Ambiq Micro (NYSE:AMBQ) Shares Down 9.9% – What’s Next?

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) traded down 9.9% during mid-day trading on Tuesday . The company traded as low as $74.50 and last traded at $75.4940. 153,333 shares traded hands during trading, a decline of 70% from the average daily volume of 508,855 shares. The stock had previously closed at $83.82.

Analyst Ratings Changes

AMBQ has been the topic of several research analyst reports. Northland Securities started coverage on Ambiq Micro in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price objective on the stock. UBS Group lifted 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. Needham & Company LLC boosted their target price on shares of Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Finally, Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $52.80.

Ambiq Micro Price Performance

The stock has a market cap of $1.63 billion and a PE ratio of -3.69. The business has a fifty day moving average of $72.15 and a 200-day moving average of $44.88.

Insider Buying and Selling at Ambiq Micro

In other news, CEO Fumihide Esaka sold 60,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 391,189 shares in the company, valued at approximately $27,391,053.78. This trade represents a 13.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Sean Chihhsiang Chen sold 55,685 shares of Ambiq Micro stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $70.89, for a total value of $3,947,509.65. Following the completion of the sale, the chief operating officer owned 120,275 shares of the company’s stock, valued at $8,526,294.75. The trade was a 31.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 222,477 shares of company stock worth $16,304,893 over the last quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its position in shares of Ambiq Micro by 244.6% in the 1st quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after purchasing an additional 702 shares during the period. 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 purchased a new position in Ambiq Micro during the fourth quarter valued at approximately $48,000. JPMorgan Chase & Co. purchased a new position in Ambiq Micro during the third quarter valued at approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Ambiq Micro in the third quarter worth 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.