Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 16,560 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $69.60, for a total value of $1,152,576.00. Following the completion of the transaction, the chief executive officer directly owned 443,900 shares in the company, valued at $30,895,440. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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 value of $813,780.00.
- On Friday, September 11th, Fumihide Esaka sold 50,000 shares of Ambiq Micro stock. The stock was sold at an average price of $63.36, for a total value of $3,168,000.00.
- 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 value 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 value of $869,265.00.
Ambiq Micro Stock Performance
AMBQ traded down $2.75 on Tuesday, reaching $63.17. The company’s stock had a trading volume of 563,687 shares, compared to its average volume of 603,428. Ambiq Micro, Inc. has a fifty-two week low of $22.12 and a fifty-two week high of $91.61. The stock has a 50 day moving average of $63.05 and a two-hundred day moving average of $61.52.
Institutional Trading of Ambiq Micro
Several institutional investors have recently modified their holdings of AMBQ. California State Teachers Retirement System increased its position in shares of Ambiq Micro by 244.6% in the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock worth $25,000 after acquiring an additional 702 shares in the last quarter. Azimuth Capital Investment Management LLC bought a new position in Ambiq Micro during the second quarter valued at approximately $234,000. Resolute Advisors LLC bought a new stake in Ambiq Micro in the second quarter worth $265,000. Engineers Gate Manager LP bought a new position in shares of Ambiq Micro in the second quarter valued at approximately $525,000. Finally, AXQ Capital LP bought a new position in shares of Ambiq Micro in the second quarter worth about $539,000.
Analysts Set New Price Targets
A number of analysts recently commented on AMBQ shares. Northland Securities set a $81.00 price objective on shares of Ambiq Micro in a report on Wednesday, August 12th. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. Stifel Nicolaus boosted their price objective on shares of Ambiq Micro from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Roth Capital initiated coverage on Ambiq Micro in a research note on Monday, July 13th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Needham & Company LLC raised their target price on Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $82.67.
Read Our Latest Stock Report on AMBQ
Key Headlines Impacting Ambiq Micro
Here are the key news stories impacting Ambiq Micro this week:
- Positive Sentiment: Stifel Nicolaus raised its price target for Ambiq Micro from $75 to $85 and reiterated a “buy” rating, implying substantial upside from the reference price. The higher target signals increased confidence in the company’s growth prospects. TickerReport article
- Neutral Sentiment: A published comparison of Onto Innovation and Ambiq Micro provided additional equity research coverage, but the available report details do not indicate a specific new change to Ambiq’s earnings outlook or valuation. Financial analysis article
- Negative Sentiment: Ambiq Micro COO Sean Chen sold 14,007 shares across transactions on October 2 and October 5 for total proceeds of approximately $951,749. The sales reduced his holdings by roughly 12% in aggregate. Because the transactions were executed under a pre-arranged Rule 10b5-1 plan, they may be less concerning than discretionary selling, but they can still weigh on investor sentiment. SEC insider filing
- Negative Sentiment: CTO Scott Hanson sold 8,680 shares for approximately $604,128, reducing his ownership by about 3.9%. The additional executive sale reinforces near-term selling pressure, although the filing does not by itself establish a negative change in the company’s business outlook. SEC insider filing
Ambiq Micro Company Profile
Ambiq Micro is a semiconductor company that develops ultra-low-power system-on-chips (SoCs), microcontrollers and related technologies for connected edge devices. Its products are designed to extend battery life while supporting computing, sensing, wireless connectivity and artificial intelligence workloads.
The company’s portfolio includes the Apollo family of microcontrollers and SoCs, along with development platforms and software tools for applications such as smartwatches, hearables, healthcare devices, smart-home equipment, industrial sensors and other Internet of Things products.
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