Wasatch Advisors LP Has $6.46 Million Stock Holdings in Ambiq Micro, Inc. $AMBQ

Wasatch Advisors LP lifted its position in shares of Ambiq Micro, Inc. (NYSE:AMBQ) by 16.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,303 shares of the company’s stock after purchasing an additional 36,791 shares during the period. Wasatch Advisors LP’s holdings in Ambiq Micro were worth $6,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers acquired a new stake in Ambiq Micro during the 3rd quarter worth approximately $119,000. JPMorgan Chase & Co. acquired a new position in Ambiq Micro in the 3rd quarter valued at approximately $56,000. Vanguard Group Inc. acquired a new position in Ambiq Micro in the 3rd quarter valued at approximately $9,210,000. Monashee Investment Management LLC bought a new position in shares of Ambiq Micro during the third quarter valued at $5,984,000. Finally, First Eagle Investment Management LLC bought a new position in shares of Ambiq Micro during the third quarter valued at $1,762,000.

Insiders Place Their Bets

In other Ambiq Micro news, CTO Scott Mclean Hanson sold 10,200 shares of Ambiq Micro stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $69.24, for a total value of $706,248.00. Following the completion of the sale, the chief technology officer directly owned 203,126 shares in the company, valued at approximately $14,064,444.24. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Fumihide Esaka sold 60,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the completion of the sale, the chief executive officer owned 391,189 shares of the company’s stock, valued at $27,391,053.78. The trade was a 13.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 223,288 shares of company stock valued at $16,326,101 in the last 90 days.

Ambiq Micro Price Performance

Shares of NYSE:AMBQ opened at $80.46 on Friday. Ambiq Micro, Inc. has a 1 year low of $22.12 and a 1 year high of $91.61. The business’s 50-day moving average is $66.07 and its 200-day moving average is $42.41. The company has a market capitalization of $1.72 billion and a price-to-earnings ratio of -3.89.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Needham & Company LLC raised their target price on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. UBS Group lifted their target price on Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Northland Securities started coverage on Ambiq Micro in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Bank of America reissued a “neutral” rating and issued a $35.00 price target on shares of Ambiq Micro in a research note on Thursday, March 5th. Three 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’s stock. Based on data from MarketBeat, Ambiq Micro presently has a consensus rating of “Hold” and a consensus target price of $52.80.

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.