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

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $52.80.

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

Ambiq Micro Price Performance

Shares of AMBQ opened at $79.14 on Wednesday. The firm has a 50-day moving average of $62.99 and a 200-day moving average of $41.39. Ambiq Micro has a one year low of $22.12 and a one year high of $91.61. The company has a market cap of $1.69 billion and a PE ratio of -3.83.

Insider Buying and Selling at Ambiq Micro

In related news, CTO Scott Mclean Hanson sold 10,200 shares of Ambiq Micro stock in a transaction dated 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 of the company’s stock, valued at approximately $14,064,444.24. The trade was a 4.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Sean Chihhsiang Chen sold 55,685 shares of Ambiq Micro stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the sale, the chief operating officer directly owned 120,275 shares of the company’s stock, valued at $8,526,294.75. The trade was a 31.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 223,288 shares of company stock worth $16,326,101 in the last ninety days.

Institutional Trading of Ambiq Micro

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Ambiq Micro during the 3rd quarter worth about $28,000. California State Teachers Retirement System boosted its holdings in Ambiq Micro by 244.6% in the 1st 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. New York State Common Retirement Fund bought a new stake in Ambiq Micro in the 4th quarter valued at about $48,000. JPMorgan Chase & Co. bought a new stake in Ambiq Micro in the 3rd quarter valued at about $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Ambiq Micro in the 3rd quarter valued at about $65,000.

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.