Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 16,560 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $69.60, for a total transaction of $1,152,576.00. Following the completion of the sale, the chief executive officer directly owned 443,900 shares in the company, valued at approximately $30,895,440. The trade was a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Fumihide Esaka also recently made the following trade(s):
- On Tuesday, September 15th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The stock was sold at an average price of $60.28, for a total transaction of $813,780.00.
- On Friday, September 11th, Fumihide Esaka sold 50,000 shares of Ambiq Micro stock. The stock was sold at an average price of $63.36, for a total value of $3,168,000.00.
- On Monday, August 31st, Fumihide Esaka sold 48,500 shares of Ambiq Micro stock. The shares were sold at an average price of $57.44, for a total transaction of $2,785,840.00.
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The stock was sold at an average price of $56.39, for a total transaction of $2,761,587.47.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The shares were sold at an average price of $56.69, for a total value of $625,120.63.
- On Friday, August 14th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $64.39, for a total transaction of $869,265.00.
Ambiq Micro Price Performance
NYSE AMBQ traded down $2.75 on Tuesday, reaching $63.17. The company had a trading volume of 563,687 shares, compared to its average volume of 603,428. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $91.61. The company’s fifty day moving average is $63.05 and its 200-day moving average is $61.52.
Analyst Ratings Changes
Several research firms have issued reports on AMBQ. Northland Securities set a $81.00 price objective on Ambiq Micro in a research note on Wednesday, August 12th. Roth Capital initiated 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. UBS Group set a $85.00 price target on Ambiq Micro in a research note on Wednesday, August 12th. Stifel Nicolaus raised their price target on Ambiq Micro from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup reiterated a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ambiq Micro presently has an average rating of “Hold” and a consensus target price of $82.67.
Get Our Latest Stock Analysis on AMBQ
Hedge Funds Weigh In On Ambiq Micro
Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in Ambiq Micro by 244.6% in the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock valued at $25,000 after acquiring an additional 702 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new stake in Ambiq Micro in the second quarter valued at approximately $234,000. Resolute Advisors LLC bought a new position in Ambiq Micro during the second quarter worth $265,000. Inspire Investing LLC increased its holdings in Ambiq Micro by 28.9% in the first quarter. Inspire Investing LLC now owns 20,806 shares of the company’s stock worth $529,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Ambiq Micro in the 2nd quarter worth $525,000.
Trending Headlines about Ambiq Micro
Here are the key news stories impacting Ambiq Micro this week:
- Positive Sentiment: Stifel Nicolaus raised its price target for Ambiq Micro from $75 to $85 and reiterated a “buy” rating, implying substantial upside from the reference price. The higher target signals increased confidence in the company’s growth prospects. TickerReport article
- Neutral Sentiment: A published comparison of Onto Innovation and Ambiq Micro provided additional equity research coverage, but the available report details do not indicate a specific new change to Ambiq’s earnings outlook or valuation. Financial analysis article
- Negative Sentiment: Ambiq Micro COO Sean Chen sold 14,007 shares across transactions on October 2 and October 5 for total proceeds of approximately $951,749. The sales reduced his holdings by roughly 12% in aggregate. Because the transactions were executed under a pre-arranged Rule 10b5-1 plan, they may be less concerning than discretionary selling, but they can still weigh on investor sentiment. SEC insider filing
- Negative Sentiment: CTO Scott Hanson sold 8,680 shares for approximately $604,128, reducing his ownership by about 3.9%. The additional executive sale reinforces near-term selling pressure, although the filing does not by itself establish a negative change in the company’s business outlook. SEC insider filing
Ambiq Micro Company Profile
Ambiq Micro is a semiconductor company that develops ultra-low-power system-on-chips (SoCs), microcontrollers and related technologies for connected edge devices. Its products are designed to extend battery life while supporting computing, sensing, wireless connectivity and artificial intelligence workloads.
The company’s portfolio includes the Apollo family of microcontrollers and SoCs, along with development platforms and software tools for applications such as smartwatches, hearables, healthcare devices, smart-home equipment, industrial sensors and other Internet of Things products.
Recommended Stories
- Five stocks we like better than Ambiq Micro
- Constellation Energy’s Google Deal Shows Why Nuclear Uprates Matter for AI
- Lamb Weston’s Turnaround Is Starting to Look Real
- These 3 Stocks Got the Most Love From Analysts in September
- Record French Debt Could Create Opportunities for U.S. Market Operators
Receive News & Ratings for Ambiq Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambiq Micro and related companies with MarketBeat.com's FREE daily email newsletter.
