (NYSE:AMBQ) had its price objective boosted by stock analysts at Needham & Company LLC from $70.00 to $85.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 30.16% from the stock’s current price.

Several other brokerages have also issued reports on AMBQ. Roth Capital started coverage on shares of Ambiq Micro in a research report on Monday, July 13th. They set a “buy” rating and a $125.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. UBS Group boosted their target price on shares of Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of Ambiq Micro in a report on Tuesday. Finally, Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.33.

Ambiq Micro Trading Up 2.2%

Shares of NYSE AMBQ opened at $65.31 on Wednesday. The company has a market cap of $1.40 billion and a price-to-earnings ratio of -3.16. Ambiq Micro has a 12 month low of $22.12 and a 12 month high of $91.61. The stock has a 50-day moving average price of $77.24 and a two-hundred day moving average price of $52.25.

Insider Activity at Ambiq Micro

In related news, Director Timothy Chen sold 70,592 shares of Ambiq Micro stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Scott Mclean Hanson sold 10,200 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $69.24, for a total transaction of $706,248.00. Following 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 SEC filing for this sale provides additional information. Insiders sold 222,477 shares of company stock valued at $16,304,893 over the last ninety days. Insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Ambiq Micro

Several hedge funds and other institutional investors have recently bought and sold shares of AMBQ. California State Teachers Retirement System grew its holdings in Ambiq Micro by 244.6% during the 1st quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after acquiring an additional 702 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at about $28,000. Inspire Investing LLC lifted its stake in shares of Ambiq Micro by 7.1% in the 4th quarter. Inspire Investing LLC now owns 16,141 shares of the company’s stock valued at $460,000 after purchasing an additional 1,065 shares during the period. New York State Common Retirement Fund bought a new stake in shares of Ambiq Micro during the 4th quarter valued at about $48,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Ambiq Micro during the 3rd quarter valued at about $56,000.

Ambiq Micro Company 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.