Ambiq Micro, Inc. (NYSE:AMBQ) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $52.80.

Several equities research analysts have weighed in on AMBQ shares. Needham & Company LLC increased their target price on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Northland Securities started coverage on Ambiq Micro in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 target price on the stock. Bank of America reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Ambiq Micro in a research report on Thursday, March 5th. UBS Group increased their target price on Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th.

Insider Transactions at Ambiq Micro

In other Ambiq Micro news, Director Timothy Chen sold 70,592 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total value of $5,632,535.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeffrey G. Winzeler sold 26,000 shares of the 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 sale, the chief financial officer directly owned 94,395 shares in the company, valued at $6,598,210.50. This represents a 21.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 223,288 shares of company stock valued at $16,326,101 over the last three months.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Ambiq Micro by 632.3% in the first quarter. Bank of America Corp DE now owns 48,033 shares of the company’s stock worth $1,221,000 after purchasing an additional 41,474 shares in the last quarter. Atreides Management LP grew its stake in shares of Ambiq Micro by 23.8% in the first quarter. Atreides Management LP now owns 862,175 shares of the company’s stock worth $21,908,000 after purchasing an additional 165,755 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Ambiq Micro by 244.6% in the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. Readystate Asset Management LP grew its stake in shares of Ambiq Micro by 152.6% in the first quarter. Readystate Asset Management LP now owns 41,917 shares of the company’s stock worth $1,065,000 after purchasing an additional 25,321 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Ambiq Micro by 1,332.1% in the first quarter. Royal Bank of Canada now owns 11,600 shares of the company’s stock worth $295,000 after purchasing an additional 10,790 shares in the last quarter.

Ambiq Micro Trading Up 0.4%

AMBQ stock opened at $80.46 on Wednesday. The firm has a market cap of $1.72 billion and a P/E ratio of -3.89. Ambiq Micro has a 12-month low of $22.12 and a 12-month high of $91.61. The stock’s 50 day simple moving average is $66.07 and its 200 day simple moving average is $42.50.

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.