Ambiq Micro (NYSE:AMBQ) Shares Gap Up – Time to Buy?

Ambiq Micro, Inc. (NYSE:AMBQ)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $79.12, but opened at $84.42. Ambiq Micro shares last traded at $83.4680, with a volume of 55,262 shares changing hands.

Analyst Ratings Changes

AMBQ has been the topic of a number of research analyst reports. Northland Securities assumed coverage on Ambiq Micro in a research report on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price target on the stock. Bank of America reissued a “neutral” rating and issued a $35.00 price objective on shares of Ambiq Micro in a research note on Thursday, March 5th. UBS Group increased their target price on Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Wall Street Zen raised Ambiq Micro from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Zacks Research upgraded shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.80.

Ambiq Micro Stock Up 5.8%

The business’s fifty day moving average is $58.30 and its two-hundred day moving average is $39.64. The firm has a market cap of $1.79 billion and a price-to-earnings ratio of -4.04.

Insider Transactions at Ambiq Micro

In other news, CEO Fumihide Esaka sold 60,000 shares of Ambiq Micro stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $70.02, for a total value 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 trade represents a 13.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Sean Chihhsiang Chen sold 55,685 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $70.89, for a total value of $3,947,509.65. Following the sale, the chief operating officer owned 120,275 shares of the company’s stock, valued at approximately $8,526,294.75. The trade was a 31.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 223,288 shares of company stock worth $16,326,101.

Institutional Investors Weigh In On Ambiq Micro

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Ambiq Micro by 632.3% during the first quarter. Bank of America Corp DE now owns 48,033 shares of the company’s stock worth $1,221,000 after buying an additional 41,474 shares during the last quarter. Atreides Management LP grew its holdings in Ambiq Micro by 23.8% during the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock worth $21,908,000 after acquiring an additional 165,755 shares during the period. California State Teachers Retirement System raised its position in shares of Ambiq Micro by 244.6% during the 1st quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock valued at $25,000 after acquiring an additional 702 shares during the last quarter. Readystate Asset Management LP raised its position in shares of Ambiq Micro by 152.6% during the 1st quarter. Readystate Asset Management LP now owns 41,917 shares of the company’s stock valued at $1,065,000 after acquiring an additional 25,321 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Ambiq Micro by 1,332.1% in the 1st quarter. Royal Bank of Canada now owns 11,600 shares of the company’s stock valued at $295,000 after purchasing an additional 10,790 shares during the period.

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.