Baird Financial Group Inc. Has $18.36 Million Position in Amprius Technologies, Inc. $AMPX

Key Points

• Baird Financial Group reduced its Amprius Technologies stake by 16.4% in the second quarter, selling 260,189 shares but retaining 1.32 million shares worth approximately $18.36 million.
• Other major institutional investors, including Vanguard, Geode Capital, State Street, Invesco, and Goldman Sachs, increased their positions; institutional investors collectively own 5.04% of AMPX.
• AMPX shares opened at $9.45, well below the $23 consensus analyst price target. Analysts’ overall rating is “Moderate Buy,” while insiders have sold 208,311 shares worth about $2.73 million over the past 90 days.

Baird Financial Group Inc. lessened its position in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,324,909 shares of the company's stock after selling 260,189 shares during the period. Baird Financial Group Inc. owned approximately 0.94% of Amprius Technologies worth $18,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AMPX. Vanguard Group Inc. boosted its holdings in shares of Amprius Technologies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company's stock valued at $56,245,000 after purchasing an additional 616,037 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amprius Technologies by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 2,678,417 shares of the company's stock worth $21,137,000 after buying an additional 253,529 shares during the last quarter. State Street Corp lifted its position in shares of Amprius Technologies by 16.6% during the 4th quarter. State Street Corp now owns 2,553,710 shares of the company's stock worth $20,149,000 after buying an additional 363,928 shares during the last quarter. Invesco Ltd. boosted its stake in Amprius Technologies by 113.3% in the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company's stock valued at $25,031,000 after buying an additional 1,263,846 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Amprius Technologies by 23.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,194,841 shares of the company's stock valued at $17,317,000 after buying an additional 410,724 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company's stock.

Insider Activity

In other news, Director Kang Sun sold 62,101 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the sale, the director directly owned 1,218,397 shares in the company, valued at $12,598,224.98. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald Dixon sold 85,000 shares of Amprius Technologies stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.17, for a total transaction of $1,459,450.00. Following the transaction, the director directly owned 359,380 shares of the company's stock, valued at $6,170,554.60. This represents a 19.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 208,311 shares of company stock valued at $2,732,006. Company insiders own 5.10% of the company's stock.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $9.45 on Friday. The stock's 50 day moving average is $10.56 and its 200 day moving average is $14.75. Amprius Technologies, Inc. has a one year low of $7.71 and a one year high of $24.23. The firm has a market cap of $1.34 billion, a P/E ratio of -32.57 and a beta of 2.33.

Analyst Upgrades and Downgrades

AMPX has been the subject of several research analyst reports. Zacks Research raised Amprius Technologies from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Clear Str assumed coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They set a "strong-buy" rating and a $33.00 price target on the stock. JonesTrading began coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They set a "buy" rating and a $30.00 price objective for the company. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

About Amprius Technologies

Amprius Technologies, Inc NYSE: AMPX is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company's batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius' product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.

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