Analysts Set Ambiq Micro, Inc. (NYSE:AMBQ) PT at $71.83

Ambiq Micro, Inc. (NYSE:AMBQ) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $71.8333.

A number of equities analysts have recently commented on AMBQ shares. UBS Group raised their target price on shares of Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Northland Securities set a $86.00 price target on shares of Ambiq Micro in a research report on Wednesday, July 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Roth Capital assumed coverage on Ambiq Micro in a research report on Monday, July 13th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Needham & Company LLC boosted their price objective on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th.

Insider Activity

In other Ambiq Micro news, COO Sean Chihhsiang Chen sold 55,685 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $70.89, for a total value of $3,947,509.65. Following the completion of the transaction, the chief operating officer owned 120,275 shares in the company, valued at $8,526,294.75. This represents a 31.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Scott Mclean Hanson sold 10,200 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $69.24, for a total transaction of $706,248.00. Following the completion of the sale, the chief technology officer directly owned 203,126 shares of the company’s stock, valued at $14,064,444.24. This trade represents a 4.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,477 shares of company stock worth $16,304,893 in the last ninety days. 10.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ambiq Micro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Ambiq Micro in the 3rd quarter valued at about $28,000. California State Teachers Retirement System grew its stake in shares of Ambiq Micro by 244.6% during the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock valued at $25,000 after acquiring an additional 702 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Ambiq Micro during the fourth quarter worth about $48,000. JPMorgan Chase & Co. acquired a new position in shares of Ambiq Micro in the third quarter worth about $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Ambiq Micro in the third quarter worth about $65,000.

Ambiq Micro Stock Performance

NYSE AMBQ opened at $70.31 on Friday. The firm has a market capitalization of $1.50 billion and a price-to-earnings ratio of -3.40. Ambiq Micro has a one year low of $22.12 and a one year high of $91.61. The company’s 50 day moving average price is $80.76 and its 200 day moving average price is $49.55.

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.