Ambiq Micro, Inc. $AMBQ Stock Position Increased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. raised its position in shares of Ambiq Micro, Inc. (NYSE:AMBQ) by 671.8% in the first quarter, HoldingsChannel reports. The firm owned 201,335 shares of the company’s stock after acquiring an additional 175,247 shares during the period. Polar Asset Management Partners Inc.’s holdings in Ambiq Micro were worth $5,116,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

AMBQ has been the subject of a number of analyst reports. UBS Group boosted their price target 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 set a $86.00 price target on Ambiq Micro in a report on Wednesday, July 8th. Zacks Research upgraded shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Finally, Needham & Company LLC increased their target price on shares of Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ambiq Micro has a consensus rating of “Hold” and a consensus price target of $71.83.

Ambiq Micro Price Performance

AMBQ opened at $70.31 on Monday. The business has a 50 day moving average price of $80.76 and a two-hundred day moving average price of $49.68. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of -3.40. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $91.61.

Insider Buying and Selling

In other news, CTO Scott Mclean Hanson sold 10,200 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was 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 owned 203,126 shares in the company, valued at $14,064,444.24. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeffrey G. Winzeler sold 26,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $69.90, for a total value of $1,817,400.00. Following the transaction, the chief financial officer directly owned 94,395 shares of the company’s stock, valued at $6,598,210.50. This represents a 21.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 222,477 shares of company stock worth $16,304,893. 10.00% of the stock is owned by corporate insiders.

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.