Federated Hermes Inc. Buys Shares of 91,803 Amprius Technologies, Inc. $AMPX

Federated Hermes Inc. purchased a new position in shares of Amprius Technologies, Inc. (NYSE:AMPX) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 91,803 shares of the company’s stock, valued at approximately $966,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its stake in Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Amprius Technologies by 2,043.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares during the period. Rhumbline Advisers increased its position in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares in the last quarter. Legal & General Group Plc raised its holdings in Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after buying an additional 9,684 shares during the period. Finally, XTX Topco Ltd acquired a new position in Amprius Technologies during the second quarter valued at approximately $44,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMPX has been the subject of several recent research reports. Needham & Company LLC initiated coverage on shares of Amprius Technologies in a research report on Thursday, January 29th. They issued a “buy” rating and a $20.00 price objective for the company. Cantor Fitzgerald increased their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Roth Mkm set a $14.00 price objective on Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.57.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $12.24 on Friday. The company’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $10.18. The firm has a market capitalization of $1.60 billion, a P/E ratio of -47.08 and a beta of 2.99. Amprius Technologies, Inc. has a 12 month low of $1.70 and a 12 month high of $16.03.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The business had revenue of $21.43 million for the quarter, compared to analyst estimates of $16.45 million. On average, sell-side analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Activity at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 39,690 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $476,280.00. Following the completion of the sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $8,984,352. This trade represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kang Sun sold 43,185 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total transaction of $476,330.55. Following the completion of the sale, the director directly owned 1,403,651 shares in the company, valued at $15,482,270.53. This represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,399,331 shares of company stock worth $37,048,615 over the last 90 days. 12.90% of the stock is owned by company insiders.

Amprius Technologies Profile

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.