Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 48,500 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $57.44, for a total value of $2,785,840.00. Following the transaction, the chief executive officer owned 451,189 shares in the company, valued at $25,916,296.16. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The shares were sold at an average price of $56.39, for a total transaction of $2,761,587.47.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The shares were sold at an average price of $56.69, for a total transaction of $625,120.63.
- On Friday, August 14th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $64.39, for a total transaction of $869,265.00.
Ambiq Micro Trading Up 2.4%
NYSE AMBQ traded up $1.34 on Wednesday, hitting $57.28. 385,046 shares of the company were exchanged, compared to its average volume of 504,467. The company has a market cap of $1.39 billion, a PE ratio of -27.02 and a beta of 5.59. The stock has a fifty day moving average of $70.66 and a 200-day moving average of $55.39. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $91.61.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. UBS Group set a $85.00 price target on Ambiq Micro in a research note on Wednesday, August 12th. Roth Capital assumed coverage on Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 price objective for the company. Northland Securities set a $81.00 price objective on Ambiq Micro in a report on Wednesday, August 12th. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. Finally, Needham & Company LLC lifted their price target on shares of Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.20.
Check Out Our Latest Analysis on Ambiq Micro
Hedge Funds Weigh In On Ambiq Micro
Hedge funds have recently added to or reduced their stakes in the stock. Atreides Management LP boosted its stake in Ambiq Micro by 23.8% during the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after purchasing an additional 165,755 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Ambiq Micro in the third quarter worth approximately $13,050,000. Franklin Resources Inc. lifted its holdings in shares of Ambiq Micro by 2,474.3% in the fourth 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 in the last quarter. Vanguard Group Inc. bought a new position in shares of Ambiq Micro in the third quarter valued at approximately $9,210,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Ambiq Micro during the third quarter valued at approximately $8,201,000.
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.
Recommended Stories
- Five stocks we like better than Ambiq Micro
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for Ambiq Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambiq Micro and related companies with MarketBeat.com's FREE daily email newsletter.
