Key Points
- Saiyed Atiq Raza sold 72,940 Arteris shares on April 17 at an average price of $22.16 for $1,616,350.40, leaving him with 317,060 shares — an 18.7% ownership reduction.
- He has sold about 290,000 shares in multiple trades from late February through April; Arteris (AIP) trades near $23.58 (12‑month range $5.72–$24.10) with a $1.07 billion market cap, recently beat EPS and revenue estimates, but the consensus analyst rating is "Hold" with an average $20.17 price target.
Arteris, Inc. (NASDAQ:AIP - Get Free Report) Director Saiyed Atiq Raza sold 17,060 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $22.16, for a total transaction of $378,049.60. Following the transaction, the director directly owned 300,000 shares of the company's stock, valued at approximately $6,648,000. This represents a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Saiyed Atiq Raza also recently made the following trade(s):
- On Friday, April 17th, Saiyed Atiq Raza sold 72,940 shares of Arteris stock. The shares were sold at an average price of $22.16, for a total transaction of $1,616,350.40.
- On Wednesday, March 4th, Saiyed Atiq Raza sold 3,690 shares of Arteris stock. The shares were sold at an average price of $17.02, for a total transaction of $62,803.80.
- On Monday, March 2nd, Saiyed Atiq Raza sold 106,031 shares of Arteris stock. The shares were sold at an average price of $17.21, for a total transaction of $1,824,793.51.
- On Friday, February 27th, Saiyed Atiq Raza sold 11,762 shares of Arteris stock. The stock was sold at an average price of $17.01, for a total value of $200,071.62.
- On Thursday, February 26th, Saiyed Atiq Raza sold 73,610 shares of Arteris stock. The stock was sold at an average price of $17.14, for a total value of $1,261,675.40.
- On Wednesday, February 25th, Saiyed Atiq Raza sold 4,907 shares of Arteris stock. The stock was sold at an average price of $17.00, for a total value of $83,419.00.
Arteris Stock Performance
Shares of NASDAQ:AIP opened at $23.58 on Wednesday. Arteris, Inc. has a 1 year low of $5.72 and a 1 year high of $24.10. The stock has a market capitalization of $1.07 billion, a P/E ratio of -28.76 and a beta of 1.43. The stock has a 50-day simple moving average of $16.88 and a 200-day simple moving average of $15.76.
Arteris (NASDAQ:AIP - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The firm had revenue of $20.14 million for the quarter, compared to analysts' expectations of $18.55 million. Analysts predict that Arteris, Inc. will post -0.68 earnings per share for the current year.
Analyst Upgrades and Downgrades
AIP has been the topic of several research reports. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price objective on shares of Arteris in a research report on Friday, February 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Arteris in a research report on Wednesday, January 21st. Wall Street Zen raised Arteris from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Finally, Northland Securities set a $24.00 target price on Arteris in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.17.
Check Out Our Latest Report on Arteris
Hedge Funds Weigh In On Arteris
Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in Arteris in the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets boosted its holdings in Arteris by 75.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company's stock worth $61,000 after acquiring an additional 2,595 shares during the period. Strs Ohio purchased a new position in Arteris in the 1st quarter worth approximately $104,000. Penn Capital Management Company LLC purchased a new position in Arteris in the 3rd quarter worth approximately $109,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Arteris in the 3rd quarter worth approximately $113,000. Hedge funds and other 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.
See Also
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].
