Ambiq Micro, Inc. $AMBQ Shares Sold by Monashee Investment Management LLC

Monashee Investment Management LLC lowered its position in shares of Ambiq Micro, Inc. (NYSE:AMBQ – Free Report) by 57.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 85,089 shares of the company’s stock after selling 114,911 shares during the quarter. Ambiq Micro comprises about 1.4% of Monashee Investment Management LLC’s portfolio, making the stock its 25th largest position. Monashee Investment Management LLC owned about 0.46% of Ambiq Micro worth $2,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Ambiq Micro during the 3rd quarter worth about $28,000. JPMorgan Chase & Co. acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at about $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at about $65,000. Rhumbline Advisers acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at about $119,000. Finally, Bank of America Corp DE acquired a new position in shares of Ambiq Micro in the 3rd quarter valued at about $177,000.

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Ambiq Micro Trading Up 11.6%

NYSE:AMBQ opened at $83.86 on Friday. Ambiq Micro, Inc. has a 12 month low of $22.12 and a 12 month high of $85.77. The stock has a 50 day moving average of $53.91 and a two-hundred day moving average of $37.98. The firm has a market cap of $1.79 billion and a P/E ratio of -4.05.

Analyst Upgrades and Downgrades

AMBQ has been the subject of several analyst reports. Northland Securities initiated coverage on Ambiq Micro in a report on Tuesday, April 21st. They issued an “outperform” rating and a $44.00 price objective for the company. Zacks Research raised Ambiq Micro from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. UBS Group boosted their price objective on Ambiq Micro from $43.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Needham & Company LLC boosted their price objective on Ambiq Micro from $48.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Ambiq Micro from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ambiq Micro currently has an average rating of “Hold” and a consensus price target of $52.80.

View Our Latest Analysis on Ambiq Micro

Insider Activity at Ambiq Micro

In other news, Director Timothy Chen sold 70,592 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total value of $5,632,535.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fumihide Esaka sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $70.02, for a total value of $4,201,200.00. Following the completion of the sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Insiders sold 223,288 shares of company stock worth $16,326,101 in the last quarter.

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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