Readystate Asset Management LP Buys 25,321 Shares of Ambiq Micro, Inc. $AMBQ

Readystate Asset Management LP raised its stake in shares of Ambiq Micro, Inc. (NYSE:AMBQ) by 152.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 41,917 shares of the company’s stock after purchasing an additional 25,321 shares during the period. Readystate Asset Management LP’s holdings in Ambiq Micro were worth $1,065,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in AMBQ. BNP Paribas Financial Markets bought a new position in shares of Ambiq Micro during the 3rd quarter valued at approximately $28,000. New York State Common Retirement Fund purchased a new stake in shares of Ambiq Micro in the fourth quarter worth $48,000. JPMorgan Chase & Co. purchased a new stake in shares of Ambiq Micro in the third quarter worth $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Ambiq Micro during the 3rd quarter valued at $65,000. Finally, Rhumbline Advisers purchased a new position in shares of Ambiq Micro during the 3rd quarter valued at $119,000.

Insider Activity

In other news, Director Timothy Chen sold 70,592 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total transaction of $5,632,535.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Sean Chihhsiang Chen sold 55,685 shares of Ambiq Micro stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the completion of the sale, the chief operating officer owned 120,275 shares in the company, valued at approximately $8,526,294.75. This trade represents a 31.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 222,477 shares of company stock worth $16,304,893. 10.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AMBQ shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. UBS Group lifted their price objective 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. Roth Capital began coverage on Ambiq Micro in a report on Monday, July 13th. They issued a “buy” rating and a $125.00 target price for the company. Needham & Company LLC lifted their price target 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. Finally, Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.83.

Ambiq Micro Trading Down 5.4%

AMBQ opened at $57.06 on Thursday. The firm has a market capitalization of $1.22 billion and a PE ratio of -2.76. The firm has a 50 day moving average of $80.09 and a two-hundred day moving average of $50.31. Ambiq Micro, Inc. has a 12-month low of $22.12 and a 12-month high of $91.61.

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.