Ambiq Micro (NYSE:AMBQ) Stock Price Down 10.9% – Time to Sell?

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) were down 10.9% during mid-day trading on Thursday . The company traded as low as $73.75 and last traded at $73.2760. Approximately 365,357 shares were traded during trading, a decline of 28% from the average daily volume of 509,264 shares. The stock had previously closed at $82.22.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMBQ. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. Northland Securities set a $86.00 price target on shares of Ambiq Micro in a research report on Wednesday, July 8th. UBS Group upped their price target on shares of Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Roth Capital started coverage on Ambiq Micro in a research note on Monday. They issued a “buy” rating and a $125.00 price objective on the stock. Four 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.83.

Ambiq Micro Stock Performance

The firm’s 50 day simple moving average is $78.52 and its 200-day simple moving average is $47.47. The company has a market capitalization of $1.58 billion and a price-to-earnings ratio of -3.54.

Insider Buying and Selling at Ambiq Micro

In related news, CTO Scott Mclean Hanson sold 10,200 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were 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 approximately $14,064,444.24. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Sean Chihhsiang Chen sold 55,685 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the transaction, the chief operating officer owned 120,275 shares in the company, valued at approximately $8,526,294.75. This represents a 31.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,477 shares of company stock valued at $16,304,893 in the last 90 days. Corporate insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Ambiq Micro

A number of large investors have recently added to or reduced their stakes in AMBQ. California State Teachers Retirement System grew its stake in Ambiq Micro by 244.6% in the 1st 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 during the last quarter. BNP Paribas Financial Markets bought a new stake in Ambiq Micro in the 3rd quarter valued at $28,000. New York State Common Retirement Fund acquired a new position in Ambiq Micro in the fourth quarter worth about $48,000. JPMorgan Chase & Co. acquired a new stake in Ambiq Micro in the 3rd quarter valued at $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Ambiq Micro in the 3rd quarter worth about $65,000.

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.