Ambiq Micro (NYSE:AMBQ) Shares Gap Up – Still a Buy?

Ambiq Micro, Inc. (NYSE:AMBQ)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $79.12, but opened at $84.42. Ambiq Micro shares last traded at $83.4680, with a volume of 55,262 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Needham & Company LLC lifted their target price on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Bank of America reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Ambiq Micro in a report on Thursday, March 5th. Northland Securities assumed coverage on Ambiq Micro in a report on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price objective on the stock. Finally, Wall Street Zen upgraded Ambiq Micro from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ambiq Micro presently has a consensus rating of “Hold” and a consensus target price of $52.80.

Ambiq Micro Stock Performance

The firm has a market capitalization of $1.79 billion and a price-to-earnings ratio of -4.04. The firm’s 50-day moving average price is $58.30 and its two-hundred day moving average price is $39.64.

Insider Activity at Ambiq Micro

In other news, COO Sean Chihhsiang Chen sold 55,685 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $70.89, for a total value of $3,947,509.65. Following the sale, the chief operating officer directly owned 120,275 shares in the company, valued at approximately $8,526,294.75. This represents a 31.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Fumihide Esaka sold 60,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $70.02, for a total value of $4,201,200.00. Following the completion of the transaction, the chief executive officer directly owned 391,189 shares of the company’s stock, valued at approximately $27,391,053.78. The trade was a 13.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 223,288 shares of company stock valued at $16,326,101.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Atreides Management LP acquired a new stake in shares of Ambiq Micro in the 3rd quarter valued at $20,474,000. Alliancebernstein L.P. bought a new position in Ambiq Micro during the 3rd quarter valued at about $13,050,000. KADENSA CAPITAL Ltd bought a new position in Ambiq Micro during the 3rd quarter valued at about $11,818,000. Vanguard Group Inc. acquired a new position in Ambiq Micro in the third quarter valued at about $9,210,000. Finally, Franklin Resources Inc. grew its stake in 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 buying an additional 295,927 shares during the last quarter.

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.