Ambiq Micro (NYSE:AMBQ) Stock Gets Price Target Reduction from Needham & Company LLC

Ambiq Micro (NYSE:AMBQ) had its target price cut by Needham & Company LLC from $85.00 to $65.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on AMBQ. Northland Securities set a $81.00 price objective on Ambiq Micro in a research note on Wednesday, August 12th. UBS Group cut their target price on Ambiq Micro from $73.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Stifel Nicolaus decreased their price target on Ambiq Micro from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group began coverage on Ambiq Micro in a research report on Wednesday, October 7th. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Citigroup reiterated a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.14.

Ambiq Micro Stock Down 2.8%

NYSE:AMBQ opened at $47.43 on Wednesday. The company has a 50-day moving average of $56.62 and a 200-day moving average of $54.15. Ambiq Micro has a 52 week low of $22.12 and a 52 week high of $91.61.

Ambiq Micro (NYSE:AMBQ) last posted its earnings results on Tuesday, November 10th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.27. The business had revenue of $38.14 million for the quarter. Ambiq Micro had a negative net margin of 29.72% and a negative return on equity of 9.27%. Ambiq Micro has set its Q4 2026 guidance at -0.090–0.030 EPS. Equities research analysts predict that Ambiq Micro will post -1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Ambiq Micro

In other Ambiq Micro news, CEO Fumihide Esaka sold 50,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $29,174,745.60. The trade was a 9.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Scott Hanson sold 27,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $59.80, for a total transaction of $1,644,500.00. Following the sale, the chief technology officer directly owned 221,226 shares in the company, valued at $13,229,314.80. This represents a 11.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 311,387 shares of company stock worth $18,676,029 over the last ninety days. Corporate insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Ambiq Micro

A number of large investors have recently bought and sold shares of AMBQ. Voya Investment Management LLC grew its holdings in shares of Ambiq Micro by 8.6% during the third quarter. Voya Investment Management LLC now owns 3,897 shares of the company’s stock worth $266,000 after purchasing an additional 307 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in shares of Ambiq Micro in the third quarter valued at $477,000. Aberdeen Group plc acquired a new stake in shares of Ambiq Micro in the third quarter valued at $1,043,000. Russell Investments Group Ltd. raised its holdings in shares of Ambiq Micro by 162.4% in the third quarter. Russell Investments Group Ltd. now owns 32,195 shares of the company’s stock valued at $2,195,000 after buying an additional 19,927 shares during the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in shares of Ambiq Micro in the third quarter valued at about $275,000.

About Ambiq Micro

Ambiq Micro is a semiconductor company that develops ultra-low-power systems-on-chip and related technology for battery-powered devices. Its products are designed to help devices process data while using less energy, supporting applications that require extended battery life. The company’s offerings include Apollo microcontroller and system-on-chip products, along with software and development tools. Ambiq’s Subthreshold Power Optimized Technology (SPOT) is designed to reduce power consumption, including in devices that run artificial intelligence workloads at the edge.