Ambiq Micro (NYSE:AMBQ) Rating Increased to Strong-Buy at Roth Capital

Ambiq Micro (NYSE:AMBQ) was upgraded by research analysts at Roth Capital to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on AMBQ. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Needham & Company LLC boosted their price target on shares of Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Northland Securities set a $86.00 price objective on Ambiq Micro in a report on Wednesday, July 8th. UBS Group boosted their target price 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, Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.83.

Ambiq Micro Trading Up 4.7%

Shares of Ambiq Micro stock opened at $85.16 on Monday. The business’s fifty day simple moving average is $77.70 and its 200 day simple moving average is $47.11. The firm has a market capitalization of $1.82 billion and a P/E ratio of -4.12. Ambiq Micro has a 12 month low of $22.12 and a 12 month high of $91.61.

Insider Activity at Ambiq Micro

In other news, CTO Scott Mclean Hanson sold 10,200 shares of Ambiq Micro stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $69.24, for a total value of $706,248.00. Following the completion of the sale, the chief technology officer directly owned 203,126 shares in the company, valued at $14,064,444.24. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Sean Chihhsiang Chen sold 55,685 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer owned 120,275 shares in the company, valued at approximately $8,526,294.75. This trade represents a 31.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,477 shares of company stock valued at $16,304,893 over the last three months. 10.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ambiq Micro

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in shares of Ambiq Micro by 244.6% during the 1st quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock valued at $25,000 after acquiring an additional 702 shares during the period. BNP Paribas Financial Markets bought a new position in Ambiq Micro in the 3rd quarter worth $28,000. New York State Common Retirement Fund bought a new position in Ambiq Micro in the 4th quarter worth $48,000. JPMorgan Chase & Co. purchased a new position in Ambiq Micro during the third quarter valued at $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Ambiq Micro during the third quarter valued at $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.