Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) Director Ker Zhang sold 10,000 shares of Ambiq Micro stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $63.44, for a total value of $634,400.00. Following the completion of the transaction, the director owned 20,366 shares in the company, valued at approximately $1,292,019.04. This represents a 32.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Ker Zhang also recently made the following trade(s):
- On Friday, September 4th, Ker Zhang sold 185 shares of Ambiq Micro stock. The shares were sold at an average price of $56.92, for a total value of $10,530.20.
Ambiq Micro Price Performance
AMBQ opened at $60.72 on Wednesday. The stock’s 50 day simple moving average is $65.98 and its 200 day simple moving average is $57.47. Ambiq Micro, Inc. has a 1 year low of $22.12 and a 1 year high of $91.61. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -28.64 and a beta of 5.58.
Hedge Funds Weigh In On Ambiq Micro
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Polar Asset Management Partners Inc. raised its holdings in Ambiq Micro by 671.8% in the 1st quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock worth $5,116,000 after purchasing an additional 175,247 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Ambiq Micro in the 2nd quarter worth about $14,847,000. Atreides Management LP boosted its stake in shares of Ambiq Micro by 23.8% during 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. Roubaix Capital LLC bought a new stake in shares of Ambiq Micro during the 1st quarter valued at about $3,197,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Ambiq Micro during the first quarter valued at about $1,633,000.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Northland Securities set a $81.00 price target on shares of Ambiq Micro in a report on Wednesday, August 12th. Roth Capital began coverage on shares of Ambiq Micro in a research report on Monday, July 13th. They issued a “buy” rating and a $125.00 price objective on the stock. Needham & Company LLC upped their price objective on shares of Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Citigroup reiterated a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $82.20.
Check Out Our Latest Research Report on AMBQ
Ambiq Micro Company Profile
Ambiq Micro, Inc is a semiconductor company that develops ultra-low-power system-on-chip (SoC) solutions and microcontrollers for edge computing and artificial intelligence applications. Its technology is designed to help battery-powered devices perform data processing locally while extending battery life.
The company’s product portfolio includes its Apollo family of low-power microcontrollers and SoCs, as well as solutions that integrate processing, memory, wireless connectivity and AI capabilities.
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