Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $63.36, for a total value of $3,168,000.00. Following the transaction, the chief executive officer directly owned 460,460 shares of the company’s stock, valued at $29,174,745.60. This trade represents a 9.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- On Tuesday, September 15th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $60.28, for a total transaction of $813,780.00.
- On Monday, August 31st, Fumihide Esaka sold 48,500 shares of Ambiq Micro stock. The shares were sold at an average price of $57.44, for a total transaction of $2,785,840.00.
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The stock was sold at an average price of $56.39, for a total value of $2,761,587.47.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The stock was sold at an average price of $56.69, for a total value of $625,120.63.
- On Friday, August 14th, Fumihide Esaka sold 13,500 shares of Ambiq Micro stock. The shares were sold at an average price of $64.39, for a total transaction of $869,265.00.
Ambiq Micro Price Performance
Ambiq Micro stock opened at $60.72 on Wednesday. Ambiq Micro, Inc. has a 12-month low of $22.12 and a 12-month high of $91.61. The stock has a market capitalization of $1.47 billion, a PE ratio of -28.64 and a beta of 5.58. The firm has a 50 day simple moving average of $65.98 and a 200-day simple moving average of $57.47.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of AMBQ. California State Teachers Retirement System increased its holdings in shares of 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 purchasing an additional 702 shares during the period. Azimuth Capital Investment Management LLC acquired a new stake in shares of Ambiq Micro during the second quarter worth approximately $234,000. Resolute Advisors LLC acquired a new stake in shares of Ambiq Micro during the second quarter worth approximately $265,000. Engineers Gate Manager LP purchased a new position in Ambiq Micro during the second quarter valued at approximately $525,000. Finally, AXQ Capital LP acquired a new position in Ambiq Micro in the 2nd quarter valued at approximately $539,000.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Northland Securities set a $81.00 price target on Ambiq Micro in a research note on Wednesday, August 12th. Needham & Company LLC raised their target price on shares of Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Roth Capital assumed coverage on shares of Ambiq Micro in a research report on Monday, July 13th. They issued a “buy” rating and a $125.00 target price on the stock. Citigroup restated a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Finally, UBS Group set a $85.00 price target on shares of Ambiq Micro in a research 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 stock. Based on data from MarketBeat.com, Ambiq Micro presently has an average rating of “Hold” and an average target price of $82.20.
Get Our Latest Analysis on Ambiq Micro
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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