FNY Investment Advisers LLC bought a new position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 92,500 shares of the company’s stock, valued at approximately $643,000. FNY Investment Advisers LLC owned approximately 0.37% of AmpliTech Group at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of AmpliTech Group by 3.0% in the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after purchasing an additional 4,811 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in AmpliTech Group by 62.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company’s stock valued at $245,000 after buying an additional 24,302 shares during the period. Squarepoint Ops LLC grew its stake in shares of AmpliTech Group by 54.3% in the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after acquiring an additional 7,837 shares in the last quarter. Two Sigma Investments LP increased its position in shares of AmpliTech Group by 45.7% during the third quarter. Two Sigma Investments LP now owns 30,531 shares of the company’s stock worth $119,000 after acquiring an additional 9,570 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of AmpliTech Group in the third quarter valued at $57,000. Institutional investors and hedge funds own 10.99% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Friday, July 17th. Wall Street Zen upgraded AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AmpliTech Group currently has a consensus rating of “Hold” and an average price target of $7.00.
Insider Buying and Selling at AmpliTech Group
In other AmpliTech Group news, Director Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $7.71, for a total transaction of $77,100.00. Following the completion of the sale, the director directly owned 237,743 shares of the company’s stock, valued at $1,832,998.53. The trade was a 4.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jorge Luis Flores sold 30,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $5.36, for a total value of $160,800.00. Following the transaction, the chief operating officer directly owned 76,000 shares of the company’s stock, valued at approximately $407,360. This represents a 28.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 107,157 shares of company stock worth $587,948 over the last ninety days. Corporate insiders own 17.12% of the company’s stock.
AmpliTech Group Trading Up 0.9%
Shares of AMPG opened at $5.43 on Friday. AmpliTech Group, Inc. has a twelve month low of $1.64 and a twelve month high of $10.11. The firm’s fifty day simple moving average is $6.48 and its 200-day simple moving average is $4.07. The firm has a market capitalization of $137.60 million, a price-to-earnings ratio of -17.52 and a beta of -0.20.
AmpliTech Group (NASDAQ:AMPG – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.
About AmpliTech Group
AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.
The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.
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