Needham & Company LLC Has Lowered Expectations for Amprius Technologies (NYSE:AMPX) Stock Price

Amprius Technologies (NYSE:AMPX) had its price objective dropped by Needham & Company LLC from $20.00 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective suggests a potential upside of 75.21% from the stock’s previous close.

AMPX has been the topic of several other reports. William Blair reissued an “outperform” rating on shares of Amprius Technologies in a report on Friday, November 6th. National Bank Financial set a $18.00 target price on Amprius Technologies in a research note on Tuesday, September 29th. Canaccord Genuity Group initiated coverage on Amprius Technologies in a research report on Wednesday, October 14th. They set a “buy” rating and a $14.00 target price on the stock. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, HC Wainwright reissued a “buy” rating and issued a $18.00 price target on shares of Amprius Technologies in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Amprius Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Amprius Technologies Stock Down 6.6%

NYSE:AMPX opened at $8.56 on Wednesday. Amprius Technologies has a 52 week low of $7.02 and a 52 week high of $24.23. The stock has a market capitalization of $1.21 billion, a PE ratio of -30.57 and a beta of 2.36. The stock’s 50-day moving average price is $9.06 and its 200-day moving average price is $13.21.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $39.15 million during the quarter, compared to analysts’ expectations of $35.80 million. Amprius Technologies had a negative net margin of 29.94% and a negative return on equity of 12.01%. During the same quarter in the prior year, the firm earned ($0.03) EPS. Sell-side analysts expect that Amprius Technologies will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CEO Thomas M. Stepien sold 23,529 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $243,289.86. Following the completion of the sale, the chief executive officer directly owned 602,096 shares in the company, valued at approximately $6,225,672.64. The trade was a 3.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the transaction, the director directly owned 1,218,397 shares of the company’s stock, valued at $12,598,224.98. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 123,311 shares of company stock valued at $1,272,556. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently made changes to their positions in the company. Stephens Investment Management Group LLC raised its stake in Amprius Technologies by 517.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 4,408,140 shares of the company’s stock valued at $42,671,000 after purchasing an additional 3,693,816 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Amprius Technologies by 20.3% during the third quarter. Voya Investment Management LLC now owns 190,920 shares of the company’s stock worth $1,848,000 after buying an additional 32,262 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Amprius Technologies by 34.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 45,713 shares of the company’s stock worth $443,000 after buying an additional 11,685 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Amprius Technologies by 192.1% during the third quarter. Russell Investments Group Ltd. now owns 592,881 shares of the company’s stock worth $5,739,000 after buying an additional 389,922 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Amprius Technologies by 10.4% in the third quarter. Alps Advisors Inc. now owns 203,590 shares of the company’s stock valued at $1,971,000 after buying an additional 19,107 shares during the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

More Amprius Technologies News

These are some of the AMPX news items that stood out recently:

• Positive Sentiment: Third-quarter revenue reached a record $39.1 million, up 83% year over year and ahead of analyst estimates. Gross profit also increased substantially. Amprius Q3 results
• Positive Sentiment: The company set a 2026 revenue target of $145 million, above the roughly $140.6 million consensus, and plans U.S. pouch-cell capacity of 12 million cells annually by early 2028. Revenue target and capacity plans
• Negative Sentiment: Amprius reported a Q3 loss of $0.02 per share, missing the $0.01 loss analysts expected. Freight costs also weighed on margins, while the company used $7.8 million in operating cash. The earnings miss and cost concerns prompted a negative market reaction after results. Q3 earnings call transcript

Amprius Technologies Company Profile

Amprius Technologies, Inc. develops and manufactures lithium-ion batteries designed to provide high energy density and power. Its battery technology uses silicon-based anodes, an alternative to the graphite anodes commonly used in conventional lithium-ion cells. The company’s products are designed for applications where low weight and high performance are important, including electric aviation, drones, aerospace, defense and other mobility markets. Amprius offers silicon-anode cells for customers developing these systems.