Hound Partners LLC bought a new position in Ambiq Micro, Inc. (NYSE:AMBQ – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $598,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in Ambiq Micro during the third quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Ambiq Micro in the 3rd quarter worth about $30,000. JPMorgan Chase & Co. acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at about $56,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ambiq Micro during the 3rd quarter worth about $101,000. Finally, Rhumbline Advisers purchased a new stake in shares of Ambiq Micro during the 3rd quarter worth about $119,000.
Ambiq Micro Price Performance
Shares of NYSE AMBQ opened at $25.51 on Monday. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $51.76. The company has a market capitalization of $542.32 million and a price-to-earnings ratio of -0.65. The business has a 50-day moving average of $31.08 and a 200-day moving average of $30.48.
Wall Street Analysts Forecast Growth
AMBQ has been the topic of several research reports. Bank of America restated a “neutral” rating and issued a $35.00 price target on shares of Ambiq Micro in a report on Thursday, March 5th. Wall Street Zen raised shares of Ambiq Micro from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Ambiq Micro in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ambiq Micro has an average rating of “Hold” and an average price target of $40.00.
View Our Latest Report on AMBQ
Insider Activity at Ambiq Micro
In other news, CTO Scott Mclean Hanson sold 10,000 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $31.00, for a total value of $310,000.00. Following the completion of the transaction, the chief technology officer directly owned 122,818 shares in the company, valued at approximately $3,807,358. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph A. Tautges sold 7,800 shares of the firm’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 $241,800.00. Following the sale, the director directly owned 48,746 shares of the company’s stock, valued at approximately $1,511,126. The trade was a 13.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.
About Ambiq Micro
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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