Arteris (NASDAQ:AIP) CFO Nicholas Hawkins Sells 3,887 Shares

Key Points

• Arteris CFO Nicholas Hawkins sold 3,887 shares of the company on October 2nd at an average price of $10.92, reducing his total holdings by 3.74% to 100,011 shares.
• Despite the insider sale, Arteris has seen a significant increase in its stock price, trading up to $13.58 recently, with a market cap of approximately $579.19 million.
• Research analysts have mixed ratings on Arteris, with TD Cowen upgrading its price objective from $12.00 to $15.00, while Weiss Ratings maintained a "sell" rating.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas Hawkins sold 3,887 shares of Arteris stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $10.92, for a total value of $42,446.04. Following the transaction, the chief financial officer owned 100,011 shares in the company, valued at approximately $1,092,120.12. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Arteris Stock Performance

Shares of NASDAQ AIP traded up $2.60 during trading on Monday, reaching $13.58. The stock had a trading volume of 4,397,458 shares, compared to its average volume of 565,523. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $14.58. The company has a market cap of $579.19 million, a P/E ratio of -16.56 and a beta of 1.45. The business's 50-day moving average price is $9.65 and its 200-day moving average price is $8.43.

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

Analyst Upgrades and Downgrades

AIP has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Arteris in a report on Saturday, September 27th. TD Cowen boosted their price objective on Arteris from $12.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Arteris from a "sell" rating to a "hold" rating in a report on Monday, September 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arteris currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Institutional Trading of Arteris

Several hedge funds have recently modified their holdings of the company. Needham Investment Management LLC increased its holdings in shares of Arteris by 2.5% in the first quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock valued at $19,434,000 after purchasing an additional 67,500 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Arteris by 9.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company's stock valued at $15,602,000 after buying an additional 142,936 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Arteris by 9.6% in the 2nd quarter. Acadian Asset Management LLC now owns 987,011 shares of the company's stock valued at $9,403,000 after buying an additional 86,288 shares during the period. Westerly Capital Management LLC grew its holdings in shares of Arteris by 14.5% in the 2nd quarter. Westerly Capital Management LLC now owns 680,000 shares of the company's stock valued at $6,480,000 after buying an additional 85,950 shares during the period. Finally, Geode Capital Management LLC lifted its position in Arteris by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 652,754 shares of the company's stock valued at $6,222,000 after acquiring an additional 30,018 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company's stock.

Arteris Company Profile

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.

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