Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 48,973 shares of Ambiq Micro stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $56.39, for a total value of $2,761,587.47. Following the completion of the sale, the chief executive officer directly owned 460,460 shares of the company’s stock, valued at $25,965,339.40. This trade represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- 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 value of $2,785,840.00.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The shares were sold at an average price of $56.69, for a total value 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 value of $869,265.00.
Ambiq Micro Stock Up 2.2%
Shares of AMBQ stock opened at $57.66 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -27.20 and a beta of 5.58. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $91.61. The stock has a 50-day moving average price of $69.20 and a 200 day moving average price of $55.79.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Ambiq Micro by 2,167.7% in the second quarter. California State Teachers Retirement System now owns 22,428 shares of the company’s stock worth $1,980,000 after purchasing an additional 21,439 shares during the period. Azimuth Capital Investment Management LLC acquired a new stake in Ambiq Micro during the 2nd quarter worth $234,000. AXQ Capital LP acquired a new position in Ambiq Micro in the second quarter valued at about $539,000. Resolute Advisors LLC acquired a new position in Ambiq Micro in the second quarter valued at about $265,000. Finally, Wellington Management Group LLP bought a new stake in shares of Ambiq Micro in the second quarter worth about $14,847,000.
Analyst Ratings Changes
A number of analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Roth Capital began coverage on Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 price target on the stock. UBS Group set a $85.00 price target on Ambiq Micro in a research report on Wednesday, August 12th. Needham & Company LLC lifted their price objective on Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Northland Securities set a $81.00 price objective on Ambiq Micro in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $82.20.
Get Our Latest Stock Report on Ambiq Micro
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.
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