Nicholas Hawkins Sells 6,421 Shares of Arteris (NASDAQ:AIP) Stock

Key Points

• Nicholas Hawkins, CFO of Arteris, sold **6,421 shares** of the company at an average price of **$13.21**, totaling **$84,821.41**, resulting in a **6.42% decrease** in his stock ownership.
• Arteris has a current **market capitalization of $575.35 million**, a **P/E ratio of -16.45**, and an analyst consensus rating of **"Moderate Buy"** with an average target price of **$15.00**.
• Recent institutional trading saw **Squarepoint Ops LLC** increase its holdings in Arteris by **143.8%**, bringing institutional ownership to **64.36%** of the company.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas Hawkins sold 6,421 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $13.21, for a total value of $84,821.41. Following the completion of the transaction, the chief financial officer owned 93,590 shares in the company, valued at $1,236,323.90. The trade was a 6.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Arteris Stock Performance

AIP traded up $0.54 during mid-day trading on Wednesday, reaching $13.49. The stock had a trading volume of 816,598 shares, compared to its average volume of 570,721. The stock has a market capitalization of $575.35 million, a P/E ratio of -16.45 and a beta of 1.45. The firm's fifty day simple moving average is $9.78 and its two-hundred day simple moving average is $8.50. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $14.58.

Arteris (NASDAQ:AIP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). The firm 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. As a group, analysts expect that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a research note on Wednesday. Wall Street Zen raised Arteris from a "sell" rating to a "hold" rating in a research note on Monday, September 15th. Finally, TD Cowen raised their price objective on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Arteris currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Institutional Trading of Arteris

Hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC grew its holdings in shares of Arteris by 143.8% in the 2nd quarter. Squarepoint Ops LLC now owns 120,957 shares of the company's stock valued at $1,153,000 after acquiring an additional 71,340 shares in the last quarter. Marex Group plc acquired a new stake in shares of Arteris in the 2nd quarter valued at approximately $395,000. State of Wyoming bought a new position in shares of Arteris in the second quarter valued at $455,000. Bank of America Corp DE grew its stake in shares of Arteris by 11.8% in the second quarter. Bank of America Corp DE now owns 57,093 shares of the company's stock valued at $544,000 after buying an additional 6,008 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Arteris during the second quarter worth $742,000. Institutional investors and hedge funds 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.

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