Arteris (NASDAQ:AIP) COO Sells $217,752.00 in Stock

Key Points

• Arteris COO Laurent Moll sold 17,200 shares of the company's stock for $217,752, reducing his ownership by 4.76% to 343,885 shares valued at approximately $4.35 million.
• Arteris stock is up 23.7%, reaching $13.58, with a market capitalization of $579.19 million and a 12-month high of $14.58.
• Analysts have mixed ratings for Arteris, with a majority giving it a "Moderate Buy" consensus and a target price of $15.00, despite one firm issuing a "sell" rating.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 17,200 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $12.66, for a total transaction of $217,752.00. Following the sale, the chief operating officer directly owned 343,885 shares in the company, valued at $4,353,584.10. This trade represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Arteris Stock Up 23.7%

AIP traded up $2.60 during trading on Monday, reaching $13.58. 4,397,458 shares of the stock traded hands, compared to its average volume of 565,523. The stock has a market capitalization of $579.19 million, a PE ratio of -16.56 and a beta of 1.45. The stock's 50-day moving average is $9.65 and its 200 day moving average is $8.43. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $14.58.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AIP. Needham Investment Management LLC grew its position in Arteris by 2.5% in the first quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock worth $19,434,000 after acquiring an additional 67,500 shares in the last quarter. Franklin Resources Inc. grew its position in Arteris by 9.6% in the second quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company's stock worth $15,602,000 after acquiring an additional 142,936 shares in the last quarter. Acadian Asset Management LLC grew its position in Arteris by 9.6% in the second quarter. Acadian Asset Management LLC now owns 987,011 shares of the company's stock worth $9,403,000 after acquiring an additional 86,288 shares in the last quarter. Westerly Capital Management LLC grew its position in Arteris by 14.5% in the second quarter. Westerly Capital Management LLC now owns 680,000 shares of the company's stock worth $6,480,000 after acquiring an additional 85,950 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Arteris by 4.8% in the second quarter. Geode Capital Management LLC now owns 652,754 shares of the company's stock worth $6,222,000 after acquiring an additional 30,018 shares in the last quarter. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AIP shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a research report on Saturday, September 27th. TD Cowen lifted their target price on shares of Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Arteris from a "sell" rating to a "hold" rating in a report on Monday, September 15th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Arteris presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

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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