Nicholas Hawkins Sells 3,660 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas Hawkins sold 3,660 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $8.69, for a total value of $31,805.40. Following the transaction, the chief financial officer directly owned 103,898 shares in the company, valued at approximately $902,873.62. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arteris Trading Up 3.1%

Shares of NASDAQ AIP opened at $8.93 on Friday. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $14.29. The stock has a 50 day moving average of $9.49 and a 200-day moving average of $8.22. The company has a market capitalization of $380.86 million, a P/E ratio of -10.89 and a beta of 1.44.

Arteris (NASDAQ:AIP) last issued its earnings results on Tuesday, August 5th. The company reported ($0.11) EPS 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 during the quarter, compared to the consensus estimate of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AIP has been the subject of several research analyst reports. TD Cowen lifted their target price on Arteris from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Rosenblatt Securities reiterated a “buy” rating and set a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st. Finally, Wall Street Zen downgraded Arteris from a “hold” rating to a “sell” rating in a research note on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.00.

Institutional Trading of Arteris

Several institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its stake in 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 purchasing an additional 71,340 shares during the period. Marex Group plc bought a new stake in Arteris in the 2nd quarter valued at $395,000. State of Wyoming bought a new stake in shares of Arteris in the second quarter valued at approximately $455,000. Bank of America Corp DE boosted 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 during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of Arteris in the second quarter valued at approximately $742,000. 64.36% of the stock is currently owned by institutional investors.

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.