Ambiq Micro (NYSE:AMBQ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ambiq Micro (NYSE:AMBQ) from a sell rating to a hold rating in a report released on Sunday.

Separately, UBS Group lowered their price objective on Ambiq Micro from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Two 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.75.

Ambiq Micro Stock Up 4.9%

Shares of NYSE:AMBQ opened at $31.56 on Friday. Ambiq Micro has a 52-week low of $22.12 and a 52-week high of $51.76. The business has a fifty day moving average of $31.07 and a two-hundred day moving average of $31.26. The stock has a market cap of $577.77 million and a P/E ratio of -1.60.

Insider Activity

In other Ambiq Micro news, Director Joseph A. Tautges sold 7,800 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $31.00, for a total transaction of $241,800.00. Following the sale, the director directly owned 48,746 shares in the company, valued at $1,511,126. This represents a 13.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Scott Mclean Hanson sold 10,000 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $31.00, for a total transaction of $310,000.00. Following the sale, the chief technology officer directly owned 122,818 shares in the company, valued at $3,807,358. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Ambiq Micro

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Ambiq Micro during the 3rd quarter worth $28,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Ambiq Micro in the third quarter valued at $30,000. New York State Common Retirement Fund acquired a new stake in Ambiq Micro in the fourth quarter valued at $48,000. JPMorgan Chase & Co. purchased a new stake in Ambiq Micro during the 3rd quarter worth about $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Ambiq Micro during the 3rd quarter worth about $65,000.

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.