Summit Partners Public Asset Management LLC Has $3.52 Million Stock Position in Ambiq Micro, Inc. $AMBQ

Summit Partners Public Asset Management LLC grew its holdings in shares of Ambiq Micro, Inc. (NYSE:AMBQ) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,597 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Summit Partners Public Asset Management LLC owned 0.68% of Ambiq Micro worth $3,523,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Ambiq Micro during the third quarter valued at about $28,000. New York State Common Retirement Fund purchased a new position in Ambiq Micro in the fourth quarter valued at about $48,000. JPMorgan Chase & Co. purchased a new stake in shares of Ambiq Micro during the 3rd quarter valued at approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Ambiq Micro during the 3rd quarter valued at approximately $65,000. Finally, Rhumbline Advisers purchased a new stake in shares of Ambiq Micro during the 3rd quarter valued at approximately $119,000.

Insider Transactions at Ambiq Micro

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

Ambiq Micro Stock Down 4.3%

Shares of AMBQ opened at $81.83 on Wednesday. The stock has a market capitalization of $1.75 billion and a P/E ratio of -3.96. The firm has a fifty day simple moving average of $57.28 and a two-hundred day simple moving average of $39.25. Ambiq Micro, Inc. has a twelve month low of $22.12 and a twelve month high of $89.33.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Northland Securities started coverage on shares of Ambiq Micro in a report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price target on the stock. Bank of America reaffirmed a “neutral” rating and set a $35.00 target price on shares of Ambiq Micro in a report on Thursday, March 5th. Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Ambiq Micro from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.80.

Ambiq Micro 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.