Ambiq Micro (NYSE:AMBQ) Rating Increased to Hold at Zacks Research

Key Points

• Ambiq Micro (NYSE:AMBQ) has been upgraded to a "hold" rating by Zacks Research, reflecting a shift in analysts' outlook on the stock.
• The consensus price target for Ambiq Micro is $43.75, with varied ratings from different analysts, including two "buy" ratings and three "hold" ratings.
• Ambiq Micro's stock currently trades around $39.59, with a 52-week range of $32.89 to $51.76.

Zacks Research upgraded shares of Ambiq Micro (NYSE:AMBQ - Free Report) to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen upgraded Ambiq Micro to a "hold" rating in a report on Monday, August 11th. UBS Group initiated coverage on Ambiq Micro in a research note on Monday, August 25th. They set a "neutral" rating and a $40.00 price target for the company. Needham & Company LLC initiated coverage on Ambiq Micro in a research note on Monday, August 25th. They set a "buy" rating and a $48.00 price target for the company. Stifel Nicolaus started coverage on Ambiq Micro in a research note on Monday, August 25th. They set a "buy" rating and a $45.00 price target for the company. Finally, Bank of America started coverage on Ambiq Micro in a research report on Monday, August 25th. They set a "neutral" rating and a $42.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Ambiq Micro presently has an average rating of "Hold" and a consensus price target of $43.75.

Ambiq Micro Trading Up 1.0%

Shares of Ambiq Micro stock traded up $0.39 on Tuesday, reaching $39.50. The company had a trading volume of 108,456 shares, compared to its average volume of 280,947. Ambiq Micro has a 1 year low of $32.89 and a 1 year high of $51.76.

Ambiq Micro Company Profile

Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We are a pioneer and leading provider of ultra-low power semiconductor solutions designed to address the significant power consumption challenges of general purpose and AI compute – especially at the edge.