Ambiq Micro (NYSE:AMBQ) Upgraded by Roth Capital to “Strong-Buy” Rating

Roth Capital upgraded shares of Ambiq Micro (NYSE:AMBQ) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Needham & Company LLC upped their price target 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 set a $86.00 price target on shares of Ambiq Micro in a research note on Wednesday, July 8th. UBS Group lifted their price objective on shares of Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.83.

Ambiq Micro Price Performance

AMBQ opened at $85.16 on Monday. The company has a market capitalization of $1.82 billion and a price-to-earnings ratio of -4.12. The business’s 50-day moving average price is $77.70 and its two-hundred day moving average price is $47.11. Ambiq Micro has a 1 year low of $22.12 and a 1 year high of $91.61.

Insider Buying and Selling at Ambiq Micro

In other Ambiq Micro news, CTO Scott Mclean Hanson sold 10,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was 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 directly owned 203,126 shares in the company, valued at $14,064,444.24. This trade represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy Chen sold 70,592 shares of the business’s stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders have sold a total of 222,477 shares of company stock valued at $16,304,893 in the last ninety days. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Ambiq Micro

Large investors have recently made changes to their positions in the stock. 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 valued at $25,000 after buying an additional 702 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Ambiq Micro during the third quarter worth $28,000. Inspire Investing LLC raised its position in Ambiq Micro by 7.1% during the fourth quarter. Inspire Investing LLC now owns 16,141 shares of the company’s stock worth $460,000 after acquiring an additional 1,065 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Ambiq Micro in the fourth quarter valued at $48,000. Finally, JPMorgan Chase & Co. acquired a new stake in Ambiq Micro in the third quarter valued at $56,000.

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.