Ambiq Micro (NYSE:AMBQ) Sees Unusually-High Trading Volume – Here’s What Happened

Ambiq Micro, Inc. (NYSE:AMBQ) saw strong trading volume on Wednesday . 534,352 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 483,664 shares.The stock last traded at $81.0190 and had previously closed at $79.78.

Analyst Upgrades and Downgrades

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

Ambiq Micro Price Performance

The firm has a market capitalization of $1.77 billion and a PE ratio of -4.01. The business has a 50-day simple moving average of $62.99 and a 200-day simple moving average of $41.39.

Insider Activity at Ambiq Micro

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

Institutional Trading of Ambiq Micro

Institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of Ambiq Micro by 244.6% during the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock valued at $25,000 after buying an additional 702 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Ambiq Micro in the third quarter worth approximately $28,000. New York State Common Retirement Fund bought a new stake in shares of Ambiq Micro during the 4th quarter worth approximately $48,000. JPMorgan Chase & Co. bought a new stake in shares of Ambiq Micro during the 3rd quarter worth approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Ambiq Micro during the 3rd quarter valued at $65,000.

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.