Arteris (NASDAQ:AIP) Major Shareholder Bayview Legacy, Llc Sells 70,000 Shares

Arteris, Inc. (NASDAQ:AIP - Get Free Report) major shareholder Bayview Legacy, Llc sold 70,000 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $31.20, for a total transaction of $2,184,000.00. Following the sale, the insider directly owned 9,049,071 shares of the company's stock, valued at approximately $282,331,015.20. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

• 3 Under-The-Radar Small Caps Making New All-Time Highs

Bayview Legacy, Llc also recently made the following trade(s):

• On Wednesday, April 8th, Bayview Legacy, Llc sold 70,000 shares of Arteris stock. The stock was sold at an average price of $19.04, for a total transaction of $1,332,800.00.
• On Tuesday, March 10th, Bayview Legacy, Llc sold 9,000 shares of Arteris stock. The stock was sold at an average price of $14.66, for a total transaction of $131,940.00.
• On Monday, March 9th, Bayview Legacy, Llc sold 41,000 shares of Arteris stock. The stock was sold at an average price of $14.21, for a total transaction of $582,610.00.

Arteris Trading Down 2.1%

---

---

Shares of Arteris stock opened at $32.43 on Wednesday. The company has a fifty day moving average price of $20.37 and a 200 day moving average price of $17.15. Arteris, Inc. has a twelve month low of $6.88 and a twelve month high of $33.46. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -39.55 and a beta of 1.93.

• 3 Straightforward ETF Plays to Build AI Exposure Into a Portfolio

Arteris (NASDAQ:AIP - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The business had revenue of $20.14 million for the quarter, compared to analysts' expectations of $18.55 million. Analysts forecast that Arteris, Inc. will post -0.68 earnings per share for the current year.

Hedge Funds Weigh In On Arteris

A number of large investors have recently bought and sold shares of the business. Intech Investment Management LLC increased its stake in shares of Arteris by 9.3% in the fourth quarter. Intech Investment Management LLC now owns 13,540 shares of the company's stock valued at $210,000 after purchasing an additional 1,148 shares during the period. Deutsche Bank AG increased its stake in shares of Arteris by 7.7% in the fourth quarter. Deutsche Bank AG now owns 21,159 shares of the company's stock valued at $328,000 after purchasing an additional 1,504 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Arteris by 75.0% in the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company's stock valued at $61,000 after purchasing an additional 2,595 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Arteris by 12.3% in the third quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company's stock valued at $242,000 after purchasing an additional 2,613 shares during the period. Finally, Strs Ohio increased its stake in shares of Arteris by 16.5% in the third quarter. Strs Ohio now owns 20,500 shares of the company's stock valued at $207,000 after purchasing an additional 2,900 shares during the period. Institutional investors own 64.36% of the company's stock.

Analyst Ratings Changes

• Small Cap, Big Potential: 3 Tech Disruptors You Should Know About

AIP has been the subject of a number of analyst reports. Wall Street Zen cut shares of Arteris from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a research report on Monday, April 20th. 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. Finally, Northland Securities set a $24.00 price objective on shares of Arteris in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Arteris currently has an average rating of "Hold" and an average price target of $20.17.

Check Out Our Latest Analysis on Arteris

Arteris News Roundup

Here are the key news stories impacting Arteris this week:

• Positive Sentiment: Arteris posted a smaller-than-expected Q1 loss of $0.03 per share, beating the consensus loss estimate of $0.08 and improving from a $0.09 loss a year ago. Article Title
• Positive Sentiment: Revenue came in at $22.94 million, ahead of the $21.03 million estimate, showing stronger-than-expected demand and execution. Article Title
• Positive Sentiment: Management raised second-quarter and full-year revenue guidance, with Q2 sales expected at $23.0 million-$24.0 million and FY2026 revenue projected at $91.0 million-$95.0 million, both at or above analyst expectations. Article Title
• Neutral Sentiment: The company also released its earnings call transcript and investor materials, which may provide additional detail on growth drivers, margins, and customer momentum. Article Title

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.

Further Reading

• Five stocks we like better than Arteris
• Navy Catalyst Ignites Odysight’s Growth Engine
• AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
• Axon Surged After Earnings and Is Still Down Over 50% From Highs
• The Event That Could Redefine Apple’s Summer Rally

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].