Ambiq Micro, Inc. $AMBQ Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its position in Ambiq Micro, Inc. (NYSE:AMBQ) by 54.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,442 shares of the company’s stock after buying an additional 9,369 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Ambiq Micro were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Ambiq Micro during the third quarter worth approximately $28,000. Inspire Investing LLC raised its position in Ambiq Micro by 7.1% in the 4th quarter. Inspire Investing LLC now owns 16,141 shares of the company’s stock valued at $460,000 after purchasing an additional 1,065 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Ambiq Micro in the 4th quarter valued at $48,000. JPMorgan Chase & Co. acquired a new stake in Ambiq Micro during the 3rd quarter worth $56,000. Finally, Barclays PLC grew its position in Ambiq Micro by 28.7% during the 4th quarter. Barclays PLC now owns 8,451 shares of the company’s stock worth $241,000 after purchasing an additional 1,883 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. UBS Group increased their target price on shares of Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Finally, Roth Capital began coverage on Ambiq Micro in a research note on Monday. They set a “buy” rating and a $125.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ambiq Micro presently has an average rating of “Hold” and a consensus price target of $71.83.

Insiders Place Their Bets

In related news, CFO Jeffrey G. Winzeler sold 26,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $69.90, for a total transaction of $1,817,400.00. Following the completion of the transaction, the chief financial officer directly owned 94,395 shares of the company’s stock, valued at $6,598,210.50. This represents a 21.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Fumihide Esaka sold 60,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the completion of the sale, the chief executive officer owned 391,189 shares of the company’s stock, valued at approximately $27,391,053.78. The trade was a 13.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 222,477 shares of company stock valued at $16,304,893. Corporate insiders own 10.00% of the company’s stock.

Ambiq Micro Price Performance

NYSE:AMBQ opened at $81.23 on Tuesday. The firm has a market cap of $1.74 billion and a price-to-earnings ratio of -3.93. The firm’s fifty day moving average price is $76.81 and its 200 day moving average price is $46.73. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $91.61.

Ambiq Micro 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.