Capital Asset Advisory Services LLC Invests $481,000 in Ambiq Micro, Inc. $AMBQ

Capital Asset Advisory Services LLC purchased a new stake in shares of Ambiq Micro, Inc. (NYSE:AMBQ – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,928 shares of the company’s stock, valued at approximately $481,000.

Several other hedge funds have also added to or reduced their stakes in the company. Inspire Investing LLC increased its position in Ambiq Micro by 28.9% in the first quarter. Inspire Investing LLC now owns 20,806 shares of the company’s stock worth $529,000 after purchasing an additional 4,665 shares during the period. Wasatch Advisors LP lifted its position in Ambiq Micro by 16.9% during the 1st quarter. Wasatch Advisors LP now owns 254,303 shares of the company’s stock valued at $6,462,000 after purchasing an additional 36,791 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Ambiq Micro in the 4th quarter valued at about $769,000. Millennium Management LLC bought a new position in shares of Ambiq Micro in the 4th quarter valued at about $1,768,000. Finally, Atreides Management LP grew its position in shares of Ambiq Micro by 1.8% during the 4th quarter. Atreides Management LP now owns 696,420 shares of the company’s stock worth $19,848,000 after buying an additional 12,113 shares during the period.

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Ambiq Micro Price Performance

Shares of NYSE:AMBQ opened at $83.42 on Friday. The company has a market capitalization of $1.78 billion and a price-to-earnings ratio of -4.03. The firm’s 50 day simple moving average is $70.21 and its 200 day simple moving average is $44.09. Ambiq Micro, Inc. has a fifty-two week low of $22.12 and a fifty-two week high of $91.61.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMBQ shares. Zacks Research upgraded shares of Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Northland Securities began coverage on shares of Ambiq Micro in a report on Tuesday, April 21st. They set an “outperform” rating and a $44.00 target price for the company. Needham & Company LLC upped their target price on shares of Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research note on Monday. Finally, Bank of America restated a “neutral” rating and issued a $35.00 price target on shares of Ambiq Micro in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.80.

Read Our Latest Stock Analysis on AMBQ

Insider Activity

In other news, CEO Fumihide Esaka sold 60,000 shares of Ambiq Micro stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $70.02, for a total transaction of $4,201,200.00. Following the transaction, the chief executive officer directly owned 391,189 shares of the company’s stock, valued at $27,391,053.78. This trade represents a 13.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Sean Chihhsiang Chen sold 55,685 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $70.89, for a total transaction of $3,947,509.65. Following the completion of the transaction, the chief operating officer directly owned 120,275 shares of the company’s stock, valued at $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 have sold 222,477 shares of company stock valued at $16,304,893.

Ambiq Micro Profile

(Free Report)

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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