Ambiq Micro (NYSE:AMBQ) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Ambiq Micro, Inc. (NYSE:AMBQ) saw unusually-high trading volume on Wednesday . 534,352 shares changed hands during trading, an increase of 10% from the previous session’s volume of 483,664 shares.The stock last traded at $81.0190 and had previously closed at $79.78.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMBQ shares. UBS Group raised their target price on Ambiq Micro from $43.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Northland Securities assumed coverage on Ambiq Micro in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price target for the company. Bank of America reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Ambiq Micro in a research note on Thursday, March 5th. Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Needham & Company LLC boosted 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. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.80.

Ambiq Micro Stock Performance

The company’s 50-day moving average price is $62.99 and its 200 day moving average price is $41.39. The stock has a market capitalization of $1.77 billion and a P/E ratio of -4.01.

Insider Buying and Selling at Ambiq Micro

In other news, CEO Fumihide Esaka sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $70.02, for a total value of $4,201,200.00. Following the completion of the transaction, the chief executive officer owned 391,189 shares of the company’s stock, valued at $27,391,053.78. This represents a 13.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Sean Chihhsiang Chen sold 55,685 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $70.89, for a total value of $3,947,509.65. Following the sale, the chief operating officer owned 120,275 shares of the company’s stock, valued at $8,526,294.75. This represents a 31.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 223,288 shares of company stock valued at $16,326,101.

Institutional Investors Weigh In On Ambiq Micro

A number of institutional investors have recently added to or reduced their stakes in AMBQ. Monashee Investment Management LLC bought a new position in shares of Ambiq Micro during the third quarter worth $5,984,000. Fortress Investment Group LLC bought a new stake in Ambiq Micro in the 3rd quarter valued at $4,488,000. First Eagle Investment Management LLC purchased a new stake in Ambiq Micro in the 3rd quarter worth $1,762,000. Atreides Management LP purchased a new stake in Ambiq Micro in the 3rd quarter worth $20,474,000. Finally, KADENSA CAPITAL Ltd bought a new position in shares of Ambiq Micro during the 3rd quarter valued at about $11,818,000.

Ambiq Micro Company Profile

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.