Bank of New York Mellon Corp Has $85,000 Stock Holdings in Amprius Technologies, Inc. (NYSE:AMPX)

Bank of New York Mellon Corp increased its position in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 189.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,554 shares of the company’s stock after buying an additional 20,660 shares during the quarter. Bank of New York Mellon Corp’s holdings in Amprius Technologies were worth $85,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMPX. Oppenheimer & Co. Inc. grew its holdings in shares of Amprius Technologies by 319.4% during the first quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company’s stock valued at $1,317,000 after buying an additional 374,228 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Amprius Technologies in the 4th quarter worth about $724,000. Two Sigma Advisers LP bought a new position in Amprius Technologies in the 4th quarter valued at about $128,000. Geode Capital Management LLC lifted its position in Amprius Technologies by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 580,819 shares of the company’s stock valued at $1,626,000 after acquiring an additional 32,681 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Amprius Technologies by 5,740.5% during the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after purchasing an additional 752,000 shares during the last quarter. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Down 5.1%

Shares of NYSE AMPX opened at $7.90 on Thursday. The company has a market capitalization of $931.06 million, a PE ratio of -19.26 and a beta of 2.72. The stock’s 50 day moving average price is $5.21 and its 200-day moving average price is $3.56. Amprius Technologies, Inc. has a twelve month low of $0.61 and a twelve month high of $9.09.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $11.28 million for the quarter, compared to analysts’ expectations of $8.52 million. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. As a group, research analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Activity

In related news, CTO Constantin Ionel Stefan sold 20,366 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $49,489.38. Following the completion of the sale, the chief technology officer owned 866,134 shares in the company, valued at approximately $2,104,705.62. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kang Sun sold 69,786 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $169,579.98. Following the completion of the transaction, the chief executive officer owned 1,812,235 shares in the company, valued at approximately $4,403,731.05. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,747 shares of company stock valued at $286,125 in the last ninety days. 12.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMPX has been the subject of several analyst reports. William Blair raised Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 18th. Roth Capital reaffirmed a “buy” rating and set a $10.00 target price (up previously from $6.00) on shares of Amprius Technologies in a research report on Tuesday. Finally, B. Riley reissued a “buy” rating and issued a $10.00 price target (up from $6.00) on shares of Amprius Technologies in a research report on Thursday, July 10th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $10.14.

Amprius Technologies Profile

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.