Paul L. Alpern Sells 10,000 Shares of Arteris (NASDAQ:AIP) Stock

Key Points

• Paul Alpern, VP of Arteris, sold 10,000 shares of stock for $88,800, resulting in a 11.96% decrease in his ownership.
• Arteris reported an average EPS of ($0.11) for the last quarter, with revenue of $16.50 million, surpassing estimates.
• Several institutional investors increased their stakes in Arteris, with Squarepoint Ops LLC increasing its position by 143.8% during the second quarter.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) VP Paul L. Alpern sold 10,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $8.88, for a total transaction of $88,800.00. Following the completion of the sale, the vice president owned 73,587 shares of the company's stock, valued at approximately $653,452.56. This represents a 11.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Arteris Price Performance

Shares of NASDAQ:AIP traded down $0.42 during trading hours on Friday, hitting $9.87. The company's stock had a trading volume of 726,449 shares, compared to its average volume of 494,242. The firm's fifty day moving average price is $9.49 and its 200 day moving average price is $8.24. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $14.29. The company has a market capitalization of $420.96 million, a price-to-earnings ratio of -12.04 and a beta of 1.44.

Arteris (NASDAQ:AIP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $16.50 million for the quarter, compared to the consensus estimate of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIP. Wall Street Zen raised shares of Arteris from a "sell" rating to a "hold" rating in a research report on Monday, September 15th. TD Cowen boosted 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. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $15.00.

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its stake in Arteris by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after purchasing an additional 260,277 shares during the period. AQR Capital Management LLC acquired a new stake in Arteris during the 1st quarter worth $1,621,000. Federated Hermes Inc. boosted its stake in Arteris by 97.2% during the 1st quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after purchasing an additional 161,241 shares during the period. Franklin Resources Inc. boosted its stake in Arteris by 9.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company's stock worth $15,602,000 after purchasing an additional 142,936 shares during the period. Finally, Next Century Growth Investors LLC boosted its stake in Arteris by 46.4% during the 1st quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock worth $2,817,000 after purchasing an additional 129,143 shares during the period. Hedge funds and other institutional investors 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.