Ambiq Micro (NYSE:AMBQ) Hits New 12-Month High – What’s Next?

Ambiq Micro, Inc. (NYSE:AMBQ) shares reached a new 52-week high on Friday . The company traded as high as $87.60 and last traded at $88.6620, with a volume of 108601 shares. The stock had previously closed at $83.39.

Analyst Ratings Changes

AMBQ has been the subject of a number of research analyst reports. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Ambiq Micro from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Northland Securities initiated coverage on Ambiq Micro in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 target price for the company. Needham & Company LLC upped their price target on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, UBS Group raised their price objective on Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.80.

Ambiq Micro Stock Performance

The firm’s 50 day simple moving average is $55.07 and its 200-day simple moving average is $38.31. The company has a market capitalization of $1.82 billion and a price-to-earnings ratio of -4.11.

Insider Activity at Ambiq Micro

In other Ambiq Micro news, CFO Jeffrey G. Winzeler sold 26,000 shares of the business’s 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 sale, the chief financial officer directly owned 94,395 shares of the company’s stock, valued at $6,598,210.50. The trade was a 21.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fumihide Esaka sold 60,000 shares of the company’s 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 completion of the transaction, the chief executive officer directly owned 391,189 shares in the company, valued at $27,391,053.78. This trade represents a 13.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 223,288 shares of company stock worth $16,326,101.

Hedge Funds Weigh In On Ambiq Micro

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Ambiq Micro by 632.3% in the first quarter. Bank of America Corp DE now owns 48,033 shares of the company’s stock worth $1,221,000 after acquiring an additional 41,474 shares during the last quarter. Atreides Management LP increased its stake in shares of Ambiq Micro by 23.8% in the first quarter. Atreides Management LP now owns 862,175 shares of the company’s stock worth $21,908,000 after acquiring an additional 165,755 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Ambiq Micro by 244.6% in the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after acquiring an additional 702 shares during the last quarter. Readystate Asset Management LP increased its stake in shares of Ambiq Micro by 152.6% in the first quarter. Readystate Asset Management LP now owns 41,917 shares of the company’s stock worth $1,065,000 after acquiring an additional 25,321 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Ambiq Micro by 1,332.1% in the first quarter. Royal Bank of Canada now owns 11,600 shares of the company’s stock worth $295,000 after acquiring an additional 10,790 shares during the last quarter.

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.