Public Employees Retirement System of Ohio Takes $203,000 Position in Arteris, Inc. $AIP

Key Points

• The Public Employees Retirement System of Ohio acquired a new stake in Arteris, Inc., purchasing 21,300 shares valued at approximately $203,000.
• Analysts have varied opinions on Arteris, with Wall Street Zen upgrading the stock to a "hold" rating while Weiss Ratings maintained a "sell" rating; the average target price is set at $15.00.
• Insider activity includes COO Laurent R. Moll selling 42,692 shares for approximately $381,666, reflecting a 9.66% decrease in ownership.

Public Employees Retirement System of Ohio acquired a new stake in Arteris, Inc. (NASDAQ:AIP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,300 shares of the company's stock, valued at approximately $203,000. Public Employees Retirement System of Ohio owned approximately 0.05% of Arteris as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AIP. CWM LLC lifted its position in shares of Arteris by 4,810.1% in the first 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. purchased a new position in shares of Arteris in the first quarter valued at about $95,000. Kapitalo Investimentos Ltda purchased a new position in shares of Arteris in the second quarter valued at about $104,000. Strs Ohio purchased a new position in shares of Arteris in the first quarter valued at about $104,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Arteris in the fourth quarter valued at about $160,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, COO Laurent R. Moll sold 42,692 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $8.94, for a total transaction of $381,666.48. Following the transaction, the chief operating officer owned 399,379 shares of the company's stock, valued at approximately $3,570,448.26. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Bayview Legacy, Llc sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $13.12, for a total value of $656,000.00. Following 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. In the last ninety days, insiders sold 499,760 shares of company stock worth $6,008,129. Corporate insiders own 33.70% of the company's stock.

Arteris Price Performance

Shares of NASDAQ AIP opened at $13.58 on Tuesday. The business's 50 day moving average is $9.74 and its two-hundred day moving average is $8.47. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $14.58. The stock has a market capitalization of $579.19 million, a P/E ratio of -16.56 and a beta of 1.45.

Arteris (NASDAQ:AIP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.11) earnings per share 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 company had revenue of $16.50 million for the quarter, compared to analysts' expectations of $16.35 million. 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 earnings per share for the current fiscal year.

About Arteris

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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