Ambiq Micro, Inc. (NYSE:AMBQ) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $52.80.

AMBQ has been the topic of several analyst reports. Bank of America reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Ambiq Micro in a research note on Thursday, March 5th. Needham & Company LLC lifted their target price on shares of Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Northland Securities initiated coverage on shares of Ambiq Micro in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 target price on the stock. Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, UBS Group lifted 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.

Ambiq Micro Stock Performance

AMBQ stock opened at $74.65 on Friday. The company has a market capitalization of $1.60 billion and a PE ratio of -3.61. Ambiq Micro has a one year low of $22.12 and a one year high of $85.77. The company’s 50 day moving average price is $49.57 and its two-hundred day moving average price is $36.33.

Ambiq Micro (NYSE:AMBQ) last posted its quarterly earnings results on Thursday, March 5th. The company reported ($0.49) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.12. Ambiq Micro had a negative net margin of 46.86% and a negative return on equity of 45.10%. The firm had revenue of $20.74 million for the quarter, compared to the consensus estimate of $19.00 million. On average, research analysts predict that Ambiq Micro will post -1.69 EPS for the current year.

Insider Buying and Selling

In related news, CEO Fumihide Esaka sold 60,000 shares of Ambiq Micro 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 $27,391,053.78. The trade was a 13.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey G. Winzeler sold 26,000 shares of Ambiq Micro stock in a transaction on Thursday, May 14th. The stock was 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 in the company, valued at approximately $6,598,210.50. The trade was a 21.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 223,288 shares of company stock valued at $16,326,101 over the last quarter.

Institutional Trading of Ambiq Micro

Large investors have recently added to or reduced their stakes in the stock. Monashee Investment Management LLC bought a new stake in Ambiq Micro in the third quarter valued at $5,984,000. Fortress Investment Group LLC bought a new stake in Ambiq Micro in the third quarter valued at $4,488,000. First Eagle Investment Management LLC bought a new stake in Ambiq Micro in the third quarter valued at $1,762,000. Atreides Management LP bought a new stake in Ambiq Micro in the third quarter valued at $20,474,000. Finally, KADENSA CAPITAL Ltd bought a new stake in Ambiq Micro in the third quarter valued at $11,818,000.

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.