Atreides Management LP Buys 12,113 Shares of Ambiq Micro, Inc. $AMBQ

Atreides Management LP raised its stake in Ambiq Micro, Inc. (NYSE:AMBQ) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 696,420 shares of the company’s stock after acquiring an additional 12,113 shares during the period. Atreides Management LP’s holdings in Ambiq Micro were worth $19,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Ambiq Micro in the third quarter valued at approximately $28,000. New York State Common Retirement Fund purchased a new position in shares of Ambiq Micro during the fourth quarter valued at approximately $48,000. JPMorgan Chase & Co. purchased a new position in shares of Ambiq Micro during the third quarter valued at approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Ambiq Micro during the third quarter valued at approximately $65,000. Finally, Rhumbline Advisers purchased a new position in shares of Ambiq Micro during the third quarter valued at approximately $119,000.

Insider Activity

In other news, CTO Scott Mclean Hanson sold 10,200 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $69.24, for a total transaction of $706,248.00. Following the transaction, the chief technology officer directly owned 203,126 shares of the company’s stock, valued at $14,064,444.24. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Fumihide Esaka sold 60,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $70.02, for a total value of $4,201,200.00. Following the transaction, the chief executive officer directly owned 391,189 shares in the company, valued at approximately $27,391,053.78. The trade was a 13.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 223,288 shares of company stock valued at $16,326,101.

Ambiq Micro Trading Down 3.2%

NYSE AMBQ opened at $79.45 on Thursday. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $89.33. The stock has a market cap of $1.70 billion and a P/E ratio of -3.84. The stock’s fifty day moving average price is $58.30 and its 200-day moving average price is $39.64.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMBQ shares. Needham & Company LLC boosted their target price on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Bank of America reissued a “neutral” rating and set a $35.00 target price on shares of Ambiq Micro in a research note on Thursday, March 5th. UBS Group boosted their target price on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Ambiq Micro from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Finally, Northland Securities started coverage on Ambiq Micro in a research note on Tuesday, April 21st. They set an “outperform” rating and a $44.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ambiq Micro currently has a consensus rating of “Hold” and a consensus target price of $52.80.

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.