Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 48,500 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $57.44, for a total value of $2,785,840.00. Following the completion of the transaction, the chief executive officer owned 451,189 shares of the company’s stock, valued at $25,916,296.16. This represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 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 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 transaction of $869,265.00.
Ambiq Micro Price Performance
NYSE:AMBQ opened at $57.28 on Thursday. Ambiq Micro, Inc. has a one year low of $22.12 and a one year high of $91.61. The company has a market cap of $1.39 billion, a PE ratio of -27.02 and a beta of 5.59. The firm’s 50 day simple moving average is $70.19 and its 200 day simple moving average is $55.59.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on AMBQ shares. Roth Capital began coverage on Ambiq Micro in a research report on Monday, July 13th. They set a “buy” rating and a $125.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Northland Securities set a $81.00 price target on shares of Ambiq Micro in a report on Wednesday, August 12th. Citigroup restated a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. Finally, Needham & Company LLC increased their price objective on shares of Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.20.
Get Our Latest Research Report on AMBQ
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in shares of Ambiq Micro by 2,167.7% during the 2nd quarter. California State Teachers Retirement System now owns 22,428 shares of the company’s stock valued at $1,980,000 after purchasing an additional 21,439 shares in the last quarter. Azimuth Capital Investment Management LLC bought a new stake in Ambiq Micro in the second quarter worth approximately $234,000. AXQ Capital LP acquired a new position in Ambiq Micro in the second quarter valued at approximately $539,000. Resolute Advisors LLC acquired a new position in Ambiq Micro in the second quarter valued at approximately $265,000. Finally, Wellington Management Group LLP bought a new position in shares of Ambiq Micro during the 2nd quarter worth approximately $14,847,000.
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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