China smartphone shipments slumped in June on inventory overhang: Jefferies
Moll Laurent R, the Chief Operating Officer of Arteris , Inc. (NASDAQ:AIP), has recently sold shares of the company’s common stock. According to a filing submitted to the Securities and Exchange Commission, Laurent sold 193 shares at a price of $8.19 per share on March 5, 2025. The total value of the transaction amounted to $1,580. The sale comes as the stock has experienced a significant 13% decline over the past week, though InvestingPro data shows the company maintains impressive gross profit margins of nearly 90%.
Following this sale, Laurent’s direct ownership of Arteris stock stands at 487,536 shares. The transaction was executed as part of a 10b5-1 trading plan, which had been adopted by Laurent on March 15, 2024. According to InvestingPro analysis, while Arteris holds more cash than debt, the company’s overall financial health score remains weak. Discover more insights and 5 additional ProTips with an InvestingPro subscription.
In other recent news, Arteris, Inc. has seen significant developments that may interest investors. The company reported revenue that met expectations for the quarter, with guidance aligning with forecasts. Northland analysts raised their price target for Arteris from $14.00 to $16.00, maintaining an Outperform rating, citing the successful launch of the new FlexGen product. The FlexGen solution is expected to provide a 30% average selling price uplift, with 13 customers currently evaluating it, indicating potential revenue growth.
Jefferies also adjusted its price target for Arteris, increasing it from $7.00 to $11.00, while keeping a Hold rating. This revision reflects Arteris’ progress in the microcontroller unit market, marked by a notable win at IFX. Despite these positive signs, Jefferies remains cautious, awaiting more evidence of improved execution in MCU and FlexGen license sales. Arteris’ recent strategic moves and product introductions suggest a shift that could enhance its financials in the coming years.
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