Ambiq Micro, Inc. (NYSE:AMBQ) Receives Average Recommendation of “Hold” from Analysts

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $71.8333.

AMBQ has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Roth Capital assumed coverage on Ambiq Micro in a research note on Monday, July 13th. They set a “buy” rating and a $125.00 target price for the company. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Northland Securities set a $86.00 price target on Ambiq Micro in a research note on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th.

Insider Buying and Selling at Ambiq Micro

In other news, COO Sean Chihhsiang Chen sold 55,685 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the transaction, the chief operating officer owned 120,275 shares in the company, valued at approximately $8,526,294.75. This represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy Chen sold 70,592 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total transaction of $5,632,535.68. The disclosure for this sale is available in the SEC filing. Insiders sold 222,477 shares of company stock valued at $16,304,893 over the last 90 days. Insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMBQ. Atreides Management LP grew its stake in Ambiq Micro by 23.8% in the first quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after acquiring an additional 165,755 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Ambiq Micro during the third quarter valued at approximately $13,050,000. Franklin Resources Inc. raised its position 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. Vanguard Group Inc. acquired a new position in shares of Ambiq Micro during the third quarter worth approximately $9,210,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Ambiq Micro in the 3rd quarter worth $8,201,000.

Ambiq Micro Trading Down 2.7%

Shares of AMBQ opened at $72.48 on Friday. The firm’s fifty day simple moving average is $79.80 and its two-hundred day simple moving average is $47.95. Ambiq Micro has a 12 month low of $22.12 and a 12 month high of $91.61. The stock has a market capitalization of $1.55 billion and a P/E ratio of -3.50.

About Ambiq Micro

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.