Ambiq Micro (NYSE:AMBQ) Price Target Raised to $85.00

Ambiq Micro (NYSE:AMBQ) had its price target hoisted by Needham & Company LLC from $70.00 to $85.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 30.16% from the company’s current price.

Several other research firms also recently weighed in on AMBQ. Northland Securities set a $86.00 price target on shares of Ambiq Micro in a research note on Wednesday, July 8th. Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday. Finally, Roth Capital initiated coverage on Ambiq Micro in a research note on Monday, July 13th. They set a “buy” rating and a $125.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ambiq Micro has an average rating of “Hold” and an average target price of $74.33.

Ambiq Micro Stock Up 2.2%

Ambiq Micro stock opened at $65.31 on Wednesday. Ambiq Micro has a 12-month low of $22.12 and a 12-month high of $91.61. The firm’s fifty day moving average is $77.24 and its 200 day moving average is $52.25. The company has a market capitalization of $1.40 billion and a PE ratio of -3.16.

Insider Buying and Selling at Ambiq Micro

In other Ambiq Micro news, CEO Fumihide Esaka sold 60,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $70.02, for a total value of $4,201,200.00. Following the transaction, the chief executive officer directly owned 391,189 shares of the company’s stock, valued at approximately $27,391,053.78. This trade represents a 13.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Scott Mclean Hanson sold 10,200 shares of Ambiq Micro stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $69.24, for a total transaction of $706,248.00. Following the transaction, the chief technology officer owned 203,126 shares of the company’s stock, valued at $14,064,444.24. This represents a 4.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have 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 corporate insiders.

Institutional Investors Weigh In On Ambiq Micro

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atreides Management LP increased its holdings in Ambiq Micro by 23.8% during the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock worth $21,908,000 after purchasing an additional 165,755 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Ambiq Micro in the third quarter valued at approximately $13,050,000. Franklin Resources Inc. lifted its holdings in shares of Ambiq Micro by 2,474.3% in the fourth quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after purchasing an additional 295,927 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Ambiq Micro during the third quarter valued at approximately $9,210,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Ambiq Micro during the third quarter valued at approximately $8,201,000.

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.