Ambiq Micro (NYSE:AMBQ) Shares Up 5.5% - Here's What Happened

Key Points

• Ambiq Micro shares saw a **5.5% increase**, closing at **$39.05**, following trading activity, with a notable drop in volume of **86%** compared to the average.
• Various analysts have provided mixed reviews on Ambiq Micro, with ratings ranging from **"buy"** to **"sell,"** and an average price target of **$43.75**.
• Ambiq Micro aims to address power consumption challenges in AI and general-purpose computing by offering **ultra-low power semiconductor solutions**.

Ambiq Micro, Inc. (NYSE:AMBQ - Get Free Report) shares traded up 5.5% during mid-day trading on Wednesday . The stock traded as high as $39.06 and last traded at $39.05. 66,109 shares changed hands during trading, a decline of 86% from the average session volume of 456,075 shares. The stock had previously closed at $37.01.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America assumed coverage on shares of Ambiq Micro in a report on Monday, August 25th. They set a "neutral" rating and a $42.00 price objective on the stock. Stifel Nicolaus initiated coverage on Ambiq Micro in a research report on Monday, August 25th. They issued a "buy" rating and a $45.00 target price on the stock. Needham & Company LLC initiated coverage on Ambiq Micro in a research report on Monday, August 25th. They issued a "buy" rating and a $48.00 target price on the stock. Wall Street Zen downgraded Ambiq Micro from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Zacks Research upgraded Ambiq Micro to a "hold" rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $43.75.

Ambiq Micro Stock Performance

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.

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