Analysts Set Ambiq Micro, Inc. (NYSE:AMBQ) PT at $52.80

Ambiq Micro, Inc. (NYSE:AMBQ) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $52.80.

AMBQ has been the topic of a number of research analyst reports. Needham & Company LLC boosted their target price on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Bank of America restated a “neutral” rating and set a $35.00 price objective on shares of Ambiq Micro in a research report on Thursday, March 5th. UBS Group upped their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Northland Securities initiated coverage on Ambiq Micro in a research report on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price objective on the stock.

Ambiq Micro Trading Up 3.4%

NYSE:AMBQ opened at $87.92 on Wednesday. The company has a market capitalization of $1.88 billion and a P/E ratio of -4.25. Ambiq Micro has a 12 month low of $22.12 and a 12 month high of $91.61. The business’s 50-day moving average is $68.18 and its 200 day moving average is $43.30.

Insider Buying and Selling at Ambiq Micro

In other Ambiq Micro news, COO Sean Chihhsiang Chen sold 55,685 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the sale, the chief operating officer directly owned 120,275 shares in the company, valued at $8,526,294.75. This represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy Chen sold 70,592 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $79.79, for a total value of $5,632,535.68. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 223,288 shares of company stock valued at $16,326,101.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMBQ. California State Teachers Retirement System grew its stake in shares of Ambiq Micro by 244.6% during the first 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 position in shares of Ambiq Micro during the third quarter valued at approximately $28,000. New York State Common Retirement Fund bought a new position in shares of Ambiq Micro during the fourth quarter valued at approximately $48,000. JPMorgan Chase & Co. bought a new position in shares of Ambiq Micro during the third quarter valued at approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Ambiq Micro during the third quarter valued at approximately $65,000.

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.