Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 48,973 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $56.39, for a total value of $2,761,587.47. Following the completion of the transaction, the chief executive officer directly owned 460,460 shares in the company, valued at $25,965,339.40. This trade represents a 9.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- On Monday, August 31st, Fumihide Esaka sold 48,500 shares of Ambiq Micro stock. The stock was sold at an average price of $57.44, for a total transaction of $2,785,840.00.
- On Wednesday, September 2nd, Fumihide Esaka sold 11,027 shares of Ambiq Micro stock. The shares were 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 value of $869,265.00.
Ambiq Micro Price Performance
Shares of AMBQ stock opened at $57.28 on Thursday. Ambiq Micro, Inc. has a 1-year low of $22.12 and a 1-year high of $91.61. The stock’s 50-day moving average is $70.19 and its 200 day moving average is $55.59. The company has a market cap of $1.39 billion, a P/E ratio of -27.02 and a beta of 5.59.
Hedge Funds Weigh In On Ambiq Micro
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMBQ. California State Teachers Retirement System lifted its position in Ambiq Micro by 244.6% during the 1st quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after acquiring an additional 702 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Ambiq Micro in the third quarter valued at about $28,000. New York State Common Retirement Fund acquired a new position in shares of Ambiq Micro in the fourth quarter valued at about $48,000. JPMorgan Chase & Co. purchased a new position in shares of Ambiq Micro in the third quarter worth about $56,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Ambiq Micro during the third quarter worth about $65,000.
Analyst Ratings Changes
Several analysts have recently commented on AMBQ shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambiq Micro in a report on Monday, June 29th. Roth Capital initiated coverage on Ambiq Micro in a report on Monday, July 13th. They issued a “buy” rating and a $125.00 price target for the company. Northland Securities set a $81.00 price target on Ambiq Micro in a research note on Wednesday, August 12th. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. Finally, UBS Group set a $85.00 target price on shares of Ambiq Micro in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ambiq Micro currently has a consensus rating of “Hold” and an average price target of $82.20.
Check Out Our Latest Stock Analysis on AMBQ
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.
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