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

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 23,762 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $10.98, for a total transaction of $260,906.76. Following the completion of the sale, the chief operating officer directly owned 362,639 shares in the company, valued at approximately $3,981,776.22. This represents a 6.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Arteris Stock Up 23.7%

Shares of NASDAQ:AIP opened at $13.58 on Tuesday. The firm has a market cap of $579.19 million, a P/E ratio of -16.56 and a beta of 1.45. Arteris, Inc. has a 12-month low of $5.46 and a 12-month high of $14.58. The business has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $8.47.

Arteris (NASDAQ:AIP) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.

Hedge Funds Weigh In On Arteris

Several institutional investors have recently made changes to their positions in AIP. Needham Investment Management LLC raised its stake in Arteris by 2.5% during the 1st quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company’s stock worth $19,434,000 after buying an additional 67,500 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Arteris by 9.6% in the 2nd 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 in the last quarter. Acadian Asset Management LLC grew its position in Arteris by 9.6% in the 2nd 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 increased its stake in Arteris by 14.5% during the 2nd 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 in the last quarter. Finally, Geode Capital Management LLC raised 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 worth $6,222,000 after buying an additional 30,018 shares during the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. TD Cowen boosted their target price on shares of Arteris from $12.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Arteris in a report on Saturday, September 27th. Three investment 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, Arteris currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.