Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CTO Scott Mclean Hanson sold 27,500 shares of Ambiq Micro stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $59.80, for a total transaction of $1,644,500.00. Following the transaction, the chief technology officer directly owned 221,226 shares in the company, valued at approximately $13,229,314.80. The trade was a 11.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Scott Mclean Hanson also recently made the following trade(s):
- On Friday, August 14th, Scott Mclean Hanson sold 7,000 shares of Ambiq Micro stock. The shares were sold at an average price of $64.38, for a total value of $450,660.00.
Ambiq Micro Trading Down 0.1%
AMBQ opened at $57.28 on Monday. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of -27.02. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $91.61. The stock has a fifty day moving average price of $71.72 and a 200-day moving average price of $55.01.
Institutional Investors Weigh In On Ambiq Micro
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. acquired a new position in shares of Ambiq Micro in the third quarter valued at about $13,050,000. Vanguard Group Inc. acquired a new stake in shares of Ambiq Micro during the third quarter worth about $9,210,000. Franklin Resources Inc. lifted its holdings in shares of Ambiq Micro by 2,474.3% during the fourth quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock worth $8,775,000 after purchasing an additional 295,927 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Ambiq Micro in the third quarter valued at approximately $8,201,000. Finally, Polar Asset Management Partners Inc. boosted its position in Ambiq Micro by 671.8% in the first quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock valued at $5,116,000 after buying an additional 175,247 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Needham & Company LLC increased their price objective on Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. UBS Group set a $85.00 target price on Ambiq Micro in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Roth Capital initiated coverage on Ambiq Micro in a report on Monday, July 13th. They issued a “buy” rating and a $125.00 price target for the company. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.20.
View Our Latest Report on AMBQ
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.
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