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

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) have received a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $52.80.

A number of equities research analysts have commented on AMBQ shares. Wall Street Zen upgraded Ambiq Micro from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. UBS Group increased their price target on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Northland Securities started coverage on Ambiq Micro in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price target for the company. Needham & Company LLC increased their price target on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Bank of America reiterated a “neutral” rating and issued a $35.00 price target on shares of Ambiq Micro in a research note on Thursday, March 5th.

Ambiq Micro Price Performance

Shares of NYSE AMBQ opened at $83.36 on Friday. The stock has a market capitalization of $1.78 billion and a P/E ratio of -4.03. Ambiq Micro has a 1-year low of $22.12 and a 1-year high of $85.77. The business has a fifty day moving average price of $47.39 and a 200 day moving average price of $35.64.

Ambiq Micro (NYSE:AMBQ) last issued its quarterly earnings data on Thursday, March 5th. The company reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.12. Ambiq Micro had a negative return on equity of 45.10% and a negative net margin of 46.86%.The firm had revenue of $20.74 million during the quarter, compared to analysts’ expectations of $19.00 million. As a group, equities research analysts anticipate that Ambiq Micro will post -1.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ambiq Micro news, CEO Fumihide Esaka sold 60,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $70.02, for a total value of $4,201,200.00. Following the completion of the sale, the chief executive officer directly owned 391,189 shares in the company, valued at approximately $27,391,053.78. This trade represents a 13.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $3,947,509.65. Following the completion of the sale, the chief operating officer owned 120,275 shares of the company’s stock, valued at approximately $8,526,294.75. This trade represents a 31.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 223,288 shares of company stock valued at $16,326,101 in the last 90 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings 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 valued at $25,000 after purchasing an additional 702 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Ambiq Micro in the third quarter valued at about $28,000. New York State Common Retirement Fund acquired a new position in shares of Ambiq Micro in the fourth quarter valued at about $48,000. JPMorgan Chase & Co. acquired a new position in shares of Ambiq Micro in the third quarter valued at about $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Ambiq Micro in the third quarter valued at about $65,000.

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.