Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) Director Ker Zhang sold 10,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $63.44, for a total transaction of $634,400.00. Following the completion of the transaction, the director directly owned 20,366 shares of the company’s stock, valued at $1,292,019.04. The trade was a 32.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ker Zhang also recently made the following trade(s):
- On Friday, September 4th, Ker Zhang sold 185 shares of Ambiq Micro stock. The stock was sold at an average price of $56.92, for a total transaction of $10,530.20.
Ambiq Micro Trading Up 4.3%
Shares of Ambiq Micro stock opened at $62.48 on Friday. Ambiq Micro, Inc. has a 12-month low of $22.12 and a 12-month high of $91.61. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -29.47 and a beta of 5.58. The firm’s 50 day simple moving average is $65.05 and its two-hundred day simple moving average is $57.89.
Analyst Upgrades and Downgrades
AMBQ has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday, June 29th. Citigroup reiterated a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Roth Capital assumed coverage on shares of Ambiq Micro in a research report on Monday, July 13th. They set a “buy” rating and a $125.00 price target for the company. Northland Securities set a $81.00 price objective on shares of Ambiq Micro in a research note on Wednesday, August 12th. Finally, Needham & Company LLC upped their price objective on shares of Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $82.20.
Check Out Our Latest Stock Report on AMBQ
Hedge Funds Weigh In On Ambiq Micro
Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in Ambiq Micro by 244.6% during the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after acquiring an additional 702 shares during the period. Azimuth Capital Investment Management LLC acquired a new position in Ambiq Micro in the second quarter valued at approximately $234,000. Resolute Advisors LLC purchased a new stake in Ambiq Micro in the 2nd quarter worth approximately $265,000. Royal Bank of Canada boosted its position in Ambiq Micro by 1,332.1% in the 1st quarter. Royal Bank of Canada now owns 11,600 shares of the company’s stock worth $295,000 after purchasing an additional 10,790 shares in the last quarter. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of Ambiq Micro during the 1st quarter worth approximately $481,000.
Ambiq Micro Company Profile
Ambiq Micro, Inc is a semiconductor company that develops ultra-low-power system-on-chip (SoC) solutions and microcontrollers for edge computing and artificial intelligence applications. Its technology is designed to help battery-powered devices perform data processing locally while extending battery life.
The company’s product portfolio includes its Apollo family of low-power microcontrollers and SoCs, as well as solutions that integrate processing, memory, wireless connectivity and AI capabilities.
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