Laurent Moll Sells 23,762 Shares of Arteris (NASDAQ:AIP) Stock

Key Points

• COO Laurent Moll of Arteris, Inc. sold 23,762 shares of the company's stock for approximately $260,906.76, reducing his ownership to 362,639 shares.
• Arteris stock has seen a significant increase of 23.7%, trading at $13.58 after the sale, with a market capitalization of $579.19 million.
• Analysts have varied opinions on Arteris, with a consensus target price of $15.00, indicating moderate optimism balanced by some sell ratings.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 23,762 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $10.98, for a total value of $260,906.76. Following the completion of the sale, the chief operating officer owned 362,639 shares in the company, valued at approximately $3,981,776.22. This represents a 6.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Arteris Stock Up 23.7%

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

Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $16.50 million for the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arteris

Several hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC boosted its holdings in shares of Arteris by 2.5% during 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 last quarter. Franklin Resources Inc. boosted its holdings in shares of Arteris by 9.6% during the second 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 last quarter. Acadian Asset Management LLC boosted its holdings in shares of Arteris by 9.6% during the second quarter. Acadian Asset Management LLC now owns 987,011 shares of the company's stock worth $9,403,000 after purchasing an additional 86,288 shares during the last quarter. Westerly Capital Management LLC boosted its holdings in shares of Arteris by 14.5% during the second quarter. Westerly Capital Management LLC now owns 680,000 shares of the company's stock worth $6,480,000 after purchasing an additional 85,950 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Arteris by 4.8% during the second quarter. Geode Capital Management LLC now owns 652,754 shares of the company's stock worth $6,222,000 after purchasing an additional 30,018 shares during the last quarter. Institutional investors and hedge funds own 64.36% of the company's stock.

Wall Street Analyst Weigh In

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

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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