Monashee Investment Management LLC Reduces Stock Position in Ambiq Micro, Inc. $AMBQ

Monashee Investment Management LLC cut its stake in Ambiq Micro, Inc. (NYSE:AMBQ) by 57.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,089 shares of the company’s stock after selling 114,911 shares during the period. Ambiq Micro makes up about 1.4% of Monashee Investment Management LLC’s holdings, making the stock its 25th largest holding. Monashee Investment Management LLC’s holdings in Ambiq Micro were worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in AMBQ. Atreides Management LP acquired a new position in Ambiq Micro in the third quarter valued at approximately $20,474,000. Alliancebernstein L.P. acquired a new position in Ambiq Micro in the third quarter valued at approximately $13,050,000. KADENSA CAPITAL Ltd acquired a new position in Ambiq Micro in the third quarter valued at approximately $11,818,000. Vanguard Group Inc. acquired a new position in Ambiq Micro in the third quarter valued at approximately $9,210,000. Finally, Franklin Resources Inc. lifted its holdings in Ambiq Micro by 2,474.3% in the fourth quarter. Franklin Resources Inc. now owns 307,887 shares of the company’s stock valued at $8,775,000 after acquiring an additional 295,927 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Timothy Chen sold 70,592 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total transaction of $5,632,535.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sean Chihhsiang Chen sold 55,685 shares of the company’s 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 in the company, valued at approximately $8,526,294.75. This trade represents a 31.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 223,288 shares of company stock valued at $16,326,101.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMBQ shares. Bank of America restated a “neutral” rating and set a $35.00 price target on shares of Ambiq Micro in a research note on Thursday, March 5th. Wall Street Zen upgraded Ambiq Micro from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Northland Securities started coverage on Ambiq Micro in a research note on Tuesday, April 21st. They set an “outperform” rating and a $44.00 price target on the stock. Needham & Company LLC upped their price target on Ambiq Micro from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded Ambiq Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Three research 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, Ambiq Micro currently has an average rating of “Hold” and an average price target of $52.80.

Ambiq Micro Stock Up 11.6%

NYSE:AMBQ opened at $83.86 on Friday. The stock’s fifty day moving average is $53.91 and its two-hundred day moving average is $37.98. Ambiq Micro, Inc. has a 52 week low of $22.12 and a 52 week high of $85.77. The stock has a market capitalization of $1.79 billion and a price-to-earnings ratio of -4.05.

About Ambiq Micro

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.