Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 50,000 shares of Ambiq Micro stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $63.36, for a total value of $3,168,000.00. Following the sale, the chief executive officer directly owned 460,460 shares of the company’s stock, valued at approximately $29,174,745.60. The trade was a 9.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- On Tuesday, September 15th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $60.28, for a total value of $813,780.00.
- On Monday, August 31st, Fumihide Esaka sold 48,500 shares of Ambiq Micro stock. The shares were sold at an average price of $57.44, for a total value of $2,785,840.00.
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The stock was sold at an average price of $56.39, for a total value of $2,761,587.47.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The stock was sold at an average price of $56.69, for a total value of $625,120.63.
- On Friday, August 14th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $64.39, for a total transaction of $869,265.00.
Ambiq Micro Stock Performance
Shares of AMBQ stock traded up $1.11 on Tuesday, hitting $60.72. The company’s stock had a trading volume of 358,288 shares, compared to its average volume of 501,346. The stock’s 50 day moving average is $66.27 and its 200-day moving average is $57.28. Ambiq Micro, Inc. has a fifty-two week low of $22.12 and a fifty-two week high of $91.61. The company has a market capitalization of $1.47 billion, a PE ratio of -28.64 and a beta of 5.58.
Institutional Trading of Ambiq Micro
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new position in Ambiq Micro in the second quarter valued at approximately $525,000. Squarepoint Ops LLC raised its position in Ambiq Micro by 603.5% during the second quarter. Squarepoint Ops LLC now owns 63,228 shares of the company’s stock valued at $5,583,000 after purchasing an additional 54,240 shares in the last quarter. Spark Investment Management LLC bought a new stake in Ambiq Micro during the second quarter worth $777,000. Azimuth Capital Investment Management LLC acquired a new stake in shares of Ambiq Micro in the 2nd quarter valued at $234,000. Finally, AXQ Capital LP acquired a new stake in shares of Ambiq Micro in the 2nd quarter valued at $539,000.
Analyst Ratings Changes
A number of research firms have recently weighed in on AMBQ. Roth Capital initiated coverage on shares of Ambiq Micro in a research report on Monday, July 13th. They issued a “buy” rating and a $125.00 price target for the company. UBS Group set a $85.00 price target on Ambiq Micro in a research report on Wednesday, August 12th. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Needham & Company LLC upped their target price on Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Northland Securities set a $81.00 target price on Ambiq Micro in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.20.
Read Our Latest Report on AMBQ
About Ambiq Micro
Ambiq Micro, Inc is a semiconductor company that develops ultra-low-power system-on-chip (SoC) solutions and microcontrollers for edge computing and artificial intelligence applications. Its technology is designed to help battery-powered devices perform data processing locally while extending battery life.
The company’s product portfolio includes its Apollo family of low-power microcontrollers and SoCs, as well as solutions that integrate processing, memory, wireless connectivity and AI capabilities.
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