Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 48,973 shares of Ambiq Micro stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $56.39, for a total value of $2,761,587.47. Following the completion of the transaction, the chief executive officer owned 460,460 shares of the company’s stock, valued at approximately $25,965,339.40. This represents a 9.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Monday, August 31st, Fumihide Esaka sold 48,500 shares of Ambiq Micro stock. The stock was sold at an average price of $57.44, for a total value of $2,785,840.00.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The shares were 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 Price Performance
NYSE AMBQ traded up $1.34 on Wednesday, hitting $57.28. The company had a trading volume of 385,046 shares, compared to its average volume of 504,467. The company has a market capitalization of $1.39 billion, a PE ratio of -27.02 and a beta of 5.59. The company’s fifty day moving average price is $70.66 and its 200-day moving average price is $55.39. Ambiq Micro, Inc. has a 12-month low of $22.12 and a 12-month high of $91.61.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Roth Capital started coverage on shares of Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 price target on the stock. UBS Group set a $85.00 target price on Ambiq Micro in a report on Wednesday, August 12th. Needham & Company LLC raised 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. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research note on Tuesday, August 11th. Finally, Northland Securities set a $81.00 price target on Ambiq Micro in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.20.
Get Our Latest Stock Report on Ambiq Micro
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AMBQ. California State Teachers Retirement System boosted its holdings in shares of Ambiq Micro by 2,167.7% during the 2nd quarter. California State Teachers Retirement System now owns 22,428 shares of the company’s stock worth $1,980,000 after purchasing an additional 21,439 shares during the last quarter. Azimuth Capital Investment Management LLC acquired a new stake in shares of Ambiq Micro in the second quarter valued at approximately $234,000. AXQ Capital LP purchased a new position in Ambiq Micro during the second quarter worth approximately $539,000. Resolute Advisors LLC purchased a new position in Ambiq Micro during the second quarter worth approximately $265,000. Finally, Wellington Management Group LLP acquired a new position in Ambiq Micro during the second quarter worth $14,847,000.
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.
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