Ambiq Micro (NYSE:AMBQ) Sets New 1-Year High – What’s Next?

Ambiq Micro, Inc. (NYSE:AMBQ)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $91.61 and last traded at $90.9780, with a volume of 2218204 shares traded. The stock had previously closed at $79.12.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen raised Ambiq Micro from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Bank of America reiterated 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 upped their target price on Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Northland Securities began coverage on Ambiq Micro in a research note on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price target for the company. Finally, Needham & Company LLC upped their target price on shares of Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Three 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.80.

Ambiq Micro Stock Performance

The company has a market cap of $1.95 billion and a P/E ratio of -4.40. The firm has a 50 day moving average price of $59.56 and a two-hundred day moving average price of $40.11.

Insiders Place Their Bets

In other Ambiq Micro news, Director Timothy Chen sold 70,592 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $79.79, for a total transaction of $5,632,535.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Scott Mclean Hanson sold 10,200 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $69.24, for a total value of $706,248.00. Following the sale, the chief technology officer owned 203,126 shares in the company, valued at approximately $14,064,444.24. The trade was a 4.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 223,288 shares of company stock worth $16,326,101 in the last three months.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in Ambiq Micro by 632.3% during the first quarter. Bank of America Corp DE now owns 48,033 shares of the company’s stock valued at $1,221,000 after acquiring an additional 41,474 shares during the last quarter. Atreides Management LP boosted its stake in shares of 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 purchasing an additional 165,755 shares in the last quarter. California State Teachers Retirement System grew its holdings 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 purchasing an additional 702 shares during the last quarter. Readystate Asset Management LP grew its holdings 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 purchasing an additional 25,321 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Ambiq Micro by 1,332.1% during 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 last quarter.

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.