Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) Director Ker Zhang sold 10,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $63.44, for a total transaction of $634,400.00. Following the transaction, the director owned 20,366 shares of the company’s stock, valued at $1,292,019.04. The trade was a 32.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ker Zhang also recently made the following trade(s):
- On Friday, September 4th, Ker Zhang sold 185 shares of Ambiq Micro stock. The shares were sold at an average price of $56.92, for a total transaction of $10,530.20.
Ambiq Micro Trading Up 1.9%
NYSE:AMBQ traded up $1.11 on Tuesday, hitting $60.72. 358,288 shares of the company’s stock were exchanged, compared to its average volume of 412,991. The firm has a 50-day moving average price of $65.98 and a 200-day moving average price of $57.47. Ambiq Micro, Inc. has a 52 week low of $22.12 and a 52 week high of $91.61.
Analyst Ratings Changes
Several research firms have weighed in on AMBQ. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. Northland Securities set a $81.00 price target on shares of Ambiq Micro in a research report on Wednesday, August 12th. Roth Capital assumed coverage on shares of Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 price target for the company. Finally, UBS Group set a $85.00 price objective on shares of Ambiq Micro in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $82.20.
Get Our Latest Research Report on AMBQ
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Atreides Management LP raised its stake in Ambiq Micro by 23.8% in the 1st 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 period. Wasatch Advisors LP boosted its position in Ambiq Micro by 16.9% during the first quarter. Wasatch Advisors LP now owns 254,303 shares of the company’s stock worth $6,462,000 after purchasing an additional 36,791 shares during the period. Polar Asset Management Partners Inc. raised its position 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 valued at $5,116,000 after purchasing an additional 175,247 shares during the period. Wellington Management Group LLP bought a new position in shares of Ambiq Micro in the second quarter valued at about $14,847,000. Finally, Roubaix Capital LLC acquired a new stake in shares of Ambiq Micro during the 1st quarter worth about $3,197,000.
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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