200,000 Shares in Ambiq Micro, Inc. $AMBQ Acquired by Monashee Investment Management LLC

Monashee Investment Management LLC acquired a new stake in shares of Ambiq Micro, Inc. (NYSE:AMBQ) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 200,000 shares of the company’s stock, valued at approximately $5,984,000. Ambiq Micro accounts for approximately 3.0% of Monashee Investment Management LLC’s investment portfolio, making the stock its 10th biggest position. Monashee Investment Management LLC owned 1.09% of Ambiq Micro as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Ambiq Micro during the third quarter worth $30,000. JPMorgan Chase & Co. acquired a new stake in Ambiq Micro during the 3rd quarter worth $56,000. SBI Securities Co. Ltd. bought a new position in Ambiq Micro during the third quarter worth about $101,000. Rhumbline Advisers acquired a new position in Ambiq Micro in the third quarter valued at about $119,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Ambiq Micro in the third quarter valued at about $206,000.

Ambiq Micro Stock Down 5.5%

Shares of NYSE:AMBQ opened at $30.59 on Friday. The firm has a market cap of $560.05 million and a price-to-earnings ratio of -1.55. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $51.76. The company’s fifty day simple moving average is $31.25 and its 200 day simple moving average is $31.16.

Insider Activity

In related news, Director Joseph A. Tautges sold 7,800 shares of Ambiq Micro stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $31.00, for a total value of $241,800.00. Following the sale, the director owned 48,746 shares of the company’s stock, valued at approximately $1,511,126. This trade represents a 13.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Scott Mclean Hanson sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief technology officer owned 122,818 shares in the company, valued at $3,807,358. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Ambiq Micro from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.75.

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.