Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $63.36, for a total value of $3,168,000.00. Following the completion of the sale, the chief executive officer directly owned 460,460 shares in the company, valued at $29,174,745.60. This trade represents a 9.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- On Tuesday, September 15th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The stock was sold at an average price of $60.28, for a total value of $813,780.00.
- On Monday, August 31st, Fumihide Esaka sold 48,500 shares of Ambiq Micro stock. The stock was sold at an average price of $57.44, for a total transaction of $2,785,840.00.
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The shares were sold at an average price of $56.39, for a total transaction of $2,761,587.47.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The stock was sold at an average price of $56.69, for a total transaction of $625,120.63.
- On Friday, August 14th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $64.39, for a total transaction of $869,265.00.
Ambiq Micro Stock Up 1.9%
Shares of NYSE:AMBQ traded up $1.11 during trading on Tuesday, hitting $60.72. 358,288 shares of the company were exchanged, compared to its average volume of 501,346. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $91.61. The company has a market capitalization of $1.47 billion, a P/E ratio of -28.64 and a beta of 5.58. The business’s 50 day moving average is $66.27 and its 200-day moving average is $57.28.
Hedge Funds Weigh In On Ambiq Micro
A number of hedge funds have recently made changes to their positions in AMBQ. Polar Asset Management Partners Inc. lifted its stake in shares of Ambiq Micro by 671.8% in the first quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock worth $5,116,000 after acquiring an additional 175,247 shares during the period. Wellington Management Group LLP acquired a new stake in Ambiq Micro during the 2nd quarter valued at approximately $14,847,000. Atreides Management LP increased its position in Ambiq Micro by 23.8% during the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after purchasing an additional 165,755 shares during the period. Roubaix Capital LLC acquired a new stake in Ambiq Micro during the 1st quarter valued at approximately $3,197,000. Finally, Lazard Asset Management LLC bought a new position in Ambiq Micro during the 1st quarter worth approximately $1,633,000.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on AMBQ shares. Needham & Company LLC lifted their target price on shares of Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Northland Securities set a $81.00 price target on shares of Ambiq Micro in a research note on Wednesday, August 12th. Roth Capital initiated coverage on shares of Ambiq Micro in a report on Monday, July 13th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Citigroup reissued a “neutral” rating on shares of Ambiq Micro in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.20.
View Our Latest Report on AMBQ
About Ambiq Micro
Ambiq Micro, Inc is a semiconductor company that develops ultra-low-power system-on-chip (SoC) solutions and microcontrollers for edge computing and artificial intelligence applications. Its technology is designed to help battery-powered devices perform data processing locally while extending battery life.
The company’s product portfolio includes its Apollo family of low-power microcontrollers and SoCs, as well as solutions that integrate processing, memory, wireless connectivity and AI capabilities.
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