Ambiq Micro (NYSE:AMBQ) Shares Up 6.6% – What’s Next?

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) were up 6.6% during mid-day trading on Wednesday . The company traded as high as $79.88 and last traded at $80.4740. Approximately 25,479 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 508,264 shares. The stock had previously closed at $75.48.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMBQ shares. UBS Group upped their price objective 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. Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Needham & Company LLC upped their price target on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Finally, Northland Securities initiated coverage on Ambiq Micro in a report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.80.

Ambiq Micro Stock Up 6.8%

The company has a market cap of $1.72 billion and a PE ratio of -3.87. The firm’s 50-day moving average is $72.94 and its 200-day moving average is $45.22.

Insider Activity

In other Ambiq Micro news, COO Sean Chihhsiang Chen sold 55,685 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $70.89, for a total value of $3,947,509.65. Following the sale, the chief operating officer owned 120,275 shares in the company, valued at approximately $8,526,294.75. This represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy Chen sold 70,592 shares of Ambiq Micro stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $79.79, for a total transaction of $5,632,535.68. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 222,477 shares of company stock worth $16,304,893.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMBQ. California State Teachers Retirement System raised its stake in 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 buying an additional 702 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Ambiq Micro in the third quarter worth $28,000. Inspire Investing LLC increased its stake in Ambiq Micro by 7.1% during 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 in the last quarter. New York State Common Retirement Fund bought a new stake in shares of Ambiq Micro during the fourth quarter valued at approximately $48,000. Finally, JPMorgan Chase & Co. purchased a new position in Ambiq Micro in the 3rd quarter worth approximately $56,000.

About Ambiq Micro

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.