Vanguard Group Inc. Raises Position in Amprius Technologies, Inc. $AMPX

Key Points

• Vanguard Group increased its stake in Amprius Technologies by 9.5% in the fourth quarter, buying 616,037 more shares and ending with 7.13 million shares valued at about $56.2 million.
• Amprius Technologies shares were down 5.8% to $16.83, even after reporting quarterly revenue of $28.54 million, which beat estimates. However, the company posted an EPS loss of $0.04, wider than the expected $0.02 loss.
• Analyst sentiment remains mixed but generally positive: the stock has a Moderate Buy consensus rating with an average target price of $20.25, though some firms recently downgraded or reiterated sell ratings.

Vanguard Group Inc. grew its position in Amprius Technologies, Inc. (NYSE:AMPX - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,128,657 shares of the company's stock after acquiring an additional 616,037 shares during the period. Vanguard Group Inc. owned about 5.46% of Amprius Technologies worth $56,245,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMPX. Bank of America Corp DE boosted its holdings in Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after buying an additional 3,055 shares in the last quarter. Quarry LP purchased a new stake in Amprius Technologies during the third quarter worth about $42,000. Rhumbline Advisers boosted its holdings in Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after buying an additional 5,951 shares in the last quarter. Legal & General Group Plc boosted its holdings in Amprius Technologies by 1,385.4% during the second quarter. Legal & General Group Plc now owns 10,383 shares of the company's stock worth $44,000 after buying an additional 9,684 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Amprius Technologies during the second quarter worth about $44,000. Hedge funds and other institutional investors own 5.04% of the company's stock.

Amprius Technologies Trading Down 5.8%

Shares of AMPX opened at $16.83 on Friday. The stock has a market cap of $2.38 billion, a P/E ratio of -56.08 and a beta of 2.20. The company has a 50-day moving average of $18.26 and a two-hundred day moving average of $13.46. Amprius Technologies, Inc. has a 12-month low of $2.34 and a 12-month high of $22.80.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $28.54 million for the quarter, compared to analyst estimates of $25.72 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%. As a group, analysts forecast that Amprius Technologies, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on AMPX. Wall Street Zen downgraded shares of Amprius Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. William Blair reissued an "outperform" rating on shares of Amprius Technologies in a report on Friday, March 6th. B. Riley Financial boosted their price objective on shares of Amprius Technologies from $16.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, March 9th. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a report on Monday, April 20th. Finally, Northland Securities set a $24.00 price objective on shares of Amprius Technologies in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Amprius Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $20.25.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 25,366 shares of Amprius Technologies stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $257,718.56. Following the completion of the transaction, the chief technology officer owned 723,330 shares in the company, valued at approximately $7,349,032.80. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wen Hsuan Hsieh sold 413,146 shares of Amprius Technologies stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $18.44, for a total transaction of $7,618,412.24. Following the transaction, the director owned 44,444 shares of the company's stock, valued at approximately $819,547.36. The trade was a 90.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,539,829 shares of company stock worth $42,323,376. 5.10% of the stock is currently owned by insiders.

Amprius Technologies Company Profile

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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