Acadian Asset Management LLC Raises Stake in Arteris, Inc. $AIP

Key Points

• Acadian Asset Management LLC increased its stake in Arteris, Inc. by 40.6% in the 1st quarter, owning 900,723 shares valued at approximately $6.22 million.
• Institutional investors own 64.36% of Arteris' stock, with several firms making significant changes to their positions, indicating strong institutional interest.
• TD Cowen raised its target price for Arteris from $12.00 to $15.00 and assigned a "buy" rating, while the average target price among analysts is $15.00, reflecting positive sentiment towards the company's stock.

Acadian Asset Management LLC lifted its position in shares of Arteris, Inc. (NASDAQ:AIP - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 900,723 shares of the company's stock after acquiring an additional 260,277 shares during the period. Acadian Asset Management LLC owned about 2.15% of Arteris worth $6,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC raised its position in shares of Arteris by 4,810.1% during the 1st 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. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Arteris during the first quarter valued at $95,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Arteris during the fourth quarter valued at $110,000. Price T Rowe Associates Inc. MD acquired a new position in Arteris during the fourth quarter worth about $117,000. Finally, PVG Asset Management Corp acquired a new position in Arteris during the fourth quarter worth about $151,000. 64.36% of the stock is owned by institutional investors and hedge funds.

Arteris Price Performance

Shares of AIP stock opened at $8.75 on Friday. The stock's fifty day simple moving average is $9.48 and its 200 day simple moving average is $8.21. The firm has a market cap of $373.19 million, a price-to-earnings ratio of -10.67 and a beta of 1.44. Arteris, Inc. has a one year low of $5.46 and a one year high of $14.29.

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

Insiders Place Their Bets

In other Arteris news, Director Saiyed Atiq Raza sold 63,118 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $13.07, for a total value of $824,952.26. Following the transaction, the director owned 590,000 shares of the company's stock, valued at approximately $7,711,300. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bayview Legacy, Llc sold 50,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $13.12, for a total value of $656,000.00. Following the completion of the transaction, the insider directly owned 9,839,071 shares in the company, valued at approximately $129,088,611.52. This represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 510,616 shares of company stock worth $5,979,663 in the last three months. Company insiders own 29.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AIP. TD Cowen lifted their target price on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen lowered Arteris from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $14.00 price target on shares of Arteris in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $15.00.

Arteris 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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