Key Points
- CFO Nicholas Hawkins sold 5,836 shares on Jan. 7 at an average price of $17.27 for a total of $100,787.72, reducing his stake by 6.62% to 82,267 shares (valued at about $1.42M), per an SEC filing.
- Arteris beat the recent quarter's estimates (EPS -$0.09 vs. -$0.11; revenue $17.41M vs. $17.00M) and holds a consensus analyst rating of “Moderate Buy” with a $17.50 target.
- The stock opened at $16.63 (52‑week range $5.46–$19.85), was down about 4.5%, has a market cap of $726.4M, and is 64.36% owned by institutional investors.
Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 1,420 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $16.23, for a total transaction of $23,046.60. Following the transaction, the chief operating officer owned 250,573 shares of the company's stock, valued at approximately $4,066,799.79. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Arteris Stock Performance
AIP opened at $16.63 on Friday. The business's 50-day simple moving average is $15.34 and its 200 day simple moving average is $12.08. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $19.85. The firm has a market capitalization of $726.40 million, a PE ratio of -20.04 and a beta of 1.48.
Arteris (NASDAQ:AIP - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates 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. On average, research analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current year.
Analysts Set New Price Targets
AIP has been the subject of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Arteris in a research note on Wednesday, October 8th. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price objective on shares of Arteris in a research note on Monday, December 15th. TD Cowen raised their price objective on Arteris from $15.00 to $16.50 and gave the company a "buy" rating in a research note on Wednesday, November 5th. Cowen reaffirmed a "buy" rating on shares of Arteris in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of Arteris from a "sell" rating to a "hold" rating in a research report on Monday, September 15th. Four investment 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 has an average rating of "Moderate Buy" and an average target price of $17.50.
View Our Latest Stock Report on Arteris
Institutional Trading of Arteris
A number of institutional investors have recently modified their holdings of AIP. Raymond James Financial Inc. bought a new position in shares of Arteris in the second quarter worth $32,000. BNP Paribas Financial Markets grew its holdings 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 buying an additional 2,595 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of Arteris in the second quarter worth about $97,000. Kapitalo Investimentos Ltda bought a new position in shares of Arteris in the second quarter valued at approximately $104,000. Finally, Strs Ohio purchased a new stake in Arteris in the 1st quarter worth approximately $104,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.
About Arteris
(
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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