Ambiq Micro (NYSE:AMBQ) Trading Down 9.9% – Should You Sell?

Ambiq Micro, Inc. (NYSE:AMBQ)’s stock price traded down 9.9% during mid-day trading on Tuesday . The company traded as low as $74.50 and last traded at $75.4940. Approximately 153,333 shares were traded during mid-day trading, a decline of 70% from the average session volume of 508,855 shares. The stock had previously closed at $83.82.

Analyst Ratings Changes

Several research analysts have recently commented on AMBQ shares. Needham & Company LLC boosted 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. UBS Group raised their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Northland Securities started coverage on shares of Ambiq Micro in a report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.80.

Ambiq Micro Stock Down 8.8%

The company has a market capitalization of $1.63 billion and a price-to-earnings ratio of -3.69. The company’s 50 day simple moving average is $72.15 and its two-hundred day simple moving average is $44.88.

Insider Activity

In related news, CEO Fumihide Esaka sold 60,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the transaction, the chief executive officer directly owned 391,189 shares in the company, valued at $27,391,053.78. The trade was a 13.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy Chen sold 70,592 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $79.79, for a total value of $5,632,535.68. 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 worth $16,304,893.

Institutional Investors Weigh In On Ambiq Micro

Several institutional investors have recently added to or reduced their stakes in AMBQ. California State Teachers Retirement System grew its stake 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 acquiring an additional 702 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Ambiq Micro during the third quarter valued at about $28,000. New York State Common Retirement Fund acquired a new stake in Ambiq Micro in the 4th quarter worth approximately $48,000. JPMorgan Chase & Co. acquired a new stake in Ambiq Micro in the 3rd quarter worth approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Ambiq Micro during the 3rd quarter worth approximately $65,000.

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.