Brokerages Set Ambiq Micro, Inc. (NYSE:AMBQ) Price Target at $41.75

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

A number of equities analysts have weighed in on AMBQ shares. UBS Group decreased their price target on Ambiq Micro from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Wall Street Zen raised shares of Ambiq Micro from a “sell” rating to a “hold” rating in a research report on Sunday.

Ambiq Micro Trading Up 0.8%

Shares of Ambiq Micro stock opened at $29.98 on Thursday. The company has a fifty day moving average price of $30.99 and a 200 day moving average price of $31.26. Ambiq Micro has a twelve month low of $22.12 and a twelve month high of $51.76. The stock has a market cap of $548.84 million and a price-to-earnings ratio of -1.52.

Insiders Place Their Bets

In other news, Director Joseph A. Tautges sold 7,800 shares of Ambiq Micro stock in a transaction dated Monday, January 26th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Scott Mclean Hanson sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,807,358. This represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On Ambiq Micro

A number of institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new position in shares of Ambiq Micro during the 3rd quarter valued at approximately $359,000. Kingswood Wealth Advisors LLC acquired a new stake in Ambiq Micro in the third quarter valued at $206,000. Whittier Trust Co. of Nevada Inc. bought a new position in Ambiq Micro during the 3rd quarter valued at $30,000. Kornitzer Capital Management Inc. KS acquired a new position in Ambiq Micro during the 3rd quarter worth $509,000. Finally, SBI Securities Co. Ltd. acquired a new position in Ambiq Micro during the 3rd quarter worth $101,000.

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.