Capital Asset Advisory Services LLC Acquires Shares of 18,928 Ambiq Micro, Inc. $AMBQ

Capital Asset Advisory Services LLC acquired a new stake in Ambiq Micro, Inc. (NYSE:AMBQ) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,928 shares of the company’s stock, valued at approximately $481,000. Capital Asset Advisory Services LLC owned 0.09% of Ambiq Micro at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atreides Management LP acquired a new stake in Ambiq Micro in the 3rd quarter valued at $20,474,000. Alliancebernstein L.P. bought a new position in shares of Ambiq Micro during the third quarter valued at $13,050,000. KADENSA CAPITAL Ltd acquired a new stake in shares of Ambiq Micro in the 3rd quarter valued at $11,818,000. Vanguard Group Inc. acquired a new stake in shares of Ambiq Micro in the 3rd quarter valued at $9,210,000. Finally, Franklin Resources Inc. grew its holdings 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 worth $8,775,000 after purchasing an additional 295,927 shares during the last quarter.

Ambiq Micro Stock Performance

Shares of NYSE:AMBQ opened at $83.42 on Friday. Ambiq Micro, Inc. has a twelve month low of $22.12 and a twelve month high of $91.61. The firm has a market cap of $1.78 billion and a PE ratio of -4.03. The business has a fifty day moving average of $70.21 and a 200-day moving average of $44.09.

Insider Buying and Selling at Ambiq Micro

In other Ambiq Micro news, COO Sean Chihhsiang Chen sold 55,685 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the sale, the chief operating officer owned 120,275 shares of the company’s stock, valued at $8,526,294.75. This represents a 31.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey G. Winzeler sold 26,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer 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 SEC filing for this sale provides additional information. Insiders have sold 222,477 shares of company stock worth $16,304,893 over the last quarter.

Analyst Upgrades and Downgrades

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

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.