Key Points
- Major shareholder Bayview Legacy sold 60,000 shares of Arteris on Dec. 5 at an average price of $17.08 for proceeds of $1,024,800, leaving it with 9,539,071 shares (a 0.63% reduction).
- Bayview Legacy has been repeatedly selling sizable blocks in recent months (100,000 on Oct. 6 at $13.10; 50,000 on Oct. 8 at $13.07; 40,000 on Dec. 4 at $16.46; 70,000 on Dec. 8 at $17.71), signaling ongoing insider liquidation.
- Arteris has a market cap of about $838.2M, a 52‑week range of $5.46–$19.30, and a consensus analyst rating of "Moderate Buy" with a consensus target price of $17.50.
Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 17,200 shares of the business's stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $16.97, for a total value of $291,884.00. Following the completion of the sale, the chief operating officer owned 293,096 shares of the company's stock, valued at $4,973,839.12. This trade represents a 5.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Arteris Trading Up 5.6%
AIP stock opened at $19.19 on Wednesday. The stock's 50 day simple moving average is $13.93 and its 200 day simple moving average is $10.86. Arteris, Inc. has a 12-month low of $5.46 and a 12-month high of $19.30. The firm has a market cap of $838.22 million, a P/E ratio of -23.12 and a beta of 1.49.
Arteris (NASDAQ:AIP - Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The firm had revenue of $17.41 million during the quarter, compared to analyst estimates of $17.00 million. Arteris had a negative net margin of 52.25% and a negative return on equity of 8,546.17%. On average, research analysts forecast that Arteris, Inc. will post -0.73 EPS for the current fiscal year.
Institutional Investors Weigh In On Arteris
A number of hedge funds have recently made changes to their positions in AIP. Raymond James Financial Inc. acquired a new position in shares of Arteris during the second quarter worth approximately $32,000. BNP Paribas Financial Markets raised its stake in Arteris by 75.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company's stock valued at $61,000 after acquiring an additional 2,595 shares in the last quarter. Savant Capital LLC bought a new stake in Arteris during the 2nd quarter valued at $97,000. Kapitalo Investimentos Ltda acquired a new position in Arteris during the 2nd quarter worth $104,000. Finally, Strs Ohio bought a new position in shares of Arteris in the first quarter worth $104,000. Institutional investors own 64.36% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on AIP. Wall Street Zen raised shares of Arteris from a "sell" rating to a "hold" rating in a research report on Monday, September 15th. 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, November 5th. Cowen reiterated a "buy" rating on shares of Arteris in a research report on Wednesday, November 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a report on Wednesday, October 8th. Finally, TD Cowen boosted their price objective on Arteris from $15.00 to $16.50 and gave the company a "buy" rating in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $17.50.
View Our Latest Analysis on AIP
Arteris Company Profile
(
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.
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