Acadian Asset Management LLC Has $6.22 Million Stock Holdings 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 boosted its position in Arteris, Inc. (NASDAQ:AIP - Free Report) by 40.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 900,723 shares of the company's stock after purchasing an additional 260,277 shares during the period. Acadian Asset Management LLC owned approximately 2.15% of Arteris worth $6,222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Needham Investment Management LLC lifted 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 purchasing an additional 67,500 shares during the period. Next Century Growth Investors LLC lifted its position in shares of Arteris by 46.4% during the 1st quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock valued at $2,817,000 after acquiring an additional 129,143 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Arteris by 97.2% during the 1st quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock valued at $2,260,000 after acquiring an additional 161,241 shares during the last quarter. Roubaix Capital LLC lifted its position in shares of Arteris by 33.2% during the 1st quarter. Roubaix Capital LLC now owns 281,450 shares of the company's stock valued at $1,945,000 after acquiring an additional 70,111 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Arteris by 48.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 249,517 shares of the company's stock valued at $1,724,000 after acquiring an additional 81,516 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arteris

In other news, Director Saiyed Atiq Raza sold 63,118 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $13.07, for a total value of $824,952.26. Following the transaction, the director directly owned 590,000 shares of the company's stock, valued at approximately $7,711,300. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO K Charles Janac sold 94,245 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $13.49, for a total transaction of $1,271,365.05. Following the completion of the transaction, the chief executive officer directly owned 189,785 shares in the company, valued at $2,560,199.65. This trade represents a 33.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 520,616 shares of company stock valued at $6,068,463. 29.10% of the stock is owned by insiders.

Arteris Stock Up 11.5%

Shares of AIP traded up $1.06 during mid-day trading on Thursday, reaching $10.29. The company's stock had a trading volume of 785,593 shares, compared to its average volume of 498,028. The business has a fifty day moving average of $9.48 and a 200 day moving average of $8.23. The company has a market cap of $438.87 million, a price-to-earnings ratio of -12.55 and a beta of 1.44. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $14.29.

Arteris (NASDAQ:AIP - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). The company had revenue of $16.50 million during 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, analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AIP shares. TD Cowen increased their price objective on Arteris from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Rosenblatt Securities reiterated a "buy" rating and set a $14.00 price objective on shares of Arteris in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded Arteris from a "sell" rating to a "hold" rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Arteris has an average rating of "Buy" and a consensus price target 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.