Lexington Partners L.P. Takes Position in Amprius Technologies, Inc. (NYSE:AMPX)

Lexington Partners L.P. bought a new stake in shares of Amprius Technologies, Inc. (NYSE:AMPX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76,764 shares of the company's stock, valued at approximately $215,000. Amprius Technologies accounts for approximately 0.3% of Lexington Partners L.P.'s portfolio, making the stock its 5th biggest holding. Lexington Partners L.P. owned about 0.07% of Amprius Technologies as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company's stock valued at $304,000 after purchasing an additional 152,102 shares during the last quarter. State Street Corp boosted its stake in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company's stock valued at $318,000 after buying an additional 12,900 shares in the last quarter. Geode Capital Management LLC grew its position in Amprius Technologies by 50.9% in the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company's stock valued at $608,000 after acquiring an additional 184,863 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock worth $31,000 after acquiring an additional 6,700 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Amprius Technologies by 343.1% during 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. 5.04% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

AMPX has been the topic of several research reports. Northland Securities lifted 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. B. Riley raised their target price 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. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price target for the company. HC Wainwright reissued a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $6.00 target price on shares of Amprius Technologies in a report on Friday, March 21st. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $9.43.

Amprius Technologies Trading Down 5.3 %

NYSE:AMPX traded down $0.16 during trading hours on Friday, hitting $2.80. 4,330,038 shares of the company were exchanged, compared to its average volume of 2,076,320. The company has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $2.20. Amprius Technologies, Inc. has a one year low of $0.61 and a one year high of $4.21. The stock has a market capitalization of $295.82 million, a price-to-earnings ratio of -6.21 and a beta of 2.56.

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

Insider Activity

In other news, CEO Kang Sun sold 34,353 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $107,524.89. Following the transaction, the chief executive officer now directly owns 1,282,621 shares of the company's stock, valued at $4,014,603.73. The trade was a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan Bornstein sold 13,527 shares of the company'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 $42,339.51. Following the sale, the insider now owns 419,197 shares in the company, valued at approximately $1,312,086.61. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,088 shares of company stock valued at $235,025. 12.80% of the stock is currently owned by insiders.

Amprius Technologies Company Profile

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.