Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) COO Sean Chen sold 15,000 shares of the company’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $51.50, for a total transaction of $772,500.00. Following the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $5,472,802. This trade represents a 12.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, October 5th, Sean Chen sold 8,205 shares of Ambiq Micro stock. The stock was sold at an average price of $66.78, for a total value of $547,929.90.
- On Friday, October 2nd, Sean Chen sold 5,802 shares of Ambiq Micro stock. The stock was sold at an average price of $69.60, for a total value of $403,819.20.
- On Monday, September 14th, Sean Chen sold 15,000 shares of Ambiq Micro stock. The shares were sold at an average price of $60.14, for a total value of $902,100.00.
- On Friday, September 4th, Sean Chen sold 15,000 shares of Ambiq Micro stock. The shares were sold at an average price of $57.17, for a total value of $857,550.00.
Ambiq Micro Stock Performance
Shares of NYSE:AMBQ traded down $2.27 during trading on Friday, reaching $49.81. The stock had a trading volume of 547,858 shares, compared to its average volume of 510,175. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $91.61. The stock has a market cap of $1.20 billion, a PE ratio of -23.50 and a beta of 5.34. The business has a fifty day moving average price of $62.06 and a 200-day moving average price of $63.06.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research note on Friday, September 25th. UBS Group set a $85.00 price objective on shares of Ambiq Micro in a research note on Wednesday, August 12th. Northland Securities set a $81.00 price objective on shares of Ambiq Micro in a report on Wednesday, August 12th. Roth Capital started coverage on shares of Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Citigroup restated a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.71.
Get Our Latest Analysis on Ambiq Micro
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP acquired a new position in shares of Ambiq Micro in the 2nd quarter valued at $525,000. Squarepoint Ops LLC grew its holdings in shares of Ambiq Micro by 603.5% during the 2nd quarter. Squarepoint Ops LLC now owns 63,228 shares of the company’s stock worth $5,583,000 after purchasing an additional 54,240 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Ambiq Micro during the 2nd quarter worth about $777,000. Azimuth Capital Investment Management LLC acquired a new stake in shares of Ambiq Micro during the 2nd quarter worth about $234,000. Finally, AXQ Capital LP acquired a new stake in shares of Ambiq Micro during the 2nd quarter worth about $539,000.
About Ambiq Micro
Ambiq Micro is a semiconductor company that develops ultra-low-power system-on-chips (SoCs), microcontrollers and related technologies for connected edge devices. Its products are designed to extend battery life while supporting computing, sensing, wireless connectivity and artificial intelligence workloads.
The company’s portfolio includes the Apollo family of microcontrollers and SoCs, along with development platforms and software tools for applications such as smartwatches, hearables, healthcare devices, smart-home equipment, industrial sensors and other Internet of Things products.
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