Wasatch Advisors LP Has $6.46 Million Holdings in Ambiq Micro, Inc. $AMBQ

Wasatch Advisors LP increased its holdings in shares of Ambiq Micro, Inc. (NYSE:AMBQ) by 16.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 254,303 shares of the company’s stock after acquiring an additional 36,791 shares during the quarter. Wasatch Advisors LP owned about 1.20% of Ambiq Micro worth $6,462,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Ambiq Micro in the 3rd quarter valued at about $28,000. New York State Common Retirement Fund bought a new position in shares of Ambiq Micro during the fourth quarter worth approximately $48,000. JPMorgan Chase & Co. acquired a new stake in shares of Ambiq Micro in the third quarter valued at approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Ambiq Micro in the third quarter valued at approximately $65,000. Finally, Rhumbline Advisers acquired a new stake in Ambiq Micro during the third quarter worth approximately $119,000.

Ambiq Micro Trading Down 3.6%

AMBQ stock opened at $80.46 on Friday. The stock has a market capitalization of $1.72 billion and a P/E ratio of -3.89. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $91.61. The firm has a 50-day moving average price of $66.07 and a 200-day moving average price of $42.41.

Insider Activity at Ambiq Micro

In other Ambiq Micro news, COO Sean Chihhsiang Chen sold 55,685 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $70.89, for a total value of $3,947,509.65. Following the sale, the chief operating officer owned 120,275 shares in the company, valued at $8,526,294.75. This trade represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Scott Mclean Hanson sold 10,200 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $69.24, for a total transaction of $706,248.00. Following the sale, the chief technology officer directly owned 203,126 shares in the company, valued at approximately $14,064,444.24. The trade was a 4.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 223,288 shares of company stock worth $16,326,101 in the last ninety days.

Analyst Ratings Changes

A number of research firms have commented on AMBQ. Northland Securities began coverage on Ambiq Micro in a research note on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price objective on the stock. UBS Group upped 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 upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Needham & Company LLC boosted their price target on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Bank of America reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Ambiq Micro in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.80.

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.