Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) Director Ker Zhang sold 10,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $63.44, for a total value of $634,400.00. Following the transaction, the director owned 20,366 shares of the company’s stock, valued at $1,292,019.04. The trade was a 32.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ker Zhang also recently made the following trade(s):
- On Friday, September 4th, Ker Zhang sold 185 shares of Ambiq Micro stock. The shares were sold at an average price of $56.92, for a total transaction of $10,530.20.
Ambiq Micro Stock Up 1.9%
Ambiq Micro stock traded up $1.11 during midday trading on Tuesday, hitting $60.72. 358,288 shares of the stock were exchanged, compared to its average volume of 412,991. The company has a fifty day simple moving average of $65.98 and a two-hundred day simple moving average of $57.47. Ambiq Micro, Inc. has a 52 week low of $22.12 and a 52 week high of $91.61.
Institutional Trading of Ambiq Micro
Several hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new position in shares of Ambiq Micro during the second quarter worth about $525,000. Squarepoint Ops LLC raised its position in Ambiq Micro by 603.5% in the 2nd quarter. Squarepoint Ops LLC now owns 63,228 shares of the company’s stock valued at $5,583,000 after buying an additional 54,240 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Ambiq Micro in the 2nd quarter valued at approximately $777,000. Azimuth Capital Investment Management LLC bought a new stake in Ambiq Micro in the 2nd quarter valued at approximately $234,000. Finally, AXQ Capital LP bought a new stake in Ambiq Micro in the 2nd quarter valued at approximately $539,000.
Wall Street Analysts Forecast Growth
AMBQ has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research note on Tuesday, August 11th. UBS Group set a $85.00 target price on Ambiq Micro in a research note on Wednesday, August 12th. Roth Capital began coverage on Ambiq Micro in a research report on Monday, July 13th. They set a “buy” rating and a $125.00 price target on the stock. Northland Securities set a $81.00 price objective on Ambiq Micro in a report on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $82.20.
Check Out Our Latest Analysis on Ambiq Micro
Ambiq Micro Company Profile
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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