Nicholas B. Hawkins Sells 3,660 Shares of Arteris (NASDAQ:AIP) Stock

Key Points

• Arteris CFO Nicholas Hawkins sold 3,660 shares at an average price of $8.69, totaling approximately $31,805, and now owns 103,898 shares valued at around $902,873.
• The company's stock has a market capitalization of $369.35 million and a current price-to-earnings ratio of -10.56.
• Three analysts have rated Arteris with a Buy rating and the stock has an average price target of $15.00.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 3,660 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $8.69, for a total transaction of $31,805.40. Following the transaction, the chief financial officer owned 103,898 shares in the company, valued at $902,873.62. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Arteris Stock Up 2.1%

NASDAQ AIP traded up $0.18 on Monday, reaching $8.93. 393,742 shares of the company's stock traded hands, compared to its average volume of 510,660. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $14.29. The stock has a 50-day simple moving average of $9.47 and a 200 day simple moving average of $8.20.

Arteris (NASDAQ:AIP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). Arteris had a negative net margin of 52.41% and a negative return on equity of 8,546.17%. The business had revenue of $16.50 million for the quarter, compared to analysts' expectations of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

AIP has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Arteris from a "sell" rating to a "hold" rating in a report on Monday. Rosenblatt Securities restated a "buy" rating and issued a $14.00 target price on shares of Arteris in a report on Wednesday, May 21st. Finally, TD Cowen raised their target price on shares of Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $15.00.

Institutional Trading of Arteris

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Arteris in the second quarter valued at $32,000. GAMMA Investing LLC boosted its holdings in Arteris by 11,823.3% in the first quarter. GAMMA Investing LLC now owns 5,127 shares of the company's stock valued at $350,000 after acquiring an additional 5,084 shares in the last quarter. CWM LLC boosted its holdings in Arteris by 4,810.1% in the first quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after acquiring an additional 10,005 shares in the last quarter. Savant Capital LLC bought a new stake in Arteris in the second quarter valued at $97,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in Arteris in the fourth quarter valued at $110,000. Institutional investors own 64.36% of the company's stock.

About Arteris

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and System-on-Chip (Soc) Integration Automation software solutions (SIA) in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in Soc designs and Network-on-Chip (NoC) interconnect IP.