Key Points
- COO Laurent Moll sold 5,373 shares on January 2 at an average price of $15.45 for a total of $83,012.85, reducing his holding by 2.09% to 251,993 shares (about $3.89M).
- Arteris beat Q3 estimates with EPS of ($0.09) and revenue of $17.41M, though analysts still expect a full-year EPS of about -$0.73.
- The stock has a market cap of ~$767.9M and an average analyst rating of "Moderate Buy" with a consensus target price of $17.50 (1‑year range $5.46–$19.85).
Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 5,373 shares of Arteris stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $15.45, for a total transaction of $83,012.85. Following the transaction, the chief operating officer owned 251,993 shares in the company, valued at $3,893,291.85. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Arteris Price Performance
Shares of AIP stock opened at $17.58 on Wednesday. The company has a market cap of $767.89 million, a price-to-earnings ratio of -21.18 and a beta of 1.48. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $19.85. The firm has a fifty day moving average price of $15.20 and a 200-day moving average price of $12.01.
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 company had revenue of $17.41 million for the quarter, compared to analysts' expectations of $17.00 million. Equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a research note on Wednesday, October 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 target price on shares of Arteris in a report on Monday, December 15th. Jefferies Financial Group raised Arteris to a "hold" rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of Arteris from a "sell" rating to a "hold" rating in a report on Monday, September 15th. Finally, Cowen reiterated a "buy" rating on shares of Arteris in a research report on Wednesday, November 5th. Four 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.50.
Check Out Our Latest Report on AIP
Hedge Funds Weigh In On Arteris
Several large investors have recently modified their holdings of the stock. Ieq Capital LLC bought a new stake in Arteris in the first quarter worth $177,000. AQR Capital Management LLC purchased a new stake in Arteris in the 1st quarter worth approximately $1,621,000. Jacobs Levy Equity Management Inc. lifted its stake in Arteris by 48.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 249,517 shares of the company's stock valued at $1,724,000 after buying an additional 81,516 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Arteris by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after acquiring an additional 260,277 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Arteris in the first quarter valued at approximately $104,000. Institutional investors own 64.36% of the company's stock.
Arteris Company Profile
(
Get Free Report)
Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company's core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.
Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.
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