Roth Capital Upgrades Ambiq Micro (NYSE:AMBQ) to “Strong-Buy”

Ambiq Micro (NYSE:AMBQ) was upgraded by equities researchers at Roth Capital to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also commented on AMBQ. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Northland Securities set a $86.00 price objective on shares of Ambiq Micro in a research note on Wednesday, July 8th. UBS Group increased their price objective 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. Zacks Research raised shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Needham & Company LLC lifted 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.83.

Ambiq Micro Price Performance

AMBQ stock opened at $85.16 on Monday. The firm has a market cap of $1.82 billion and a price-to-earnings ratio of -4.12. Ambiq Micro has a 1-year low of $22.12 and a 1-year high of $91.61. The firm has a fifty day moving average price of $77.70 and a two-hundred day moving average price of $47.11.

Insiders Place Their Bets

In related news, COO Sean Chihhsiang Chen sold 55,685 shares of Ambiq Micro stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $70.89, for a total value of $3,947,509.65. Following the sale, the chief operating officer directly owned 120,275 shares in the company, valued at $8,526,294.75. This trade represents a 31.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Scott Mclean Hanson sold 10,200 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $69.24, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 222,477 shares of company stock worth $16,304,893. 10.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ambiq Micro

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in shares of Ambiq Micro during the third quarter worth approximately $28,000. California State Teachers Retirement System increased its position in Ambiq Micro by 244.6% in the 1st quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock valued at $25,000 after acquiring an additional 702 shares during the period. New York State Common Retirement Fund acquired a new stake in Ambiq Micro in the 4th quarter valued at approximately $48,000. JPMorgan Chase & Co. bought a new stake in Ambiq Micro during the 3rd quarter valued at $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Ambiq Micro during the 3rd quarter valued at $65,000.

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.