Fortress Investment Group LLC purchased a new position in shares of Ambiq Micro, Inc. (NYSE:AMBQ – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $4,488,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AMBQ. BNP Paribas Financial Markets purchased a new position in shares of Ambiq Micro in the 3rd quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Ambiq Micro during the 3rd quarter valued at about $30,000. JPMorgan Chase & Co. bought a new stake in Ambiq Micro in the 3rd quarter worth approximately $56,000. SBI Securities Co. Ltd. bought a new stake in Ambiq Micro in the 3rd quarter worth approximately $101,000. Finally, Rhumbline Advisers purchased a new stake in Ambiq Micro in the third quarter worth approximately $119,000.
Ambiq Micro Trading Down 5.2%
NYSE AMBQ opened at $25.51 on Monday. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $51.76. The stock has a 50-day moving average of $31.08 and a 200-day moving average of $30.48. The firm has a market cap of $542.32 million and a PE ratio of -0.65.
Analyst Ratings Changes
AMBQ has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Ambiq Micro from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Bank of America restated a “neutral” rating and issued a $35.00 price objective on shares of Ambiq Micro in a report on Thursday, March 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Ambiq Micro in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.00.
View Our Latest Research Report on AMBQ
Insider Buying and Selling
In other news, CTO Scott Mclean Hanson sold 10,000 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $31.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief technology officer owned 122,818 shares of the company’s stock, valued at approximately $3,807,358. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph A. Tautges sold 7,800 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $31.00, for a total transaction of $241,800.00. Following the completion of the transaction, the director owned 48,746 shares in the company, valued at $1,511,126. This represents a 13.79% decrease in their position. The disclosure for this sale is available in the SEC filing.
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.
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