Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) COO Sean Chen sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $60.14, for a total value of $902,100.00. Following the transaction, the chief operating officer directly owned 120,275 shares in the company, valued at $7,233,338.50. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Chihhsiang Chen also recently made the following trade(s):
- On Friday, September 4th, Sean Chen sold 15,000 shares of Ambiq Micro stock. The stock was sold at an average price of $57.17, for a total transaction of $857,550.00.
Ambiq Micro Trading Up 1.9%
Shares of AMBQ stock traded up $1.11 during mid-day trading on Tuesday, reaching $60.72. The stock had a trading volume of 358,288 shares, compared to its average volume of 501,346. The firm has a market capitalization of $1.47 billion, a PE ratio of -28.64 and a beta of 5.58. The stock’s 50-day moving average price is $66.27 and its two-hundred day moving average price is $57.28. Ambiq Micro, Inc. has a 52-week low of $22.12 and a 52-week high of $91.61.
Hedge Funds Weigh In On Ambiq Micro
A number of institutional investors and hedge funds have recently made changes to their positions in AMBQ. 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 valued at $21,908,000 after buying an additional 165,755 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Ambiq Micro by 16.9% in the first quarter. Wasatch Advisors LP now owns 254,303 shares of the company’s stock worth $6,462,000 after acquiring an additional 36,791 shares in the last quarter. Polar Asset Management Partners Inc. grew its stake in shares of Ambiq Micro by 671.8% in the first quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock worth $5,116,000 after acquiring an additional 175,247 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Ambiq Micro in the second quarter worth $14,847,000. Finally, Roubaix Capital LLC bought a new position in shares of Ambiq Micro during the first quarter valued at $3,197,000.
Wall Street Analyst Weigh In
Several research firms have weighed in on AMBQ. Roth Capital assumed coverage on Ambiq Micro in a research report on Monday, July 13th. They set a “buy” rating and a $125.00 price objective on the stock. Citigroup reissued 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 Ambiq Micro in a research note on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Finally, Needham & Company LLC upped their price target on Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ambiq Micro presently has a consensus rating of “Hold” and an average target price of $82.20.
Check Out 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.
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