Ambiq Micro (NYSE:AMBQ) Upgraded to Hold at Wall Street Zen

Ambiq Micro (NYSE:AMBQ) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Separately, UBS Group lowered their price objective on shares of Ambiq Micro from $40.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ambiq Micro has a consensus rating of “Hold” and a consensus price target of $41.75.

Ambiq Micro Stock Down 1.6%

NYSE:AMBQ opened at $29.70 on Friday. The stock has a market capitalization of $543.86 million and a P/E ratio of -1.50. Ambiq Micro has a 12 month low of $22.12 and a 12 month high of $51.76. The stock has a 50-day moving average price of $30.94.

Insider Buying and Selling at Ambiq Micro

In other Ambiq Micro news, Director Joseph A. Tautges sold 7,800 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $31.00, for a total value of $241,800.00. Following the sale, the director directly owned 48,746 shares of the company’s stock, valued at approximately $1,511,126. This represents a 13.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Scott Mclean Hanson sold 10,000 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 $310,000.00. Following the sale, the chief technology officer directly owned 122,818 shares in the company, valued at approximately $3,807,358. This trade represents a 7.53% 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 added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in Ambiq Micro in the 3rd quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Ambiq Micro during the third quarter valued at approximately $30,000. New York State Common Retirement Fund purchased a new position in shares of Ambiq Micro in the fourth quarter valued at approximately $48,000. JPMorgan Chase & Co. acquired a new stake in shares of Ambiq Micro in the third quarter worth approximately $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Ambiq Micro during the third quarter worth approximately $65,000.

About Ambiq Micro

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.