Ambiq Micro, Inc. (NYSE:AMBQ) Receives $71.83 Consensus Target Price from Analysts

Ambiq Micro, Inc. (NYSE:AMBQ) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $71.8333.

Several brokerages have issued reports on AMBQ. Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Roth Capital assumed coverage on shares of Ambiq Micro in a research note on Monday, July 13th. They set a “buy” rating and a $125.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Needham & Company LLC upped their price objective on shares of Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, UBS Group increased their target price on shares of Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th.

Ambiq Micro Trading Up 6.3%

Shares of Ambiq Micro stock opened at $78.02 on Friday. The firm has a market capitalization of $1.67 billion and a PE ratio of -3.77. Ambiq Micro has a 12 month low of $22.12 and a 12 month high of $91.61. The business’s 50-day moving average price is $80.60 and its 200-day moving average price is $48.75.

Insider Buying and Selling at Ambiq Micro

In other Ambiq Micro news, CEO Fumihide Esaka sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the completion of the sale, the chief executive officer directly owned 391,189 shares in the company, valued at $27,391,053.78. This represents a 13.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey G. Winzeler sold 26,000 shares of Ambiq Micro stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $69.90, for a total value of $1,817,400.00. Following the completion of the transaction, the chief financial officer owned 94,395 shares in the company, valued at approximately $6,598,210.50. This represents a 21.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 222,477 shares of company stock valued at $16,304,893. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ambiq Micro

A number of large investors have recently bought and sold shares of AMBQ. BNP Paribas Financial Markets bought a new stake in Ambiq Micro in the third quarter valued at approximately $28,000. California State Teachers Retirement System grew its holdings in shares of Ambiq Micro by 244.6% in the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after purchasing an additional 702 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of Ambiq Micro in the fourth quarter worth $48,000. JPMorgan Chase & Co. purchased a new position in shares of Ambiq Micro in the third quarter worth $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Ambiq Micro during the 3rd quarter valued at $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.