Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) CEO Fumihide Esaka sold 13,500 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $60.28, for a total value of $813,780.00. Following the transaction, the chief executive officer owned 460,460 shares of the company’s stock, valued at approximately $27,756,528.80. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fumihide Esaka also recently made the following trade(s):
- 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 transaction of $2,785,840.00.
- On Tuesday, September 1st, Fumihide Esaka sold 48,973 shares of Ambiq Micro stock. The shares were 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 stock was sold at an average price of $64.39, for a total transaction of $869,265.00.
Ambiq Micro Stock Up 1.9%
Shares of AMBQ stock traded up $1.11 on Tuesday, reaching $60.72. The stock had a trading volume of 358,288 shares, compared to its average volume of 501,346. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $91.61. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -28.64 and a beta of 5.58. The firm’s 50-day moving average is $66.27 and its two-hundred day moving average is $57.28.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of AMBQ. Atreides Management LP increased its holdings in Ambiq Micro by 23.8% in the 1st quarter. Atreides Management LP now owns 862,175 shares of the company’s stock worth $21,908,000 after purchasing an additional 165,755 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Ambiq Micro during the second quarter valued at about $14,847,000. Wasatch Advisors LP boosted its stake in shares of Ambiq Micro by 16.9% during the first 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 in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Ambiq Micro by 603.5% during the second quarter. Squarepoint Ops LLC now owns 63,228 shares of the company’s stock worth $5,583,000 after purchasing an additional 54,240 shares during the last quarter. Finally, Polar Asset Management Partners Inc. grew its holdings in shares of Ambiq Micro by 671.8% during the first quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock worth $5,116,000 after purchasing an additional 175,247 shares during the last quarter.
Analyst Ratings Changes
AMBQ has been the subject of a number of recent analyst reports. UBS Group set a $85.00 target price on Ambiq Micro in a research report on Wednesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Needham & Company LLC boosted their price target on Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Northland Securities set a $81.00 price objective on shares of Ambiq Micro in a research report on Wednesday, August 12th. Finally, Roth Capital initiated coverage on shares of Ambiq Micro in a research note on Monday, July 13th. They set a “buy” rating and a $125.00 price objective on the stock. Three 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.20.
Read Our Latest Research Report on AMBQ
About Ambiq Micro
Ambiq Micro, Inc is a semiconductor company that develops ultra-low-power system-on-chip (SoC) solutions and microcontrollers for edge computing and artificial intelligence applications. Its technology is designed to help battery-powered devices perform data processing locally while extending battery life.
The company’s product portfolio includes its Apollo family of low-power microcontrollers and SoCs, as well as solutions that integrate processing, memory, wireless connectivity and AI capabilities.
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