Ambiq Micro (NYSE:AMBQ) Hits New 52-Week High – Here’s Why

Ambiq Micro, Inc. (NYSE:AMBQ) shares reached a new 52-week high during trading on Friday . The company traded as high as $87.60 and last traded at $88.6620, with a volume of 108601 shares changing hands. The stock had previously closed at $83.39.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMBQ. Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Northland Securities began coverage on Ambiq Micro in a research note on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price objective on the stock. UBS Group increased their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Needham & Company LLC increased their price objective on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Bank of America reissued a “neutral” rating and issued a $35.00 price target on shares of Ambiq Micro in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ambiq Micro currently has a consensus rating of “Hold” and a consensus price target of $52.80.

Ambiq Micro Trading Up 2.9%

The business has a 50 day simple moving average of $53.91 and a 200-day simple moving average of $37.98. The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of -4.14.

Insider Transactions at Ambiq Micro

In other news, CTO Scott Mclean Hanson sold 10,200 shares of Ambiq Micro stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $69.24, for a total value of $706,248.00. Following the transaction, the chief technology officer directly owned 203,126 shares of the company’s stock, valued at $14,064,444.24. The trade was a 4.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey G. Winzeler sold 26,000 shares of Ambiq Micro stock in a transaction dated Thursday, May 14th. The shares were 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 directly owned 94,395 shares in the company, valued at $6,598,210.50. This represents a 21.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 223,288 shares of company stock worth $16,326,101 in the last quarter.

Hedge Funds Weigh In On Ambiq Micro

Several hedge funds and other institutional investors have recently modified their holdings of the company. Atreides Management LP lifted its stake in shares of Ambiq Micro by 23.8% in the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after purchasing an additional 165,755 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at about $13,050,000. KADENSA CAPITAL Ltd purchased a new stake in shares of Ambiq Micro during the 3rd quarter valued at about $11,818,000. Franklin Resources Inc. raised its holdings in shares of Ambiq Micro by 2,474.3% during the 4th quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after buying an additional 295,927 shares during the period. Finally, Vanguard Group Inc. purchased a new stake in shares of Ambiq Micro during the 3rd quarter valued at about $9,210,000.

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.