Ambiq Micro CTO Scott Hanson sells $3.28m in AMBQ stock
Ambiq Micro's Chief Technology Officer, Scott McLean Hanson, divested a substantial portion of his company's stock, totaling over $3.28 million, according to a recent filing. The sales were executed on August 26 and 27, 2026, involving the exercise of stock options. Despite the stock currently trading at $57.34, which is below its 52-week high of $91.61, Ambiq Micro has achieved a robust 101% return year-to-date.
However, InvestingPro analysis indicates the stock is overvalued, placing it among the Most Overvalued companies. Hanson's initial purchase of 37,500 shares on August 26 for $8.12 per share amounted to $304,500. He subsequently sold 27,500 shares on the same day at a weighted average price of $59.58 per share, generating approximately $1,638,469.25.
The following day, Hanson acquired another 27,500 shares at $8.12 per share, totaling $223,300. He then sold 22,590 shares at a weighted average price of $59.69 per share, yielding about $1,348,369.30. In total, Hanson acquired common stock valued at $527,799 and sold 54,910 shares for a combined value of $3,283,078 across the two days.
As a result, Hanson now owns 221,226 shares of Ambiq Micro directly, in addition to derivative securities. Ambiq Micro reported impressive second-quarter earnings, with revenue increasing by 89.7% to $33.9 million, marking its fifth consecutive quarter of growth. Driven by the increasing demand for edge AI chips, the company has revised its full-year sales outlook to approximately $135 million.
UBS and BofA Securities have adjusted their price targets for Ambiq Micro, with UBS raising it to $73 and BofA to $75, citing strong demand and growth in edge-AI applications. Despite these positive developments, BofA maintains an Underperform rating. The company's management highlighted accelerating momentum in wearables and emerging applications in medical, industrial, and smart-home sectors.
BofA also noted that demand for Ambiq Micro's components currently exceeds supply, reinforcing their view on the company's unit-led growth.
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