Key Points
- Bayview Legacy sold 17,884 Arteris shares on Jan. 15 at an average price of $17.84 for $319,050.56, trimming its position by 0.19% to 9,399,071 shares (valued at ≈$167.7M).
- Bayview has been repeatedly selling Arteris stock since early December (including lots of 70k, 60k, 50k and smaller trades), disposing of roughly $4.1M in recent transactions, indicating continued insider selling.
- Arteris trades in a 52‑week range of $5.46–$19.85 with a market cap of about $731M; analysts have a consensus "Moderate Buy" and an average target of $17.50, after the company slightly beat recent quarterly EPS and revenue estimates.
Arteris, Inc. (NASDAQ:AIP - Get Free Report) major shareholder Bayview Legacy, Llc sold 17,884 shares of the business's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $17.84, for a total transaction of $319,050.56. Following the completion of the sale, the insider directly owned 9,399,071 shares in the company, valued at approximately $167,679,426.64. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Bayview Legacy, Llc also recently made the following trade(s):
- On Tuesday, January 13th, Bayview Legacy, Llc sold 2,116 shares of Arteris stock. The stock was sold at an average price of $17.79, for a total transaction of $37,643.64.
- On Thursday, January 8th, Bayview Legacy, Llc sold 50,000 shares of Arteris stock. The shares were sold at an average price of $16.58, for a total transaction of $829,000.00.
- On Monday, December 8th, Bayview Legacy, Llc sold 70,000 shares of Arteris stock. The stock was sold at an average price of $17.71, for a total value of $1,239,700.00.
- On Friday, December 5th, Bayview Legacy, Llc sold 60,000 shares of Arteris stock. The stock was sold at an average price of $17.08, for a total value of $1,024,800.00.
- On Thursday, December 4th, Bayview Legacy, Llc sold 40,000 shares of Arteris stock. The shares were sold at an average price of $16.46, for a total value of $658,400.00.
Arteris Stock Performance
Shares of AIP opened at $16.74 on Wednesday. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $19.85. The stock's 50-day simple moving average is $15.82 and its 200 day simple moving average is $12.58. The stock has a market capitalization of $731.20 million, a price-to-earnings ratio of -20.17 and a beta of 1.48.
Arteris (NASDAQ:AIP - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates 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. On average, research analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on AIP shares. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of Arteris in a research note on Monday, December 15th. Cowen reissued a "buy" rating on shares of Arteris in a research note on Wednesday, November 5th. Jefferies Financial Group upgraded Arteris to a "hold" rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Arteris in a report on Wednesday, October 8th. Finally, TD Cowen lifted their price target on Arteris from $15.00 to $16.50 and gave the company a "buy" rating in a research report on Wednesday, November 5th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.50.
View Our Latest Stock Report on Arteris
Institutional Investors Weigh In On Arteris
A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Arteris by 0.3% in the third quarter. Franklin Resources Inc. now owns 1,641,385 shares of the company's stock valued at $16,578,000 after acquiring an additional 4,214 shares during the period. Vanguard Group Inc. grew its stake in shares of Arteris by 8.2% in the third quarter. Vanguard Group Inc. now owns 1,594,402 shares of the company's stock worth $16,103,000 after purchasing an additional 120,947 shares during the last quarter. Westerly Capital Management LLC increased its holdings in Arteris by 109.6% during the 3rd quarter. Westerly Capital Management LLC now owns 1,425,000 shares of the company's stock valued at $14,392,000 after purchasing an additional 745,000 shares during the period. Acadian Asset Management LLC raised its position in Arteris by 9.6% during the 2nd quarter. Acadian Asset Management LLC now owns 987,011 shares of the company's stock valued at $9,403,000 after purchasing an additional 86,288 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Arteris by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 652,754 shares of the company's stock worth $6,222,000 after buying an additional 30,018 shares during the period. Institutional investors own 64.36% of the company's stock.
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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