Short Interest in Ambiq Micro, Inc. (NYSE:AMBQ) Declines By 43.1%

Ambiq Micro, Inc. (NYSE:AMBQ) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 233,865 shares, a decline of 43.1% from the January 15th total of 410,670 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 487,949 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 487,949 shares, the short-interest ratio is currently 0.5 days. Currently, 1.3% of the shares of the stock are sold short.

Ambiq Micro Trading Up 0.6%

Ambiq Micro stock traded up $0.19 during trading on Friday, hitting $29.51. The company had a trading volume of 192,911 shares, compared to its average volume of 366,848. Ambiq Micro has a 1-year low of $22.12 and a 1-year high of $51.76. The company has a 50 day simple moving average of $30.93. The stock has a market cap of $540.24 million and a PE ratio of -1.49.

Insider Activity at Ambiq Micro

In related news, CTO Scott Mclean Hanson sold 10,000 shares of Ambiq Micro stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $31.00, for a total transaction of $310,000.00. Following the transaction, the chief technology officer owned 122,818 shares in the company, valued at approximately $3,807,358. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph A. Tautges sold 7,800 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $31.00, for a total value of $241,800.00. Following the transaction, the director directly owned 48,746 shares in the company, valued at $1,511,126. This trade represents a 13.79% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On Ambiq Micro

Several institutional investors and hedge funds have recently modified their holdings of AMBQ. BNP Paribas Financial Markets acquired a new position in Ambiq Micro during the 3rd quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Ambiq Micro during the third quarter worth about $30,000. New York State Common Retirement Fund acquired a new stake in shares of Ambiq Micro during the fourth quarter worth about $48,000. JPMorgan Chase & Co. acquired 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 position in shares of Ambiq Micro in the third quarter valued at approximately $65,000.

Analyst Upgrades and Downgrades

AMBQ has been the subject of several analyst reports. UBS Group lowered their price objective on Ambiq Micro from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Wall Street Zen cut Ambiq Micro from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings initiated coverage on Ambiq Micro in a research report on Thursday, October 23rd. They set a “sell (e-)” rating for the company. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.75.

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.