Renaissance Technologies LLC Increases Holdings in AmpliTech Group, Inc. $AMPG

Renaissance Technologies LLC increased its position in AmpliTech Group, Inc. (NASDAQ:AMPG) by 135.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,600 shares of the company’s stock after acquiring an additional 214,400 shares during the period. Renaissance Technologies LLC owned approximately 1.47% of AmpliTech Group worth $708,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMPG. Geode Capital Management LLC raised its holdings in AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after purchasing an additional 4,811 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of AmpliTech Group by 62.7% in the third quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company’s stock valued at $245,000 after buying an additional 24,302 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after buying an additional 7,837 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of AmpliTech Group by 45.7% during the 3rd quarter. Two Sigma Investments LP now owns 30,531 shares of the company’s stock worth $119,000 after buying an additional 9,570 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of AmpliTech Group in the 3rd quarter worth about $57,000. 10.99% of the stock is owned by hedge funds and other institutional investors.

AmpliTech Group Trading Down 0.2%

AmpliTech Group stock opened at $3.99 on Monday. The stock has a 50-day moving average price of $6.54 and a 200 day moving average price of $4.16. AmpliTech Group, Inc. has a 52 week low of $1.64 and a 52 week high of $10.11. The stock has a market cap of $101.11 million, a PE ratio of -11.74 and a beta of -0.20.

AmpliTech Group (NASDAQ:AMPG) last released its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%. The firm had revenue of $8.07 million during the quarter, compared to analysts’ expectations of $8.00 million.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.00.

Insider Activity

In related news, COO Jorge Luis Flores sold 30,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $5.36, for a total value of $160,800.00. Following the completion of the transaction, the chief operating officer directly owned 76,000 shares in the company, valued at approximately $407,360. This represents a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $7.71, for a total value of $77,100.00. Following the transaction, the director owned 237,743 shares in the company, valued at $1,832,998.53. This trade represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 107,157 shares of company stock valued at $587,948 over the last quarter. Company insiders own 17.12% of the company’s stock.

About AmpliTech Group

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.