Amprius Technologies (NYSE:AMPX) Price Target Cut to $15.00 by Analysts at Needham & Company LLC

Amprius Technologies (NYSE:AMPX) had its price target reduced by Needham & Company LLC from $20.00 to $15.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

AMPX has been the subject of a number of other reports. William Blair reaffirmed an “outperform” rating on shares of Amprius Technologies in a report on Friday, November 6th. HC Wainwright reissued a “buy” rating and issued a $18.00 price objective on shares of Amprius Technologies in a research note on Tuesday, September 29th. UBS Group restated an “outperform” rating on shares of Amprius Technologies in a report on Friday, November 6th. National Bank Financial set a $18.00 target price on Amprius Technologies in a research note on Tuesday, September 29th. Finally, Zacks Research raised Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $8.56 on Wednesday. The stock’s fifty day simple moving average is $9.06 and its 200 day simple moving average is $13.21. Amprius Technologies has a one year low of $7.02 and a one year high of $24.23. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -30.57 and a beta of 2.36.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Tuesday, November 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Amprius Technologies had a negative return on equity of 12.01% and a negative net margin of 29.94%. The firm had revenue of $39.15 million during the quarter, compared to the consensus estimate of $35.80 million. During the same period in the previous year, the company posted ($0.03) EPS. On average, research analysts anticipate that Amprius Technologies will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Amprius Technologies

In other news, Director Kang Sun sold 62,101 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the transaction, the director directly owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. The trade was a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas Stepien sold 23,529 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $243,289.86. Following the completion of the sale, the chief executive officer directly owned 602,096 shares of the company’s stock, valued at approximately $6,225,672.64. This trade represents a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 123,311 shares of company stock valued at $1,272,556. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. raised its stake in Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after buying an additional 1,643 shares during the period. Sterling Capital Management LLC raised its position in shares of Amprius Technologies by 847.2% during the third quarter. Sterling Capital Management LLC now owns 4,575 shares of the company’s stock worth $44,000 after purchasing an additional 4,092 shares during the period. KBC Group NV acquired a new stake in shares of Amprius Technologies during the first quarter worth about $57,000. Allworth Financial LP lifted its holdings in shares of Amprius Technologies by 1,150.6% during the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock valued at $63,000 after purchasing an additional 4,165 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Amprius Technologies during the 2nd quarter valued at about $79,000. 5.04% of the stock is owned by institutional investors.

Trending Headlines about Amprius Technologies

Investors following AMPX have been watching these headlines:

• Positive Sentiment: Third-quarter revenue reached a record $39.1 million, up 83% year over year and ahead of analyst estimates. Gross profit also increased substantially. Amprius Q3 results
• Positive Sentiment: The company set a 2026 revenue target of $145 million, above the roughly $140.6 million consensus, and plans U.S. pouch-cell capacity of 12 million cells annually by early 2028. Revenue target and capacity plans
• Negative Sentiment: Amprius reported a Q3 loss of $0.02 per share, missing the $0.01 loss analysts expected. Freight costs also weighed on margins, while the company used $7.8 million in operating cash. The earnings miss and cost concerns prompted a negative market reaction after results. Q3 earnings call transcript

About Amprius Technologies

Amprius Technologies, Inc. develops and manufactures lithium-ion batteries designed to provide high energy density and power. Its battery technology uses silicon-based anodes, an alternative to the graphite anodes commonly used in conventional lithium-ion cells. The company’s products are designed for applications where low weight and high performance are important, including electric aviation, drones, aerospace, defense and other mobility markets. Amprius offers silicon-anode cells for customers developing these systems.