Ambiq Micro (NYSE:AMBQ) Sets New 1-Year High – What’s Next?

Ambiq Micro, Inc. (NYSE:AMBQ) shares hit a new 52-week high during trading on Friday . The company traded as high as $91.61 and last traded at $90.9780, with a volume of 2218204 shares trading hands. The stock had previously closed at $79.12.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Northland Securities started coverage on Ambiq Micro in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price objective for the company. UBS Group boosted their price objective on Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Needham & Company LLC upped their target price on shares of Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Bank of America reiterated a “neutral” rating and set a $35.00 price target on shares of Ambiq Micro in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $52.80.

Ambiq Micro Trading Up 15.0%

The company has a market cap of $1.95 billion and a price-to-earnings ratio of -4.40. The stock has a 50 day moving average price of $59.56 and a two-hundred day moving average price of $40.11.

Insiders Place Their Bets

In other news, CFO Jeffrey G. Winzeler sold 26,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $69.90, for a total transaction of $1,817,400.00. Following the completion of the transaction, the chief financial officer directly owned 94,395 shares in the company, valued at approximately $6,598,210.50. The trade was a 21.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fumihide Esaka sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $70.02, for a total value of $4,201,200.00. Following the completion of the sale, the chief executive officer directly owned 391,189 shares of the company’s stock, valued at approximately $27,391,053.78. This trade represents a 13.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 223,288 shares of company stock valued at $16,326,101 in the last ninety days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Ambiq Micro by 244.6% in 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 during the period. 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 acquired a new position 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. bought a new stake in shares of Ambiq Micro in the 3rd quarter valued at $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.