Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 50,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $63.36, for a total value of $3,168,000.00. Following the completion of the sale, the chief executive officer directly owned 460,460 shares of the company’s stock, valued at $29,174,745.60. This represents a 9.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, September 15th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $60.28, for a total value of $813,780.00.
- On Monday, August 31st, Fumihide Esaka sold 48,500 shares of Ambiq Micro stock. The shares were sold at an average price of $57.44, for a total value of $2,785,840.00.
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The stock was sold at an average price of $56.39, for a total value of $2,761,587.47.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The stock was 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 value of $869,265.00.
Ambiq Micro Stock Up 4.3%
NYSE AMBQ opened at $62.48 on Friday. The company has a market cap of $1.51 billion, a PE ratio of -29.47 and a beta of 5.58. Ambiq Micro, Inc. has a 52 week low of $22.12 and a 52 week high of $91.61. The firm’s 50-day simple moving average is $65.05 and its two-hundred day simple moving average is $57.89.
Institutional Trading of Ambiq Micro
Large investors have recently modified their holdings of the business. Atreides Management LP lifted its position in Ambiq Micro by 23.8% during the first quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after purchasing an additional 165,755 shares during the last quarter. Wasatch Advisors LP grew its stake in Ambiq Micro by 16.9% in the 1st quarter. Wasatch Advisors LP now owns 254,303 shares of the company’s stock worth $6,462,000 after buying an additional 36,791 shares in the last quarter. Polar Asset Management Partners Inc. increased its holdings in shares of Ambiq Micro by 671.8% in the 1st quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock worth $5,116,000 after buying an additional 175,247 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Ambiq Micro during the 2nd quarter valued at $14,847,000. Finally, Roubaix Capital LLC purchased a new stake in shares of Ambiq Micro during the 1st quarter valued at $3,197,000.
Analysts Set New Price Targets
A number of research firms have recently commented on AMBQ. Citigroup restated a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. UBS Group set a $85.00 target price on shares of Ambiq Micro in a research note on Wednesday, August 12th. Northland Securities set a $81.00 price target 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 set a “buy” rating and a $125.00 price target for the company. Finally, Needham & Company LLC upped their price target on shares of 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ambiq Micro has an average rating of “Hold” and an average price target of $82.20.
Read Our Latest Report on AMBQ
About Ambiq Micro
Ambiq Micro, Inc is a semiconductor company that develops ultra-low-power system-on-chip (SoC) solutions and microcontrollers for edge computing and artificial intelligence applications. Its technology is designed to help battery-powered devices perform data processing locally while extending battery life.
The company’s product portfolio includes its Apollo family of low-power microcontrollers and SoCs, as well as solutions that integrate processing, memory, wireless connectivity and AI capabilities.
Further Reading
- Five stocks we like better than Ambiq Micro
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for Ambiq Micro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambiq Micro and related companies with MarketBeat.com's FREE daily email newsletter.
