Ambiq Micro (NYSE:AMBQ) Hits New 52-Week High – Here’s Why

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) reached a new 52-week high on Friday . The company traded as high as $87.60 and last traded at $88.6620, with a volume of 108601 shares traded. The stock had previously closed at $83.39.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMBQ shares. Northland Securities started coverage on Ambiq Micro in a report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price target for the company. Wall Street Zen raised Ambiq Micro from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. UBS Group upped their price target on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Bank of America reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Ambiq Micro in a report on Thursday, March 5th. Finally, Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $52.80.

Ambiq Micro Price Performance

The firm has a market cap of $1.83 billion and a PE ratio of -4.14. The business has a 50-day moving average price of $53.91 and a two-hundred day moving average price of $37.98.

Insiders Place Their Bets

In other news, CFO Jeffrey G. Winzeler sold 26,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $69.90, for a total value of $1,817,400.00. Following the completion of the transaction, the chief financial officer owned 94,395 shares in the company, valued at $6,598,210.50. This trade represents a 21.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Scott Mclean Hanson sold 10,200 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer owned 203,126 shares of the company’s stock, valued at approximately $14,064,444.24. This represents a 4.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 223,288 shares of company stock valued at $16,326,101.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Atreides Management LP boosted its stake in shares of Ambiq Micro by 23.8% during the first quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after acquiring an additional 165,755 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Ambiq Micro during the third quarter valued at $13,050,000. KADENSA CAPITAL Ltd acquired a new stake in shares of Ambiq Micro during the third quarter valued at $11,818,000. Franklin Resources Inc. boosted its stake in shares of Ambiq Micro by 2,474.3% during the fourth quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after acquiring an additional 295,927 shares during the last quarter. Finally, Vanguard Group Inc. acquired a new stake in shares of Ambiq Micro during the third quarter valued at $9,210,000.

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.