Wall Street Zen Downgrades Ambiq Micro (NYSE:AMBQ) to Sell

Ambiq Micro (NYSE:AMBQ) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research analysts have also commented on the company. Weiss Ratings initiated coverage on Ambiq Micro in a research report on Thursday, October 23rd. They issued a “sell (e-)” rating on the stock. UBS Group lowered their target price on Ambiq Micro from $40.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.75.

Ambiq Micro Stock Up 0.6%

Ambiq Micro stock opened at $29.51 on Friday. The stock has a fifty day simple moving average of $30.93. Ambiq Micro has a 52-week low of $22.12 and a 52-week high of $51.76. The firm has a market capitalization of $540.33 million and a price-to-earnings ratio of -1.49.

Insider Transactions at Ambiq Micro

In related news, CTO Scott Mclean Hanson sold 10,000 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $31.00, for a total value of $310,000.00. Following the transaction, the chief technology officer owned 122,818 shares in the company, valued at approximately $3,807,358. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph A. Tautges sold 7,800 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $31.00, for a total value of $241,800.00. Following the completion of the transaction, the director directly owned 48,746 shares of the company’s stock, valued at $1,511,126. This represents a 13.79% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Trading of Ambiq Micro

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atreides Management LP bought a new position in Ambiq Micro during the 3rd quarter valued at $20,474,000. Alliancebernstein L.P. bought a new stake in shares of Ambiq Micro in the 3rd quarter worth about $13,050,000. KADENSA CAPITAL Ltd acquired a new stake in shares of Ambiq Micro in the 3rd quarter valued at about $11,818,000. Vanguard Group Inc. acquired a new stake in shares of Ambiq Micro in the 3rd quarter valued at about $9,210,000. Finally, Franklin Resources Inc. lifted its position in shares of Ambiq Micro by 2,474.3% during the fourth quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock worth $8,775,000 after purchasing an additional 295,927 shares during the last quarter.

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.