Ambiq Micro, Inc. (NYSE:AMBQ) Receives $41.75 Average Target Price from Brokerages

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) have been given a consensus rating of “Hold” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.75.

A number of research firms have recently weighed in on AMBQ. Wall Street Zen upgraded shares of Ambiq Micro from a “sell” rating to a “hold” rating in a report on Sunday. UBS Group lowered their price target 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.

Ambiq Micro Stock Performance

Shares of Ambiq Micro stock opened at $29.70 on Thursday. The company has a market cap of $543.86 million and a price-to-earnings ratio of -1.50. Ambiq Micro has a 12-month low of $22.12 and a 12-month high of $51.76. The stock has a fifty day moving average price of $30.94.

Insider Buying and Selling

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

Institutional Investors Weigh In On Ambiq Micro

A number of large investors have recently modified their holdings of the stock. Atreides Management LP bought a new position in Ambiq Micro in the third quarter worth about $20,474,000. Alliancebernstein L.P. bought a new stake in Ambiq Micro during the 3rd quarter valued at approximately $13,050,000. KADENSA CAPITAL Ltd purchased a new position in shares of Ambiq Micro during the 3rd quarter worth approximately $11,818,000. Vanguard Group Inc. bought a new position in shares of Ambiq Micro in the 3rd quarter worth approximately $9,210,000. Finally, Franklin Resources Inc. lifted its stake in shares of Ambiq Micro by 2,474.3% in the 4th quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after purchasing an additional 295,927 shares during the period.

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.