Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CTO Scott Mclean Hanson sold 27,500 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $59.80, for a total value of $1,644,500.00. Following the transaction, the chief technology officer directly owned 221,226 shares in the company, valued at approximately $13,229,314.80. This represents a 11.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Scott Mclean Hanson also recently made the following trade(s):
- On Friday, August 14th, Scott Mclean Hanson sold 7,000 shares of Ambiq Micro stock. The stock was sold at an average price of $64.38, for a total value of $450,660.00.
Ambiq Micro Price Performance
Shares of AMBQ opened at $57.28 on Friday. The firm has a market cap of $1.39 billion and a P/E ratio of -27.02. The stock has a 50 day simple moving average of $71.72 and a two-hundred day simple moving average of $54.83. Ambiq Micro, Inc. has a 1 year low of $22.12 and a 1 year high of $91.61.
Wall Street Analyst Weigh In
AMBQ has been the topic of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Ambiq Micro in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. Northland Securities set a $81.00 price objective on Ambiq Micro in a report on Wednesday, August 12th. UBS Group set a $85.00 target price on Ambiq Micro in a research note on Wednesday, August 12th. Finally, Needham & Company LLC increased their target price on Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $82.20.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in 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 buying 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 about $28,000. New York State Common Retirement Fund bought a new position in shares of Ambiq Micro during the fourth quarter valued at about $48,000. JPMorgan Chase & Co. purchased a new stake in shares of Ambiq Micro during the third quarter worth about $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Ambiq Micro during the third quarter worth about $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.
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