Charles Schwab Investment Management Inc. Lowers Stake in Amprius Technologies, Inc. (NYSE:AMPX)

Charles Schwab Investment Management Inc. trimmed its position in Amprius Technologies, Inc. (NYSE:AMPX) by 27.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,442 shares of the company’s stock after selling 75,605 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.19% of Amprius Technologies worth $556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers increased its position in Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after purchasing an additional 3,222 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after acquiring an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Amprius Technologies in the 4th quarter valued at $30,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Hamilton Lane Advisors LLC purchased a new stake in Amprius Technologies during the 4th quarter worth $129,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Cantor Fitzgerald assumed coverage on Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective on the stock. HC Wainwright reissued a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. B. Riley increased their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Oppenheimer boosted their target price on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st. Finally, Northland Securities raised their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $9.43.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 18,142 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $56,784.46. Following the transaction, the chief financial officer now owns 678,000 shares of the company’s stock, valued at $2,122,140. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the transaction, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,088 shares of company stock worth $235,025 over the last quarter. 12.80% of the stock is owned by corporate insiders.

Amprius Technologies Trading Down 4.4 %

Shares of NYSE:AMPX opened at $2.69 on Tuesday. The firm has a market cap of $316.63 million, a PE ratio of -5.97 and a beta of 2.56. The company has a fifty day simple moving average of $2.86 and a 200 day simple moving average of $2.23. Amprius Technologies, Inc. has a 12-month low of $0.61 and a 12-month high of $4.21.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The company had revenue of $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. As a group, equities research analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.