Arteris, Inc. (NASDAQ:AIP – Get Free Report) Director Saiyed Atiq Raza sold 70,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $30.01, for a total value of $2,100,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Saiyed Atiq Raza also recently made the following trade(s):
- On Wednesday, June 3rd, Saiyed Atiq Raza sold 20,839 shares of Arteris stock. The shares were sold at an average price of $37.39, for a total value of $779,170.21.
- On Monday, June 1st, Saiyed Atiq Raza sold 70,000 shares of Arteris stock. The stock was sold at an average price of $36.02, for a total value of $2,521,400.00.
Arteris Trading Up 2.2%
Arteris stock opened at $31.62 on Friday. The firm has a market cap of $1.46 billion, a PE ratio of -40.03 and a beta of 1.96. Arteris, Inc. has a 12 month low of $8.42 and a 12 month high of $50.26. The stock’s 50 day simple moving average is $36.06 and its two-hundred day simple moving average is $26.16. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.17.
Institutional Trading of Arteris
A number of hedge funds have recently bought and sold shares of the business. Westerly Capital Management LLC lifted its stake in Arteris by 109.6% in the 3rd 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 in the last quarter. Nuveen LLC grew its position in shares of Arteris by 872.3% in the fourth quarter. Nuveen LLC now owns 737,281 shares of the company’s stock valued at $11,428,000 after purchasing an additional 661,454 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Arteris by 144.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,012,670 shares of the company’s stock valued at $15,696,000 after purchasing an additional 598,840 shares during the last quarter. Granahan Investment Management LLC increased its holdings in shares of Arteris by 201.0% in the first quarter. Granahan Investment Management LLC now owns 713,077 shares of the company’s stock valued at $11,723,000 after purchasing an additional 476,181 shares during the last quarter. Finally, Informed Momentum Co LLC purchased a new position in Arteris during the fourth quarter worth approximately $5,755,000. Institutional investors and hedge funds own 64.36% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of Arteris in a report on Thursday, July 16th. They issued an “outperform” rating and a $40.00 price objective for the company. Roth Capital started coverage on shares of Arteris in a research note on Tuesday. They set a “buy” rating and a $40.00 target price on the stock. Weiss Ratings cut Arteris from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Arteris from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Rosenblatt Securities lifted their price target on Arteris from $20.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.50.
Read Our Latest Analysis on Arteris
Arteris News Roundup
Here are the key news stories impacting Arteris this week:
- Positive Sentiment: Arteris reported second-quarter revenue of $24.13 million, above the $23.48 million analyst consensus. More importantly, the company forecast third-quarter revenue of $24.0 million to $25.0 million and full-year 2026 revenue of $95.0 million to $98.0 million, both ahead of consensus estimates of $23.5 million and $94.2 million, respectively. The outlook suggests continued demand for Arteris’ semiconductor interconnect and system IP products. Arteris financial results and guidance
- Positive Sentiment: Roth Capital initiated coverage with a Buy rating and a $40 price target, while other analysts also maintain bullish targets. The new coverage adds support to the investment case and implies meaningful upside from recent trading levels. Roth Capital coverage
- Neutral Sentiment: Arteris appointed Saurabh Sinha as chief financial officer. The leadership change may improve investor focus on financial execution, although the announcement itself provides limited information about near-term earnings effects. Arteris CFO appointment
- Negative Sentiment: Second-quarter adjusted EPS was a loss of $0.10, missing the expected loss of $0.04 by $0.06. The larger-than-expected loss highlights ongoing profitability pressure despite the revenue beat. Arteris quarterly earnings
- Negative Sentiment: Several insiders reported sales, including CEO K. Charles Janac, Director Saiyed Atiq Raza, major shareholder Bayview Legacy, and Vice President Paul Alpern. While the sales represent relatively small portions of their remaining holdings in some cases, the concentration of insider selling could weigh on sentiment. Arteris insider selling
About Arteris
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.
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