Antonio J Viana, a director at Arteris, Inc. (NASDAQ:AIP), executed a structured sale of company common stock valued at $760,879 on June 4, 2026. The transaction involved the disposal of 20,839 shares, priced between $35.4661 and $37.089 per share, conducted indirectly through the Viana Family Trust. This sale follows a 348% return over the past year and occurs as the stock trades near its 52-week high of $38.99. According to InvestingPro analysis, the stock is considered overvalued relative to its Fair Value.
The sale was executed under a 10b5-1 trading plan adopted on June 10, 2025. On the same date, Mr. Viana transferred an additional 20,839 shares from direct ownership to the Viana Family Trust, a non-monetary transaction. Post-transaction, Mr. Viana holds 4,704 shares directly, while the trust holds 64,620 shares.
In related corporate news, Arteris reported first-quarter 2026 earnings per share of -$0.03, beating the forecast of -$0.07, with revenue at $22.94 million, surpassing the expected $21.03 million. TD Cowen raised its price target to $40 from $22, maintaining a Buy rating, citing growth in AI and automotive sectors. Arteris technology, including FlexNoC 5 NoC interconnect IP and Magillem SoC integration automation software, has been deployed in Li Auto’s L9 Livis SUV.
Meanwhile, Intel Corp. received a market perform rating from Northland, which noted its progress against Taiwan Semiconductor Manufacturing Co. and Advanced Micro Devices Inc. in the server CPU market.