Ambiq Micro (NYSE:AMBQ) Downgraded by Wall Street Zen to “Sell”

Ambiq Micro (NYSE:AMBQ) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts have also issued reports on AMBQ. Weiss Ratings began coverage on Ambiq Micro in a research note on Thursday, October 23rd. They issued a “sell (e-)” rating on the stock. UBS Group reduced their price objective on Ambiq Micro from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.75.

Ambiq Micro Stock Up 0.6%

Shares of NYSE AMBQ opened at $29.51 on Friday. Ambiq Micro has a 12-month low of $22.12 and a 12-month high of $51.76. The stock has a market capitalization of $540.33 million and a P/E ratio of -1.49. The firm has a 50-day simple moving average of $30.93.

Insider Activity

In related news, CTO Scott Mclean Hanson sold 10,000 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $31.00, for a total transaction of $310,000.00. Following the transaction, the chief technology officer directly owned 122,818 shares in the company, valued at approximately $3,807,358. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph A. Tautges sold 7,800 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $31.00, for a total value of $241,800.00. Following the completion of the sale, the director directly owned 48,746 shares in the company, valued at approximately $1,511,126. The trade was a 13.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On Ambiq Micro

Institutional investors have recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Ambiq Micro during the 3rd quarter valued at $509,000. New York State Common Retirement Fund acquired a new position in Ambiq Micro in the fourth quarter valued at $48,000. JPMorgan Chase & Co. purchased a new stake in Ambiq Micro during the third quarter valued at about $56,000. Rhumbline Advisers acquired a new stake in Ambiq Micro during the third quarter worth about $119,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Ambiq Micro by 71.5% in the 4th quarter. Wells Fargo & Company MN now owns 5,344 shares of the company’s stock worth $152,000 after purchasing an additional 2,228 shares during the period.

Ambiq Micro Company Profile

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.