Insider Selling: Arteris (NASDAQ:AIP) COO Sells 5,600 Shares of Company Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 5,600 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $24.64, for a total value of $137,984.00. Following the completion of the sale, the chief operating officer directly owned 206,878 shares of the company’s stock, valued at approximately $5,097,473.92. The trade was a 2.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Arteris Trading Up 0.7%

Shares of Arteris stock traded up $0.16 during midday trading on Tuesday, reaching $24.13. The company had a trading volume of 476,272 shares, compared to its average volume of 728,847. The stock has a fifty day moving average price of $24.73 and a 200 day moving average price of $28.61. Arteris, Inc. has a fifty-two week low of $12.06 and a fifty-two week high of $50.26. The firm has a market cap of $1.19 billion, a PE ratio of -27.74 and a beta of 1.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.

Arteris (NASDAQ:AIP) last released its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Arteris had a negative net margin of 46.70% and a negative return on equity of 295.96%. The firm had revenue of $24.13 million for the quarter, compared to analyst estimates of $23.48 million. On average, equities analysts anticipate that Arteris, Inc. will post -0.68 earnings per share for the current year.

Arteris News Summary

Here are the key news stories impacting Arteris this week:

• Positive Sentiment: Arteris won an additional $3.3 million through the Trusted and Assured Microelectronics program to expand its third-party semiconductor IP security-assurance efforts. The company is collaborating with BAE Systems and SiFive, potentially strengthening its position in defense-related and trusted-chip supply chains. Arteris funding announcement
• Neutral Sentiment: CEO K. Charles Janac and Vice President Paul Alpern sold shares, but the filings state the transactions were made to cover tax withholding obligations related to vested equity awards. Because these were tax-related sales rather than clearly discretionary trades, they provide a limited signal about management’s outlook. SEC filing for executive share sales
• Negative Sentiment: Major shareholder Bayview Legacy LLC sold 100,000 shares for approximately $2.38 million, reducing its ownership by 1.22%. The filing did not cite tax withholding as the reason, so the sale could create modest supply pressure and raise concerns about near-term shareholder confidence. SEC filing for Bayview Legacy share sale

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AIP. Roth Capital initiated coverage on shares of Arteris in a research note on Tuesday, August 4th. They set a “buy” rating and a $40.00 target price for the company. Craig Hallum initiated coverage on shares of Arteris in a research report on Monday, September 21st. They set a “buy” rating and a $30.00 price target on the stock. Oppenheimer began coverage on Arteris in a research report on Thursday, July 16th. They issued an “outperform” rating and a $40.00 price objective for the company. Weiss Ratings upgraded Arteris from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 21st. Finally, Jefferies Financial Group upgraded Arteris from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $50.00 in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arteris has a consensus rating of “Moderate Buy” and an average price target of $39.43.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in Arteris by 33.7% during the second quarter. Versant Capital Management Inc now owns 1,150 shares of the company’s stock worth $56,000 after buying an additional 290 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Arteris in the 2nd quarter valued at $53,000. Allworth Financial LP bought a new position in Arteris during the 2nd quarter valued at $87,000. Wellington Management Group LLP lifted its stake in Arteris by 0.4% during the 2nd quarter. Wellington Management Group LLP now owns 500,200 shares of the company’s stock valued at $24,305,000 after acquiring an additional 1,897 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Arteris by 366.7% during the 1st quarter. Royal Bank of Canada now owns 4,023 shares of the company’s stock worth $66,000 after acquiring an additional 3,161 shares during the last quarter. Institutional investors own 64.36% of the company’s stock.

Arteris Company Profile

Arteris, Inc is a semiconductor intellectual property (IP) company that develops technologies used in the design of system-on-chip (SoC) devices. Its products help semiconductor and electronics companies connect, manage and protect the various processing, memory and other functional components integrated into complex chips.

The company’s portfolio includes network-on-chip (NoC) interconnect IP, which supports communication among different elements within an SoC, as well as cache-coherent interconnect, system IP and related design technologies.