Ambiq Micro, Inc. (NYSE:AMBQ) Receives Average Rating of “Hold” from Analysts

Ambiq Micro, Inc. (NYSE:AMBQ) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $52.80.

AMBQ has been the topic of a number of research analyst reports. Bank of America restated a “neutral” rating and set a $35.00 price objective on shares of Ambiq Micro in a report on Thursday, March 5th. Northland Securities began coverage on shares of Ambiq Micro in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price target on the stock. Zacks Research upgraded shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. UBS Group lifted their price target on shares of Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Needham & Company LLC lifted their price target on shares of Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th.

Insider Transactions at Ambiq Micro

In other Ambiq Micro news, CFO Jeffrey G. Winzeler sold 26,000 shares of Ambiq Micro stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $69.90, for a total value of $1,817,400.00. Following the sale, the chief financial officer directly owned 94,395 shares in the company, valued at approximately $6,598,210.50. The trade was a 21.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Scott Mclean Hanson sold 10,200 shares of Ambiq Micro stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $69.24, for a total transaction of $706,248.00. Following the completion of the sale, the chief technology officer owned 203,126 shares in the company, valued at $14,064,444.24. The trade was a 4.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 223,288 shares of company stock worth $16,326,101.

Institutional Investors Weigh In On Ambiq Micro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atreides Management LP grew its position in shares of Ambiq Micro by 23.8% in the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after acquiring an additional 165,755 shares during the period. Alliancebernstein L.P. bought a new position in shares of Ambiq Micro in the 3rd quarter valued at about $13,050,000. KADENSA CAPITAL Ltd bought a new position in shares of Ambiq Micro in the 3rd quarter valued at about $11,818,000. Franklin Resources Inc. grew its position in shares of Ambiq Micro by 2,474.3% in the 4th quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after acquiring an additional 295,927 shares during the period. Finally, Vanguard Group Inc. bought a new position in shares of Ambiq Micro in the 3rd quarter valued at about $9,210,000.

Ambiq Micro Stock Down 10.6%

Shares of NYSE:AMBQ opened at $79.14 on Wednesday. Ambiq Micro has a 12 month low of $22.12 and a 12 month high of $91.61. The company’s fifty day simple moving average is $62.99 and its 200 day simple moving average is $41.39. The firm has a market cap of $1.69 billion and a price-to-earnings ratio of -3.83.

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.