Atreides Management LP Has $19.85 Million Position in Ambiq Micro, Inc. $AMBQ

Atreides Management LP raised its position in shares of Ambiq Micro, Inc. (NYSE:AMBQ) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 696,420 shares of the company’s stock after purchasing an additional 12,113 shares during the quarter. Atreides Management LP owned approximately 3.80% of Ambiq Micro worth $19,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Ambiq Micro during the 3rd quarter valued at approximately $28,000. New York State Common Retirement Fund bought a new position in shares of Ambiq Micro during the 4th quarter worth approximately $48,000. JPMorgan Chase & Co. bought a new position in shares of Ambiq Micro during the 3rd quarter worth approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Ambiq Micro during the 3rd quarter worth approximately $65,000. Finally, Rhumbline Advisers bought a new position in shares of Ambiq Micro during the 3rd quarter worth approximately $119,000.

Analysts Set New Price Targets

AMBQ has been the topic of a number of research analyst reports. Wall Street Zen upgraded Ambiq Micro from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Bank of America restated a “neutral” rating and set a $35.00 price objective on shares of Ambiq Micro in a research note on Thursday, March 5th. Northland Securities initiated coverage on Ambiq Micro in a research note on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price objective on the stock. UBS Group raised their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Needham & Company LLC raised their price objective on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.80.

Insider Buying and Selling

In other Ambiq Micro news, CEO Fumihide Esaka sold 60,000 shares of Ambiq Micro stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the completion of the transaction, the chief executive officer owned 391,189 shares of the company’s stock, valued at $27,391,053.78. The trade was a 13.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey G. Winzeler sold 26,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $69.90, for a total value of $1,817,400.00. Following the transaction, the chief financial officer directly owned 94,395 shares of the company’s stock, valued at $6,598,210.50. The trade was a 21.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 223,288 shares of company stock worth $16,326,101 in the last quarter.

Ambiq Micro Stock Performance

Shares of AMBQ opened at $79.45 on Thursday. The business has a 50-day moving average of $58.30 and a 200 day moving average of $39.64. Ambiq Micro, Inc. has a fifty-two week low of $22.12 and a fifty-two week high of $89.33. The firm has a market cap of $1.70 billion and a P/E ratio of -3.84.

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.