Ambiq Micro (NYSE:AMBQ) Sees Large Volume Increase – Time to Buy?

Ambiq Micro, Inc. (NYSE:AMBQ) saw an uptick in trading volume on Wednesday . Approximately 534,352 shares were traded during trading, an increase of 10% from the previous session’s volume of 483,664 shares.The stock last traded at $81.0190 and had previously closed at $79.78.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMBQ shares. Bank of America reissued a “neutral” rating and issued a $35.00 target price on shares of Ambiq Micro in a report on Thursday, March 5th. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Needham & Company LLC lifted their price target on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. UBS Group boosted their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Northland Securities started coverage on Ambiq Micro in a report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $52.80.

Ambiq Micro Price Performance

The firm’s 50 day moving average price is $65.09 and its two-hundred day moving average price is $42.14. The firm has a market cap of $1.78 billion and a price-to-earnings ratio of -4.02.

Insider Activity

In other Ambiq Micro news, CTO Scott Mclean Hanson sold 10,200 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was 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 directly owned 203,126 shares of the company’s stock, valued at approximately $14,064,444.24. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fumihide Esaka sold 60,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the completion of the sale, the chief executive officer owned 391,189 shares of the company’s stock, valued at $27,391,053.78. This trade represents a 13.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 223,288 shares of company stock worth $16,326,101 over the last quarter.

Hedge Funds Weigh In On Ambiq Micro

Large investors have recently modified their holdings of the business. Atreides Management LP purchased a new stake in shares of Ambiq Micro in the third quarter valued at approximately $20,474,000. Alliancebernstein L.P. acquired a new position in shares of Ambiq Micro during the 3rd quarter worth $13,050,000. KADENSA CAPITAL Ltd purchased a new position in shares of Ambiq Micro in the 3rd quarter valued at about $11,818,000. Vanguard Group Inc. purchased a new position in shares of Ambiq Micro in the 3rd quarter valued at about $9,210,000. Finally, Franklin Resources Inc. lifted its stake in shares of Ambiq Micro by 2,474.3% in the fourth quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after purchasing an additional 295,927 shares during the period.

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.