Wall Street Zen Upgrades AmpliTech Group (NASDAQ:AMPG) to Hold

AmpliTech Group (NASDAQ:AMPG) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages also recently commented on AMPG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Maxim Group reduced their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, AmpliTech Group has a consensus rating of “Hold” and an average target price of $7.00.

AmpliTech Group Stock Performance

Shares of AMPG stock opened at $8.49 on Friday. The company has a market capitalization of $215.14 million, a price-to-earnings ratio of -27.39 and a beta of -0.18. The company has a 50-day simple moving average of $3.49 and a 200 day simple moving average of $3.18. AmpliTech Group has a 52 week low of $1.64 and a 52 week high of $9.30.

AmpliTech Group (NASDAQ:AMPG) last announced its earnings results on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.00 million. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.

Insiders Place Their Bets

In other AmpliTech Group news, CFO Louisa Sanfratello sold 50,000 shares of AmpliTech Group stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.80, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer owned 60,000 shares in the company, valued at $288,000. The trade was a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jorge Luis Flores sold 30,000 shares of AmpliTech Group stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $5.36, for a total transaction of $160,800.00. Following the completion of the sale, the chief operating officer owned 76,000 shares of the company’s stock, valued at $407,360. This trade represents a 28.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 90,000 shares of company stock worth $450,300 in the last quarter. 17.12% of the stock is currently owned by corporate insiders.

Institutional Trading of AmpliTech Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in AmpliTech Group by 135.5% in the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after purchasing an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in AmpliTech Group by 156.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after purchasing an additional 131,599 shares in the last quarter. Creek Drive Management Group LLC acquired a new stake in AmpliTech Group in the 4th quarter worth about $1,196,000. Virtu Financial LLC raised its stake in AmpliTech Group by 32.3% in the 4th quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock worth $58,000 after purchasing an additional 4,762 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in AmpliTech Group in the 4th quarter worth about $101,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.