Key Points
- COO Laurent Moll sold 32,775 shares of Arteris on Nov. 5 at an average price of $15.42, reducing his position by 9.53% to 311,110 shares (about $4.8M); the sale was disclosed in an SEC filing.
- Arteris shares opened at $14.48 and are trading near their one‑year high ($15.92); the company reported ($0.11) EPS (matching estimates) with negative margins and a market cap of ~$632M, while analysts hold a consensus "Moderate Buy" rating and an average price target of $17.50.
- Institutional ownership is high (64.36%), and several funds—including Vanguard, GSA Capital and Herald—increased their holdings in the most recent quarter.
Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 32,775 shares of the firm's stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $15.42, for a total transaction of $505,390.50. Following the sale, the chief operating officer directly owned 311,110 shares of the company's stock, valued at $4,797,316.20. The trade was a 9.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Arteris Stock Performance
Shares of Arteris stock opened at $14.48 on Friday. The firm's 50-day simple moving average is $11.59 and its 200-day simple moving average is $9.64. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $15.92. The firm has a market cap of $632.54 million, a PE ratio of -17.45 and a beta of 1.49.
Arteris (NASDAQ:AIP - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%.The company had revenue of $16.50 million during the quarter, compared to analyst estimates of $16.35 million. On average, equities analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of AIP. GSA Capital Partners LLP raised its holdings in shares of Arteris by 59.3% during the third quarter. GSA Capital Partners LLP now owns 132,079 shares of the company's stock valued at $1,334,000 after buying an additional 49,153 shares during the last quarter. Vanguard Group Inc. grew its holdings in Arteris by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,594,402 shares of the company's stock worth $16,103,000 after buying an additional 120,947 shares in the last quarter. Herald Investment Management Ltd increased its position in Arteris by 33.3% in the 3rd quarter. Herald Investment Management Ltd now owns 400,000 shares of the company's stock valued at $4,036,000 after acquiring an additional 100,000 shares during the period. Essex Investment Management Co. LLC increased its position in Arteris by 3.6% in the 3rd quarter. Essex Investment Management Co. LLC now owns 292,159 shares of the company's stock valued at $2,951,000 after acquiring an additional 10,156 shares during the period. Finally, Strs Ohio raised its stake in Arteris by 16.5% during the 3rd quarter. Strs Ohio now owns 20,500 shares of the company's stock valued at $207,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors own 64.36% of the company's stock.
Analyst Upgrades and Downgrades
AIP has been the subject of a number of research reports. Jefferies Financial Group raised shares of Arteris to a "hold" rating in a report on Tuesday, October 28th. TD Cowen lifted their price target on shares of Arteris from $15.00 to $16.50 and gave the company a "buy" rating in a report on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Arteris in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Arteris from a "sell" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Rosenblatt Securities lifted their target price on Arteris from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.50.
Get Our Latest Research Report on Arteris
About Arteris
(
Get Free Report)
Arteris, Inc provides semiconductor interconnect intellectual property (IP) and System-on-Chip (Soc) Integration Automation software solutions (SIA) in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in Soc designs and Network-on-Chip (NoC) interconnect IP.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
