Ambiq Micro (NYSE:AMBQ) Raised to Hold at Wall Street Zen

Ambiq Micro (NYSE:AMBQ) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, UBS Group reduced their price objective on Ambiq Micro from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.75.

Ambiq Micro Stock Up 0.8%

AMBQ stock opened at $29.98 on Friday. Ambiq Micro has a 12-month low of $22.12 and a 12-month high of $51.76. The company has a market cap of $548.84 million and a price-to-earnings ratio of -1.52. The company has a 50 day moving average of $30.99 and a two-hundred day moving average of $31.26.

Insiders Place Their Bets

In other Ambiq Micro news, CTO Scott Mclean Hanson sold 10,000 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $31.00, for a total transaction of $310,000.00. Following the transaction, the chief technology officer directly owned 122,818 shares of the company’s stock, valued at $3,807,358. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph A. Tautges sold 7,800 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $31.00, for a total value of $241,800.00. Following the transaction, the director owned 48,746 shares in the company, valued at approximately $1,511,126. This trade represents a 13.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of Ambiq Micro

Several large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in Ambiq Micro in the 3rd quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Ambiq Micro in the third quarter valued at approximately $30,000. New York State Common Retirement Fund acquired a new stake in shares of Ambiq Micro in the fourth quarter worth $48,000. JPMorgan Chase & Co. acquired a new stake in shares of Ambiq Micro in the third quarter worth $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Ambiq Micro during the 3rd quarter worth $65,000.

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.