Renaissance Technologies LLC purchased a new stake in shares of Ambiq Micro, Inc. (NYSE:AMBQ – Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 42,600 shares of the company’s stock, valued at approximately $1,082,000. Renaissance Technologies LLC owned about 0.20% of Ambiq Micro at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of Ambiq Micro during the third quarter valued at approximately $28,000. Inspire Investing LLC grew its stake in shares of Ambiq Micro by 7.1% during the fourth quarter. Inspire Investing LLC now owns 16,141 shares of the company’s stock valued at $460,000 after buying an additional 1,065 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Ambiq Micro in the fourth quarter worth approximately $48,000. JPMorgan Chase & Co. purchased a new stake in shares of Ambiq Micro in the third quarter worth approximately $56,000. Finally, Barclays PLC lifted its stake in shares of Ambiq Micro by 28.7% during the 4th quarter. Barclays PLC now owns 8,451 shares of the company’s stock worth $241,000 after acquiring an additional 1,883 shares during the last quarter.
Ambiq Micro Stock Performance
Ambiq Micro stock opened at $64.49 on Friday. The company has a market capitalization of $1.56 billion and a PE ratio of -30.42. The company has a 50 day moving average price of $76.29 and a 200-day moving average price of $52.79. Ambiq Micro, Inc. has a fifty-two week low of $22.12 and a fifty-two week high of $91.61.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on AMBQ shares. Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Needham & Company LLC lifted their target price on Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup reissued a “neutral” rating on shares of Ambiq Micro in a research note on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Finally, Northland Securities set a $81.00 price target on shares of Ambiq Micro in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ambiq Micro has a consensus rating of “Hold” and a consensus price target of $76.00.
Read Our Latest Report on AMBQ
Insider Buying and Selling at Ambiq Micro
In other news, Director Timothy Chen sold 70,592 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total transaction of $5,632,535.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.
Ambiq Micro 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.
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