Arteris (NASDAQ:AIP) VP Sells 2,500 Shares

Arteris, Inc. (NASDAQ:AIP) VP Paul Alpern sold 2,500 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $16.00, for a total value of $40,000.00. Following the transaction, the vice president owned 61,968 shares of the company’s stock, valued at $991,488. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Arteris Price Performance

NASDAQ:AIP traded down $0.16 on Wednesday, reaching $17.42. 353,284 shares of the company’s stock were exchanged, compared to its average volume of 470,696. The firm has a market cap of $760.98 million, a price-to-earnings ratio of -20.99 and a beta of 1.48. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $19.85. The stock has a fifty day simple moving average of $15.20 and a 200-day simple moving average of $12.01.

Arteris (NASDAQ:AIP) last posted its earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The company had revenue of $17.41 million for the quarter, compared to analysts’ expectations of $17.00 million. As a group, sell-side analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Trading of Arteris

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of Arteris by 0.3% during the third quarter. Franklin Resources Inc. now owns 1,641,385 shares of the company’s stock worth $16,578,000 after acquiring an additional 4,214 shares in the last quarter. Vanguard Group Inc. raised its position in Arteris by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,594,402 shares of the company’s stock worth $16,103,000 after purchasing an additional 120,947 shares during the period. Westerly Capital Management LLC lifted its stake in Arteris by 109.6% in the third quarter. Westerly Capital Management LLC now owns 1,425,000 shares of the company’s stock worth $14,392,000 after purchasing an additional 745,000 shares during the last quarter. Acadian Asset Management LLC grew its stake 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 valued at $9,403,000 after buying an additional 86,288 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Arteris by 4.8% in 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 period. Institutional investors own 64.36% of the company’s stock.

Key Arteris News

Here are the key news stories impacting Arteris this week:

• Positive Sentiment: Several institutional investors increased or initiated positions (AQR, Acadian, Jacobs Levy, IEQ), signaling continued institutional interest that can support the stock. MarketBeat: Arteris overview
• Neutral Sentiment: Recent quarterly results: Arteris reported EPS of ($0.09) vs. consensus ($0.11) and revenue $17.41M vs. $17.00M — a small beat that supports fundamentals but the company remains unprofitable on a GAAP basis. Analysts have a consensus target ~ $17.50 (Moderate Buy). MarketBeat: Earnings & analyst notes
• Neutral Sentiment: Technical/context: AIP is trading above its 50-day ($15.20) and 200-day ($12.01) moving averages, which can limit downside for some technical traders. MarketBeat: Price data
• Negative Sentiment: Heavy insider selling this week: CEO K. Charles Janac, COO Laurent Moll, CFO Nicholas Hawkins and VP Paul Alpern sold multiple blocks (several thousand shares each) at prices roughly $15.45–$16.89 across Jan. 2–6. Collective insider sales reduce insider ownership and can be interpreted negatively by the market even though insiders still hold sizable stakes. InsiderTrades: Jan 7 summary

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AIP shares. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Arteris in a research report on Monday, December 15th. Cowen reissued a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Jefferies Financial Group raised shares of Arteris to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen raised Arteris from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Arteris has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Arteris Company Profile

Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.

Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.