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

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas Hawkins sold 6,421 shares of Arteris stock in a transaction on Tuesday, October 7th. The stock was 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 Securities & Exchange Commission, which is available at this link.

Arteris Stock Down 2.8%

NASDAQ:AIP opened at $13.11 on Friday. The stock has a fifty day simple moving average of $9.91 and a 200 day simple moving average of $8.57. The firm has a market capitalization of $559.14 million, a price-to-earnings ratio of -15.99 and a beta of 1.45. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $14.58.

Arteris (NASDAQ:AIP) last posted 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 company had revenue of $16.50 million during the quarter, compared to analyst estimates of $16.35 million. Arteris had a negative net margin of 52.41% and a negative return on equity of 8,546.17%. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of Arteris by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company’s stock valued at $6,222,000 after buying an additional 260,277 shares during the last quarter. AQR Capital Management LLC bought a new position in Arteris during the first quarter valued at approximately $1,621,000. Federated Hermes Inc. lifted its stake in Arteris by 97.2% in the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company’s stock valued at $2,260,000 after acquiring an additional 161,241 shares during the last quarter. Franklin Resources Inc. grew its position in Arteris by 9.6% in the second quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company’s stock worth $15,602,000 after acquiring an additional 142,936 shares in the last quarter. Finally, Next Century Growth Investors LLC grew its position in Arteris by 46.4% in the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company’s stock worth $2,817,000 after acquiring an additional 129,143 shares in the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIP. 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 research note on Wednesday, August 6th. Wall Street Zen upgraded Arteris from a “sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.