Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 48,500 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $57.44, for a total transaction of $2,785,840.00. Following the transaction, the chief executive officer owned 451,189 shares of the company’s stock, valued at $25,916,296.16. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The shares were sold at an average price of $56.39, for a total value 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 stock was sold at an average price of $64.39, for a total value of $869,265.00.
Ambiq Micro Trading Up 2.4%
AMBQ traded up $1.34 on Wednesday, reaching $57.28. The stock had a trading volume of 385,046 shares, compared to its average volume of 504,467. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -27.02 and a beta of 5.59. Ambiq Micro, Inc. has a fifty-two week low of $22.12 and a fifty-two week high of $91.61. The firm has a 50-day moving average of $70.66 and a 200-day moving average of $55.39.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Atreides Management LP increased its position in shares of Ambiq Micro by 23.8% during the first quarter. Atreides Management LP now owns 862,175 shares of the company’s stock worth $21,908,000 after buying an additional 165,755 shares during the period. Alliancebernstein L.P. bought a new position in shares of Ambiq Micro in the 3rd quarter worth about $13,050,000. Franklin Resources Inc. lifted its stake in shares of Ambiq Micro by 2,474.3% in the 4th quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after purchasing an additional 295,927 shares during the period. Vanguard Group Inc. bought a new stake in shares of Ambiq Micro during the 3rd quarter valued at about $9,210,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Ambiq Micro during the 3rd quarter valued at about $8,201,000.
Wall Street Analyst Weigh In
AMBQ has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Needham & Company LLC raised their price target on shares of Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Northland Securities set a $81.00 price target on shares of Ambiq Micro in a report on Wednesday, August 12th. UBS Group set a $85.00 price objective on Ambiq Micro in a report on Wednesday, August 12th. Finally, Roth Capital started coverage on Ambiq Micro in a research report on Monday, July 13th. They set a “buy” rating and a $125.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ambiq Micro has a consensus rating of “Hold” and an average price target of $82.20.
Get Our Latest Stock Analysis on Ambiq Micro
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.
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