Lazard Asset Management LLC Takes $1.63 Million Position in Ambiq Micro, Inc. $AMBQ

Lazard Asset Management LLC purchased a new position in shares of Ambiq Micro, Inc. (NYSE:AMBQ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 64,247 shares of the company’s stock, valued at approximately $1,633,000.

Several other hedge funds also recently added to or reduced their stakes in AMBQ. BNP Paribas Financial Markets purchased a new stake in shares of Ambiq Micro during the 3rd quarter valued at about $28,000. New York State Common Retirement Fund acquired a new stake in Ambiq Micro in the fourth quarter valued at approximately $48,000. JPMorgan Chase & Co. purchased a new stake in shares of Ambiq Micro during the third quarter valued at approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Ambiq Micro during the third quarter worth $65,000. Finally, Rhumbline Advisers acquired a new position in shares of Ambiq Micro during the third quarter worth $119,000.

Ambiq Micro Stock Up 1.8%

Shares of NYSE AMBQ opened at $64.70 on Tuesday. The stock’s 50 day moving average price is $79.14 and its two-hundred day moving average price is $50.94. Ambiq Micro, Inc. has a 52-week low of $22.12 and a 52-week high of $91.61. The stock has a market capitalization of $1.38 billion and a P/E ratio of -3.13.

Insider Buying and Selling

In other news, CFO Jeffrey G. Winzeler sold 26,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 94,395 shares in the company, valued at approximately $6,598,210.50. The trade was a 21.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Scott Mclean Hanson sold 10,200 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $69.24, for a total value of $706,248.00. Following the sale, the chief technology officer directly owned 203,126 shares in the company, valued at approximately $14,064,444.24. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 222,477 shares of company stock worth $16,304,893. 10.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMBQ. UBS Group lifted their price target on shares of Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Needham & Company LLC raised their target price on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Roth Capital initiated coverage on Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ambiq Micro presently has a consensus rating of “Hold” and an average target price of $71.83.

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.