Key Points
- CEO K. Charles Janac sold 11,452 Arteris shares at an average price of $24.27, generating $277,940.04. His remaining stake fell 6.91% to 154,337 shares, following several earlier sales.
- Arteris shares opened at $24.13, well below their 52-week high of $50.26. The company recently missed quarterly EPS estimates, reported a 46.70% negative net margin, and analysts forecast a $0.68 loss per share for the year.
- Despite the insider selling, analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and a $39.43 average price target. Arteris also secured an additional $3.3 million in government funding to expand its semiconductor IP security initiative.
Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 5,600 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $24.64, for a total transaction of $137,984.00. Following the sale, the chief operating officer owned 206,878 shares of the company's stock, valued at $5,097,473.92. This trade represents a 2.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Arteris Stock Performance
Shares of AIP stock opened at $24.13 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -27.74 and a beta of 1.90. Arteris, Inc. has a 52 week low of $12.06 and a 52 week high of $50.26. The firm's 50-day simple moving average is $24.64 and its two-hundred day simple moving average is $28.67.
Arteris (NASDAQ:AIP - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Arteris had a negative net margin of 46.70% and a negative return on equity of 295.96%. The company had revenue of $24.13 million for the quarter, compared to the consensus estimate of $23.48 million. As a group, equities analysts forecast that Arteris, Inc. will post -0.68 earnings per share for the current year.
Institutional Investors Weigh In On Arteris
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Arteris in the second quarter worth $160,129,000. Granahan Investment Management LLC raised its stake in shares of Arteris by 201.0% during the 1st quarter. Granahan Investment Management LLC now owns 713,077 shares of the company's stock valued at $11,723,000 after purchasing an additional 476,181 shares during the period. Algert Global LLC bought a new stake in shares of Arteris during the 2nd quarter valued at $11,602,000. Bank of America Corp DE purchased a new stake in Arteris during the 2nd quarter worth about $7,686,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Arteris by 12,206.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,891 shares of the company's stock worth $7,672,000 after purchasing an additional 156,608 shares in the last quarter. Hedge funds and other institutional investors own 64.36% of the company's stock.
Key Arteris News
Here are the key news stories impacting Arteris this week:
- Positive Sentiment: Arteris announced an additional $3.3 million in funding from the Trusted and Assured Microelectronics program to expand its third-party semiconductor IP security-assurance initiative with BAE Systems and SiFive. The funding supports Arteris’ role in securing hardware design supply chains and could strengthen its positioning in government and advanced semiconductor projects. Arteris funding announcement
- Neutral Sentiment: CEO K. Charles Janac, COO Laurent Moll and VP Paul Alpern reported multiple stock sales totaling several hundred thousand dollars. The filings indicate that most of these transactions were made to cover tax-withholding obligations associated with vested equity awards, reducing their significance as a signal of declining confidence. Janac and Moll still retain substantial holdings. SEC filing for executive sales
- Negative Sentiment: Major shareholder Bayview Legacy LLC sold 100,000 shares for approximately $2.38 million, reducing its stake by 1.22%. The filing did not cite tax withholding as the reason, so the transaction may add some supply and weigh on investor sentiment, although Bayview continues to own more than 8.1 million shares. SEC filing for Bayview Legacy sale
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Weiss Ratings raised Arteris from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, August 21st. Rosenblatt Securities reaffirmed a "buy" rating and set a $38.00 price target on shares of Arteris in a research report on Friday, August 7th. Jefferies Financial Group upgraded Arteris from a "hold" rating to a "buy" rating and increased their price target for the stock from $35.00 to $50.00 in a research note on Friday, August 7th. Roth Capital started coverage on Arteris in a report on Tuesday, August 4th. They issued a "buy" rating and a $40.00 price objective for the company. Finally, Craig Hallum initiated coverage on Arteris in a research note on Monday, September 21st. They issued a "buy" rating and a $30.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Arteris currently has an average rating of "Moderate Buy" and a consensus price target of $39.43.
View Our Latest Research Report on Arteris
Arteris Company Profile
(
Get Free Report)
Arteris, Inc is a semiconductor intellectual property (IP) company that develops technologies used in the design of system-on-chip (SoC) devices. Its products help semiconductor and electronics companies connect, manage and protect the various processing, memory and other functional components integrated into complex chips.
The company's portfolio includes network-on-chip (NoC) interconnect IP, which supports communication among different elements within an SoC, as well as cache-coherent interconnect, system IP and related design technologies.
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