Arteris (NASDAQ:AIP) VP Paul Alpern Sells 5,000 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul Alpern sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $10.31, for a total value of $51,550.00. Following the completion of the sale, the vice president directly owned 73,587 shares in the company, valued at $758,681.97. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Arteris Price Performance

AIP stock opened at $10.98 on Friday. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $14.29. The business has a fifty day moving average price of $9.65 and a 200-day moving average price of $8.42. The stock has a market capitalization of $468.30 million, a P/E ratio of -13.39 and a beta of 1.45.

Arteris (NASDAQ:AIP) last posted its quarterly earnings results 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 firm had revenue of $16.50 million during 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, analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current year.

Institutional Trading of Arteris

A number of hedge funds have recently bought and sold shares of the company. Needham Investment Management LLC increased its position in Arteris by 2.5% during the first quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company’s stock valued at $19,434,000 after acquiring an additional 67,500 shares during the last quarter. Franklin Resources Inc. grew its holdings in Arteris by 9.6% during the second quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company’s stock valued at $15,602,000 after purchasing an additional 142,936 shares during the period. Acadian Asset Management LLC grew its holdings in Arteris by 9.6% during the second quarter. Acadian Asset Management LLC now owns 987,011 shares of the company’s stock valued at $9,403,000 after purchasing an additional 86,288 shares during the period. Westerly Capital Management LLC grew its holdings in Arteris by 14.5% during the second quarter. Westerly Capital Management LLC now owns 680,000 shares of the company’s stock valued at $6,480,000 after purchasing an additional 85,950 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Arteris by 4.8% during the second quarter. Geode Capital Management LLC now owns 652,754 shares of the company’s stock valued at $6,222,000 after purchasing an additional 30,018 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

AIP has been the subject of several recent analyst reports. TD Cowen boosted their price target on Arteris from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Arteris in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.