Ambiq Micro (NYSE:AMBQ) Shares Up 6.6% – Time to Buy?

Ambiq Micro, Inc. (NYSE:AMBQ) shares rose 6.6% during mid-day trading on Wednesday . The stock traded as high as $79.88 and last traded at $80.4740. Approximately 25,479 shares were traded during mid-day trading, a decline of 95% from the average session volume of 508,264 shares. The stock had previously closed at $75.48.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Northland Securities set a $86.00 target price on shares of Ambiq Micro in a research note on Wednesday. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Finally, UBS Group increased their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ambiq Micro currently has a consensus rating of “Hold” and a consensus price target of $61.20.

Ambiq Micro Stock Performance

The firm’s 50-day moving average is $74.92 and its 200 day moving average is $45.99. The stock has a market cap of $1.84 billion and a PE ratio of -4.16.

Insider Activity at Ambiq Micro

In other Ambiq Micro news, CEO Fumihide Esaka sold 60,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $70.02, for a total value of $4,201,200.00. Following the transaction, the chief executive officer directly owned 391,189 shares of the company’s stock, valued at approximately $27,391,053.78. The trade was a 13.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy Chen sold 70,592 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total transaction of $5,632,535.68. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,477 shares of company stock worth $16,304,893 in the last ninety days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMBQ. Bank of America Corp DE lifted its position in Ambiq Micro by 632.3% in the first quarter. Bank of America Corp DE now owns 48,033 shares of the company’s stock valued at $1,221,000 after purchasing an additional 41,474 shares during the period. Atreides Management LP increased its position in Ambiq Micro by 23.8% during the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock worth $21,908,000 after purchasing an additional 165,755 shares during the period. California State Teachers Retirement System raised its stake in shares of Ambiq Micro by 244.6% during the 1st quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after buying an additional 702 shares in the last quarter. Readystate Asset Management LP lifted its holdings in shares of Ambiq Micro by 152.6% in the 1st quarter. Readystate Asset Management LP now owns 41,917 shares of the company’s stock valued at $1,065,000 after buying an additional 25,321 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Ambiq Micro by 1,332.1% in the 1st quarter. Royal Bank of Canada now owns 11,600 shares of the company’s stock valued at $295,000 after buying an additional 10,790 shares during the period.

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.