Ambiq Micro, Inc. (NYSE:AMBQ – Get Free Report) COO Sean Chen sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $60.14, for a total transaction of $902,100.00. Following the transaction, the chief operating officer directly owned 120,275 shares in the company, valued at $7,233,338.50. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Chihhsiang Chen also recently made the following trade(s):
- On Friday, September 4th, Sean Chen sold 15,000 shares of Ambiq Micro stock. The stock was sold at an average price of $57.17, for a total transaction of $857,550.00.
Ambiq Micro Stock Up 1.9%
Shares of NYSE:AMBQ opened at $60.72 on Wednesday. The firm has a fifty day moving average of $65.98 and a two-hundred day moving average of $57.47. 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 P/E ratio of -28.64 and a beta of 5.58.
Wall Street Analyst Weigh In
AMBQ has been the subject of several research reports. Citigroup reiterated a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Needham & Company LLC increased their price objective on Ambiq Micro from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Roth Capital began coverage on shares of Ambiq Micro in a research report on Monday, July 13th. They set a “buy” rating and a $125.00 price objective on the stock. UBS Group set a $85.00 target price on shares of Ambiq Micro in a research note on Wednesday, August 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.20.
Read Our Latest Report on AMBQ
Institutional Trading of Ambiq Micro
Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Ambiq Micro by 288.5% in the first quarter. Bank of New York Mellon Corp now owns 42,030 shares of the company’s stock valued at $1,068,000 after purchasing an additional 31,212 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Ambiq Micro during the 1st quarter worth about $1,082,000. Monashee Investment Management LLC boosted its stake in Ambiq Micro by 21.9% during the 1st quarter. Monashee Investment Management LLC now owns 103,756 shares of the company’s stock valued at $2,636,000 after purchasing an additional 18,667 shares during the period. Readystate Asset Management LP boosted its stake in Ambiq Micro by 152.6% during the 1st quarter. Readystate Asset Management LP now owns 41,917 shares of the company’s stock valued at $1,065,000 after purchasing an additional 25,321 shares during the period. Finally, Polar Asset Management Partners Inc. grew its holdings in Ambiq Micro by 671.8% in the 1st quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock valued at $5,116,000 after buying an additional 175,247 shares during the last quarter.
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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