Savant Capital LLC Purchases Shares of 10,226 Arteris, Inc. $AIP

Savant Capital LLC purchased a new position in shares of Arteris, Inc. (NASDAQ:AIP) during the second quarter, HoldingsChannel reports. The firm purchased 10,226 shares of the company’s stock, valued at approximately $97,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AlphaQuest LLC raised its position in Arteris by 65.1% during the 2nd quarter. AlphaQuest LLC now owns 64,504 shares of the company’s stock worth $615,000 after purchasing an additional 25,426 shares during the last quarter. Acuitas Investments LLC acquired a new stake in shares of Arteris in the second quarter valued at about $858,000. Public Employees Retirement System of Ohio bought a new position in shares of Arteris during the second quarter worth about $203,000. Kapitalo Investimentos Ltda acquired a new position in shares of Arteris in the second quarter worth approximately $104,000. Finally, Strs Ohio bought a new stake in Arteris in the first quarter valued at approximately $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arteris

In other news, COO Laurent R. Moll sold 42,692 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $8.94, for a total value of $381,666.48. Following the completion of the sale, the chief operating officer directly owned 399,379 shares in the company, valued at $3,570,448.26. This trade represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Paul L. Alpern sold 10,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $8.88, for a total value of $88,800.00. Following the completion of the sale, the vice president directly owned 73,587 shares of the company’s stock, valued at $653,452.56. The trade was a 11.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 503,980 shares of company stock worth $6,221,305 over the last quarter. Company insiders own 29.10% of the company’s stock.

Arteris Stock Up 0.9%

Shares of AIP stock opened at $12.74 on Friday. The firm has a 50 day moving average of $12.57 and a 200-day moving average of $10.14. The company has a market cap of $556.48 million, a price-to-earnings ratio of -15.35 and a beta of 1.49. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $15.92.

Arteris (NASDAQ:AIP) last issued 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 business had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.00 million. Arteris had a negative net margin of 52.25% and a negative return on equity of 8,546.17%. Arteris has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a report on Tuesday, October 28th. Cowen reiterated a “buy” rating on shares of Arteris in a research report on Wednesday, November 5th. Rosenblatt Securities lifted their target price on shares of Arteris from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Arteris in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Arteris has an average rating of “Moderate Buy” and a consensus price target of $17.50.

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.