Wellington Management Group LLP bought a new stake in shares of Ambiq Micro, Inc. (NYSE:AMBQ – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 168,139 shares of the company’s stock, valued at approximately $14,847,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers purchased a new position in shares of Ambiq Micro in the third quarter worth $119,000. JPMorgan Chase & Co. bought a new stake in Ambiq Micro in the 3rd quarter worth about $56,000. Vanguard Group Inc. bought a new stake in Ambiq Micro in the 3rd quarter worth about $9,210,000. Franklin Resources Inc. purchased a new position in Ambiq Micro in the 3rd quarter worth about $358,000. Finally, BNP Paribas Financial Markets bought a new position in Ambiq Micro during the 3rd quarter valued at about $28,000.
Ambiq Micro Price Performance
Shares of AMBQ stock opened at $57.66 on Tuesday. The firm has a fifty day moving average price of $68.65 and a 200-day moving average price of $56.17. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -27.20 and a beta of 5.58. Ambiq Micro, Inc. has a 1 year low of $22.12 and a 1 year high of $91.61.
Insider Activity at Ambiq Micro
In other Ambiq Micro news, CTO Scott Hanson sold 27,500 shares of Ambiq Micro stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $59.80, for a total transaction of $1,644,500.00. Following the transaction, the chief technology officer owned 221,226 shares of the company’s stock, valued at $13,229,314.80. The trade was a 11.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fumihide Esaka sold 48,973 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $56.39, for a total transaction of $2,761,587.47. Following the sale, the chief executive officer owned 460,460 shares in the company, valued at $25,965,339.40. The trade was a 9.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 156,500 shares of company stock worth $9,136,973 in the last ninety days. Insiders own 10.00% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on AMBQ shares. Northland Securities set a $81.00 price objective on shares of Ambiq Micro in a report on Wednesday, August 12th. Roth Capital initiated coverage on shares of Ambiq Micro in a research report on Monday, July 13th. They issued a “buy” rating and a $125.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. Citigroup restated a “neutral” rating on shares of Ambiq Micro in a research note on Tuesday, August 11th. Finally, Needham & Company LLC lifted their price objective on Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $82.20.
View Our Latest Stock Analysis on AMBQ
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.
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