Arteris (AIP)


Market Price (9/14/2026): $22.68 | Market Cap: $1.1 BilSector: Information Technology | Industry: Semiconductors

Arteris (AIP)


Market Price (9/14/2026): $22.68
Market Cap: $1.1 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Electric Vehicles & Autonomous Driving. Themes include AI Chips, Edge AI, Show more.

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -38 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -44%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 126x

Stock price has recently run up significantly
12M Rtn12 month market price return is 159%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.8%

Key risks
AIP key risks include [1] its high revenue concentration and dependence on the product launch success of a few key customers, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
3 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Electric Vehicles & Autonomous Driving. Themes include AI Chips, Edge AI, Show more.
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -38 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -44%
5 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 126x
6 Stock price has recently run up significantly
12M Rtn12 month market price return is 159%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.8%
9 Key risks
AIP key risks include [1] its high revenue concentration and dependence on the product launch success of a few key customers, Show more.

AIP in ETFs

Weight = AIP's share of each fund

VTI0.00%
ITOT0.00%
IWM0.03%
IWO0.05%
VTWO0.03%
IGV0.02%
IWN0.00%
IWV0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/8/2026

Arteris (AIP) stock has lost about 35% since 5/31/2026 because of the following key factors:

1. Wider-than-expected operating losses persisted despite strong revenue growth.

In fiscal Q2 2026, which ended June 30, 2026, Arteris reported a GAAP operating loss of $13.9 million, a significant increase from an $8.2 million loss in fiscal Q2 2025. The non-GAAP operating loss of $4.6 million also exceeded the company's own guidance of $2 million to $3 million, despite revenue of $24.13 million surpassing analyst estimates of $23.48 million and growing 46% year-over-year. This indicated continued challenges in achieving profitability.

2. Significant share dilution occurred through equity offerings.

Arteris increased its total shares outstanding by approximately 11%, adding 4.78 million new shares between December 31, 2025, and June 30, 2026. This dilution was primarily a result of an at-the-market equity offering that raised $72.5 million in the first half of 2026.

Show more
Updated on 9/8/2026

Arteris (AIP) stock has lost about 35% since 5/31/2026 because of the following key factors:

1. Wider-than-expected operating losses persisted despite strong revenue growth.

In fiscal Q2 2026, which ended June 30, 2026, Arteris reported a GAAP operating loss of $13.9 million, a significant increase from an $8.2 million loss in fiscal Q2 2025. The non-GAAP operating loss of $4.6 million also exceeded the company's own guidance of $2 million to $3 million, despite revenue of $24.13 million surpassing analyst estimates of $23.48 million and growing 46% year-over-year. This indicated continued challenges in achieving profitability.

2. Significant share dilution occurred through equity offerings.

Arteris increased its total shares outstanding by approximately 11%, adding 4.78 million new shares between December 31, 2025, and June 30, 2026. This dilution was primarily a result of an at-the-market equity offering that raised $72.5 million in the first half of 2026.

3. New CFO compensation terms implied a more conservative long-term growth outlook.

On August 6, 2026, Arteris announced the appointment of a new Chief Financial Officer, effective September 8, 2026. The terms of the new CFO's performance award included a long-range forecast of $200 million in trailing revenue by the end of 2030, which implies a compound annual growth rate of 20%. This figure is notably lower than the 46% year-over-year revenue growth reported in fiscal Q2 2026, potentially signaling management's more conservative expectations for future growth.

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Stock Movement Drivers

Fundamental Drivers

The -36.9% change in AIP stock from 5/31/2026 to 9/13/2026 was primarily driven by a -40.4% change in the company's P/S Multiple.
(LTM values as of)53120269132026Change
Stock Price ($)35.9522.69-36.9%
Change Contribution By: 
Total Revenues ($ Mil)77859.9%
P/S Multiple21.312.7-40.4%
Shares Outstanding (Mil)4647-3.7%
Cumulative Contribution-36.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/13/2026
ReturnCorrelation
AIP-36.9% 
Market (SPY)1.0%50.5%
Sector (XLK)-1.8%75.5%

Fundamental Drivers

The 33.5% change in AIP stock from 2/28/2026 to 9/13/2026 was primarily driven by a 20.4% change in the company's P/S Multiple.
(LTM values as of)22820269132026Change
Stock Price ($)16.9922.6933.5%
Change Contribution By: 
Total Revenues ($ Mil)718519.9%
P/S Multiple10.512.720.4%
Shares Outstanding (Mil)4447-7.5%
Cumulative Contribution33.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/13/2026
ReturnCorrelation
AIP33.5% 
Market (SPY)11.7%57.2%
Sector (XLK)35.4%73.5%

Fundamental Drivers

The 140.9% change in AIP stock from 8/31/2025 to 9/13/2026 was primarily driven by a 103.5% change in the company's P/S Multiple.
(LTM values as of)83120259132026Change
Stock Price ($)9.4222.69140.9%
Change Contribution By: 
Total Revenues ($ Mil)638533.8%
P/S Multiple6.212.7103.5%
Shares Outstanding (Mil)4247-11.5%
Cumulative Contribution140.9%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/13/2026
ReturnCorrelation
AIP140.9% 
Market (SPY)19.5%54.3%
Sector (XLK)43.6%65.7%

Fundamental Drivers

The 235.2% change in AIP stock from 8/31/2023 to 9/13/2026 was primarily driven by a 174.6% change in the company's P/S Multiple.
(LTM values as of)83120239132026Change
Stock Price ($)6.7722.69235.2%
Change Contribution By: 
Total Revenues ($ Mil)528563.7%
P/S Multiple4.612.7174.6%
Shares Outstanding (Mil)3547-25.4%
Cumulative Contribution235.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/13/2026
ReturnCorrelation
AIP235.2% 
Market (SPY)75.7%47.3%
Sector (XLK)117.7%52.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AIP Return16%-80%37%73%52%45%23%
Peers Return22%-6%16%-5%6%6%42%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
AIP Win Rate67%17%50%67%67%56% 
Peers Win Rate52%40%52%44%50%44% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
AIP Max Drawdown--84%-45%-29%-54%-57% 
Peers Max Drawdown-27%-39%-38%-35%-42%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FSLR, QCOM, SLAB, POWI, SNSC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/11/2026 (YTD)

How Low Can It Go

EventAIPS&P 500
2025 US Tariff Shock
  % Loss-44.0%-18.8%
  % Gain to Breakeven78.7%23.1%
  Time to Breakeven112 days79 days
2024 Yen Carry Trade Unwind
  % Loss-13.5%-7.8%
  % Gain to Breakeven15.5%8.5%
  Time to Breakeven13 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.1%-9.5%
  % Gain to Breakeven64.1%10.5%
  Time to Breakeven96 days24 days
2023 SVB Regional Banking Crisis
  % Loss-37.6%-6.7%
  % Gain to Breakeven60.3%7.1%
  Time to Breakeven35 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.7%-24.5%
  % Gain to Breakeven312.4%32.4%
  Time to Breakeven1273 days427 days

Compare to FSLR, QCOM, SLAB, POWI, SNSC

In The Past

Arteris's stock fell -44.0% during the 2025 US Tariff Shock. Such a loss loss requires a 78.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAIPS&P 500
2025 US Tariff Shock
  % Loss-44.0%-18.8%
  % Gain to Breakeven78.7%23.1%
  Time to Breakeven112 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.1%-9.5%
  % Gain to Breakeven64.1%10.5%
  Time to Breakeven96 days24 days
2023 SVB Regional Banking Crisis
  % Loss-37.6%-6.7%
  % Gain to Breakeven60.3%7.1%
  Time to Breakeven35 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.7%-24.5%
  % Gain to Breakeven312.4%32.4%
  Time to Breakeven1273 days427 days

Compare to FSLR, QCOM, SLAB, POWI, SNSC

In The Past

Arteris's stock fell -44.0% during the 2025 US Tariff Shock. Such a loss loss requires a 78.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Arteris (AIP)

Arteris, Inc. (AIP) specializes in providing crucial intellectual property (IP) and software solutions for semiconductor design, particularly for complex System-on-Chip (SoC) architectures. The company develops and licenses "on-chip interconnect fabric" technology, which acts as the internal communication backbone, or Network-on-Chip (NoC), within these advanced integrated circuits. Essentially, Arteris helps chip designers create efficient and reliable communication pathways between various functional blocks within a single chip.

Arteris's core product offerings include a suite of silicon-proven interconnect IP products such as FlexNoC, which provides a flexible interconnect fabric, and Ncore, a cache-coherent interconnect IP designed for scalability. They also offer specialized IP like CodaCache for last-level cache memory and FlexNoC Resilience Package for on-chip data protection. Beyond IP, Arteris provides essential IP deployment software solutions, including tools like the Physical interconnect aware NoC optimizer, which helps predict physical layout effects, and FlexNoC Physical, which bridges architectural design with physical implementation.

The company serves a broad and high-growth customer base across various technology sectors. Its interconnect IP and solutions are critical for companies in the automotive industry, artificial intelligence (AI)/machine learning, 5G and wireless communications, data centers, and consumer electronics markets. Arteris operates globally, with customers spanning the Americas, Asia Pacific, Europe, and the Middle East, reflecting the widespread need for sophisticated on-chip communication solutions in modern electronics.

AI Analysis | Feedback

  • Arteris is like ARM Holdings (whose designs power most smartphones and tablets) but for the crucial internal communication systems and data highways *within* complex semiconductor chips.
  • Think of Arteris as providing the internal "traffic control system" or "data network" *inside* advanced computer chips, much like Cisco Systems builds and manages networks for computers and servers to communicate *with each other*.

AI Analysis | Feedback

  • FlexNoC: A silicon-proven interconnect IP product used for System-on-Chip (SoC) designs.
  • FlexNoC Resilience Package: An on-chip data protection package that complements FlexNoC interconnect IP.
  • Ncore: A silicon-proven and cache coherent interconnect IP product offering scalable, configurable, and area-efficient characteristics.
  • CodaCache: A last-level cache semiconductor IP product.
  • Physical interconnect aware NoC optimizer: A software tool that estimates physical layout effects during the architecture and logic development stages of an SoC interconnect design.
  • FlexWay: An IP product designed for IP subsystem interconnect.
  • FlexPSI: An IP product for establishing all-digital inter-chip links.
  • FlexNoC Physical: A product that facilitates linking physical placement and routing tools.
  • IP deployment software solutions: A suite of software solutions including specification, design, documentation, AI package, design data intelligence, and harmony trace.

AI Analysis | Feedback

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Arteris (AIP) sells primarily to other companies. The provided background information does not explicitly list the names of its major customer companies. However, it does specify the markets in which its customers operate, indicating that its customers are companies involved in the following sectors:

  • Automotive: Companies manufacturing vehicles or developing automotive electronics and systems.
  • AI/Machine Learning: Companies creating hardware or software solutions for artificial intelligence and machine learning applications.
  • 5G and Wireless Communications: Companies involved in developing and deploying 5G and other wireless communication technologies and devices.
  • Data Centers: Companies providing infrastructure, hardware, or services for data centers.
  • Consumer Electronics: Companies designing and manufacturing various consumer electronic devices.
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AI Analysis | Feedback

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K. Charles Janac, Chairman, President and Chief Executive Officer Mr. Janac has served as Chairman, President, and Chief Executive Officer of Arteris since July 2005. His career spans over 30 years across multiple industries including electronic design automation, semiconductor capital equipment, nano-technology, industrial polymers, and venture capital. Prior to Arteris, he co-founded SDA, Inc., a predecessor to Cadence Design Systems, Inc.. He also founded Smart Machines, a semiconductor automation equipment manufacturer, which he later sold to Brooks Automation (NASDAQ: BRKS). Mr. Janac served as president of HLD Systems and as president and CEO of Nanomix. He also held leadership roles at Giga Scale IC, Chips and Technologies, and VLSI Technology. He was an Entrepreneur-in-Residence at Infinity Capital, an early-stage Venture Capital firm. Nick Hawkins, EVP and Chief Financial Officer Mr. Hawkins serves as Executive Vice President and Chief Financial Officer at Arteris. With a career spanning over 30 years, he has worked in various sectors including Chemicals/Pharmaceuticals, Food, Consulting, Media, and Semiconductors. He has held CFO positions for over 20 years in a range of companies, from startups to multi-billion-dollar enterprises, including privately-owned, private equity-backed, and publicly traded companies. Most recently, he was the CFO of Corsair Gaming. He is a Fellow Chartered Accountant (FCA) with the Institute of Chartered Accountants in England & Wales. Dr. Laurent R. Moll, EVP Engineering and Chief Operating Officer Dr. Moll is the Executive Vice President of Engineering and Chief Operating Officer at Arteris. Paul L. Alpern, EVP, Chief Legal Officer and Corporate Secretary Mr. Alpern holds the titles of Executive Vice President, Chief Legal Officer, and Corporate Secretary at Arteris. He is also noted as Executive Vice President and General Counsel. Michal Siwinski, EVP, Chief Product Officer and Chief Marketing Officer Mr. Siwinski serves as Executive Vice President, Chief Product Officer, and Chief Marketing Officer for Arteris.

AI Analysis | Feedback

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Arteris, Inc. (AIP) faces several key risks to its business, primarily stemming from its financial performance, its business model's reliance on customer success, and geopolitical factors.

Key Risks to Arteris (AIP)

  1. Challenges in Achieving and Sustaining Profitability: Arteris has consistently reported operating and net losses despite increasing revenues, driven by substantial investments in research and development to remain competitive. The company's financial health indicators, such as a negative operating margin and a low Altman Z-Score, highlight the challenge of transitioning to sustained profitability and managing its cash burn.
  2. Dependence on Customer Product Success and Royalty Revenue Lag: A significant portion of Arteris's potential revenue, particularly its highly profitable royalty streams, is directly tied to the success of its customers' products in the market and their subsequent volume sales. There is a considerable time delay between the initial licensing of its intellectual property (IP) and the realization of meaningful royalty income. Delays in customer product launches or their failure to achieve market adoption can significantly impact Arteris's revenue. Additionally, the company exhibits reliance on a limited number of key licensees.
  3. Geopolitical Risks and Exposure to the Chinese Market: Arteris operates globally, with a notable portion of its revenue originating from the Asia Pacific region, including China. This international exposure makes the company vulnerable to various geopolitical risks, such as military conflicts, changes in U.S. trade policies, tariffs, and export restrictions. Specifically, its significant reliance on the Chinese market, which constitutes a notable percentage of its revenues, makes it susceptible to trade disputes and regulatory changes that could adversely affect its revenue and market access.
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AI Analysis | Feedback

Arteris (AIP) operates within several significant addressable markets related to semiconductor intellectual property (IP) and System-on-Chip (SoC) design.

  • Network-on-Chip (NoC) Interconnect IP: Arteris's core NoC interconnect IP products, such as FlexNoC, address the global Network-on-Chip market. This market was valued at approximately $3.73 billion globally in 2025 and is projected to grow to $7.89 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 10.5% from 2025 to 2033. Another estimate places the global NoC market at $5 billion in 2025, with a projection to reach $15 billion by 2033 at a CAGR of 15%. A third source indicates the market was valued at USD 1.2 billion in 2023 and is projected to reach USD 4.5 billion by 2031, growing at a CAGR of 18%. Arteris is recognized as a key player in this market. The increasing complexity of System-on-Chip (SoC) designs drives the adoption of NoC interconnects.

  • Semiconductor Interconnect Market (Broader Category): This market, which includes Arteris's interconnect solutions, was valued at approximately USD 12.3 billion globally in 2024 and is projected to reach USD 20.5 billion by 2030, growing at a CAGR of 8.5%. The Asia Pacific region holds the largest share, with North America also being a dominant player.

  • Semiconductor IP Market (Overall): Arteris's offerings fall under the broader semiconductor IP market. This global market was valued at approximately USD 5.9 billion in 2024 and is poised to grow to USD 11.56 billion by 2033, at a CAGR of 8.6%. Other reports indicate the global semiconductor IP market size was valued at USD 6.25 billion in 2025 and is estimated to increase to USD 12.60 billion by 2034, with a CAGR of 8.10%. Another projection values the market at approximately USD 8.8 billion in 2024 and forecasts it to reach around USD 35.7 billion by 2034, with a CAGR of 15.1%. The Asia Pacific region dominated this market with a 52.63% share in 2025.

  • System-on-Chip (SoC) Market: Arteris's IP products are crucial for the design and deployment of SoCs. The global System-on-Chip market was valued at USD 173.91 billion in 2026 and is expected to grow at a CAGR of 7.46% to reach USD 249.19 billion by 2031. Other analyses show the global SoC market size was valued at USD 228.06 billion in 2025 and is projected to reach nearly USD 391.61 billion by 2032, growing at a CAGR of 8.03%. The Asia Pacific SoC market held a 37.6% revenue share in 2024, while North America accounted for nearly 22% of the global revenue share in 2023.

  • Chiplet Market: Arteris's technologies, particularly FlexNoC and NCore, are positioned to address the complexity of chiplet architectures. The chiplet market is expected to reach $157 billion by 2030.

AI Analysis | Feedback

Arteris (AIP) is expected to drive future revenue growth over the next 2-3 years through several key factors:

  1. Accelerated adoption in AI-enabled systems and advanced computing: The increasing demand for high-performance computing in artificial intelligence (AI) applications, including data centers and edge computing, is a significant growth driver. Arteris's Network-on-Chip (NoC) interconnect technology is crucial for managing the complex data movement in these AI-driven chips and chiplets, leading to accelerating adoption and rising production volumes.
  2. Expansion into chiplet and multi-die architectures: The semiconductor industry's shift towards more complex, multi-die architectures and chiplet-based designs is creating a greater need for Arteris's interconnect solutions. Its technology is proven to address the associated interconnect challenges, leading to new design wins and volume deployments in this rapidly growing market segment.
  3. Strategic acquisition of Cycuity and expansion into semiconductor cybersecurity: The acquisition of Cycuity in January 2026 broadens Arteris's product portfolio to include semiconductor cybersecurity assurance technology. This addresses a critical and growing industry concern regarding silicon security vulnerabilities, enhancing Arteris's market reach and product value.
  4. Growth in variable royalty revenue and expanding customer base: Arteris anticipates continued growth in its variable royalty revenue stream, driven by increasing production volumes from its licensees across diverse markets such as automotive, enterprise computing, and consumer electronics. The company is also actively expanding its clientele and strengthening partnerships with major clients like AMD and NXP Semiconductors, translating into increased licensing activity and a broader customer base.
  5. Innovation and new product launches, particularly FlexGen and Armv9 solutions: Arteris continues to introduce innovative products and expand its solutions. The FlexGen AI-driven Smart NoC IP, which uses AI-driven heuristics to optimize chip design and reduce power consumption, has seen strong adoption. Additionally, expanded solutions tailored for the Armv9 architecture are accelerating the development of cutting-edge automotive technologies, supporting new possibilities in autonomous driving and advanced driver-assistance systems.

AI Analysis | Feedback

Share Issuance

  • Arteris completed its Initial Public Offering (IPO) on October 27, 2021, selling 5,000,000 shares at $14.00 per share, which generated gross proceeds of $70.0 million. The underwriters were also granted a 30-day option to purchase up to an additional 750,000 shares.
  • As of December 31, 2025, Arteris filed a Registration Statement on Form S-3 to offer up to $200 million in securities and entered into an Open Market Sales Agreement for the sale of common stock totaling up to $75 million, aimed at ensuring liquidity and financial flexibility.
  • The number of issued and outstanding common shares has progressively increased, from 34,625,875 as of December 31, 2022, to 40,724,936 as of December 31, 2024, and further to 44,268,816 by December 31, 2025.

Outbound Investments

  • In January 2023, Arteris acquired Semifore, Inc., a provider of hardware/software interface (HSI) development tools.
  • Arteris entered into a definitive agreement on December 11, 2025, to acquire Cycuity, Inc. for $45 million, with the aim of enhancing its semiconductor cybersecurity assurance product portfolio.
  • The acquisition of Cycuity officially closed on January 14, 2026, integrating semiconductor cybersecurity assurance technology into Arteris' product offerings.

Capital Expenditures

  • Capital expenditures for the twelve months ending December 31, 2023, were approximately $1.310 million, primarily allocated to purchases of property and equipment.
  • For the twelve months ending December 31, 2024, capital expenditures were approximately $1.326 million, also mainly for purchases of property and equipment.
  • The company projects capital expenditures of approximately $1 million for 2025, increasing to an estimated $2 million for 2026.

Better Bets vs. Arteris (AIP)

Peer Outperformance in Semiconductors

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Share of Semiconductors constituents that AIP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
91%
of 64 industry peers · 159.3% return
3Y
81%
of 58 industry peers · 235.2% return
5Y
insufficient peer history
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Median price return by industry across the Information Technology sector, ranked by 5Y. Semiconductors is AIP's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 66.7%194.4%290.6% TTMI 835% · FLEX 749% · SANM 443%
Semiconductor Materials & Equipment 27 129.7%86.1%107.7% AEHR 756% · AXTI 734% · KLAC 432%
Technology Distributors 9 33.3%78.3%101.8% CLMB 335% · AVT 196% · SNX 147%
Electronic Components 26 43.3%57.0%74.2% CLS 3920% · BELFA 1373% · COHR 401%
Communications Equipment 36 19.4%81.2%74.1% AAOI 1361% · FEIM 1055% · LITE 979%
Technology Hardware, Storage & Peripherals 21 37.9%57.2%37.0% DELL 1172% · STX 1065% · SMCI 1012%
Semiconductors ← 55 23.1%30.0%36.5% POET 1852% · MU 1261% · NVDA 886%
Internet Services & Infrastructure 6 17.9%39.5%21.5% DOCN 60% · VRSN 34% · GDDY 32%
Electronic Equipment & Instruments 27 -12.8%7.6%-9.5% PI 229% · ACFN 120% · OSIS 119%
IT Consulting & Other Services 28 -24.3%-15.2%-30.4% CHRN 499900% · APLD 1221% · TSSI 712%
Application Software 122 -27.1%-16.0%-43.0% VIDA 193536% · INLX 5416% · PLTR 537%
Systems Software 66 -19.3%1.3%-58.2% QNC 472% · PAYS 377% · ZETA 352%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AIPFSLRQCOMSLABPOWISNSCMedian
NameArteris First So.Qualcomm Silicon .Power In.SunScout  
Mkt Price22.69209.03181.97220.3352.28-181.97
Mkt Cap1.1224.6192.37.32.9-7.3
Rev LTM855,37844,069856449-856
Op Inc LTM-381,81010,258-4321-21
FCF LTM71,50010,416-579-79
FCF 3Y Avg-011111,535-572-72
CFO LTM92,15612,4013398-98
CFO 3Y Avg11,21412,9031993-93

Growth & Margins

AIPFSLRQCOMSLABPOWISNSCMedian
NameArteris First So.Qualcomm Silicon .Power In.SunScout  
Rev Chg LTM33.8%23.8%1.9%21.7%1.6%-21.7%
Rev Chg 3Y Avg18.5%21.7%4.8%1.5%-3.7%-4.8%
Rev Chg Q46.2%-3.7%-4.0%18.3%2.7%-2.7%
QoQ Delta Rev Chg LTM9.9%-0.8%-0.9%4.3%0.7%-0.7%
Op Inc Chg LTM-21.3%32.9%-15.9%61.7%2.4%-2.4%
Op Inc Chg 3Y Avg-3.9%399.8%-0.6%-63.4%-22.2%--3.9%
Op Mgn LTM-44.4%33.6%23.3%-5.1%4.8%-4.8%
Op Mgn 3Y Avg-52.6%33.0%25.6%-17.4%4.7%-4.7%
QoQ Delta Op Mgn LTM-0.1%1.9%-2.3%1.7%2.3%-1.7%
CFO/Rev LTM10.1%40.1%28.1%3.9%21.8%-21.8%
CFO/Rev 3Y Avg-0.4%26.2%31.3%1.4%21.2%-21.2%
FCF/Rev LTM8.0%27.9%23.6%-0.6%17.6%-17.6%
FCF/Rev 3Y Avg-2.0%0.1%28.1%-1.9%16.5%-0.1%

Valuation

AIPFSLRQCOMSLABPOWISNSCMedian
NameArteris First So.Qualcomm Silicon .Power In.SunScout  
Mkt Cap1.1224.6192.37.32.9-7.3
P/S12.741.84.48.56.5-8.5
P/Op Inc-28.5124.118.8-168.8136.3-18.8
P/EBIT-28.4120.516.2-234.1136.3-16.2
P/E-27.1128.720.8-187.1116.3-20.8
P/CFO126.1104.215.5221.129.7-104.2
Total Yield-3.7%0.8%6.8%-0.5%2.5%-0.8%
Dividend Yield0.0%0.0%2.0%0.0%1.6%-0.0%
FCF Yield 3Y Avg-0.7%-1.9%5.9%-0.3%1.9%--0.3%
D/E0.00.00.10.00.0-0.0
Net D/E-0.1-0.00.0-0.1-0.1--0.1

Returns

AIPFSLRQCOMSLABPOWISNSCMedian
NameArteris First So.Qualcomm Silicon .Power In.SunScout  
1M Rtn-19.9%-7.3%10.4%0.9%-16.3%--7.3%
3M Rtn-44.7%-21.8%-13.6%0.4%-33.0%--21.8%
6M Rtn55.1%6.6%41.5%8.5%10.9%-10.9%
12M Rtn159.3%3.6%14.8%64.7%20.5%-20.5%
3Y Rtn235.2%18.1%70.0%79.2%-31.8%-70.0%
1M Excs Rtn-18.3%-6.6%13.4%1.9%-16.6%--6.6%
3M Excs Rtn-42.7%-26.5%-13.4%-2.9%-36.0%--26.5%
6M Excs Rtn39.8%-8.9%25.3%-5.7%-1.2%--1.2%
12M Excs Rtn144.8%-14.7%-0.4%49.4%2.4%-2.4%
3Y Excs Rtn138.9%-56.7%-2.4%-3.7%-106.1%--3.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Licensing, support and maintenance6453484635
Variable royalties74533
Professional services and other01010
Total7158545038


Price Behavior

Price Behavior
Market Price$22.69 
Market Cap ($ Bil)1.1 
First Trading Date10/27/2021 
Distance from 52W High-53.3% 
   50 Days200 Days
DMA Price$27.83$24.01
DMA Trendupdown
Distance from DMA-18.5%-5.5%
 3M1YR
Volatility87.3%83.5%
Downside Capture557.43383.25
Upside Capture189.14430.63
Correlation (SPY)46.4%54.9%
AIP Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta3.123.633.673.543.602.47
Up Beta3.255.775.233.563.292.45
Down Beta1.740.040.531.882.422.02
Up Capture28%67%388%879%2638%9433%
Bmk +ve Days10213268138427
Stock +ve Days8162869134376
Down Capture768%569%380%260%190%113%
Bmk -ve Days11213259113324
Stock -ve Days13263658117364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIP
AIP163.0%83.1%1.52-
Sector ETF (XLK)39.7%26.3%1.2466.2%
Equity (SPY)18.3%12.8%1.0354.8%
Gold (GLD)19.0%29.2%0.5919.8%
Commodities (DBC)48.3%20.6%1.80-4.5%
Real Estate (VNQ)7.6%13.6%0.291.3%
Bitcoin (BTCUSD)-32.4%43.8%-0.7729.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIP
AIP4.1%80.9%0.40-
Sector ETF (XLK)19.7%25.9%0.6847.9%
Equity (SPY)12.5%17.2%0.5542.7%
Gold (GLD)18.7%18.8%0.819.5%
Commodities (DBC)11.4%19.5%0.465.0%
Real Estate (VNQ)0.7%18.9%-0.0724.6%
Bitcoin (BTCUSD)9.4%52.6%0.3620.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIP
AIP2.0%80.9%0.40-
Sector ETF (XLK)24.4%25.0%0.8847.9%
Equity (SPY)15.2%17.9%0.7242.7%
Gold (GLD)12.3%16.3%0.629.5%
Commodities (DBC)8.7%18.1%0.395.0%
Real Estate (VNQ)4.7%20.7%0.1924.6%
Bitcoin (BTCUSD)63.2%66.2%1.0320.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity2.4 Mil
Short Interest: % Change Since 81520261.8%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest3.5 days
Basic Shares Quantity47.3 Mil
Short % of Basic Shares5.2%

Earnings Returns History

Updated 9/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-5.8%-12.7%-32.4%
5/12/20269.6%6.0%15.0%
2/12/2026-2.0%-1.3%1.9%
11/4/202526.1%25.9%42.5%
8/5/2025-24.0%-23.4%-32.0%
5/13/2025-10.1%-11.7%1.4%
2/18/2025-1.5%-12.3%-21.9%
11/5/202418.7%16.2%23.9%
...
SUMMARY STATS   
# Positive6710
# Negative12118
Median Positive18.1%11.5%14.0%
Median Negative-4.6%-6.7%-22.6%
Max Positive38.4%42.0%75.9%
Max Negative-24.0%-23.4%-36.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-5.8%-12.7%-32.4%
5/12/20269.6%6.0%15.0%
2/12/2026-2.0%-1.3%1.9%
11/4/202526.1%25.9%42.5%
8/5/2025-24.0%-23.4%-32.0%
5/13/2025-10.1%-11.7%1.4%
2/18/2025-1.5%-12.3%-21.9%
11/5/202418.7%16.2%23.9%
8/1/2024-1.6%-6.7%12.9%
5/2/202438.4%42.0%30.9%
2/20/2024-0.4%-4.5%0.3%
5/4/202317.5%11.5%75.9%
2/28/2023-16.9%-22.2%-36.8%
11/8/2022-7.6%8.4%-18.8%
8/9/2022-0.9%-4.5%-16.1%
5/10/2022-3.4%-5.2%-1.7%
3/3/20224.0%2.8%1.1%
11/30/2021-17.1%-1.5%-23.3%
SUMMARY STATS   
# Positive6710
# Negative12118
Median Positive18.1%11.5%14.0%
Median Negative-4.6%-6.7%-22.6%
Max Positive38.4%42.0%75.9%
Max Negative-24.0%-23.4%-36.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/12/202610-Q
12/31/202502/12/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/13/202510-Q
12/31/202402/18/202510-K
09/30/202411/05/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/20/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/01/202310-K
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/12/202610-Q
12/31/202502/12/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/13/202510-Q
12/31/202402/18/202510-K
09/30/202411/05/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/20/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/01/202310-K
09/30/202211/08/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/07/202210-K
09/30/202112/01/202110-Q
06/30/202110/28/2021424B4

Recent Forward Guidance

Updated 8/14/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 ACV + royaltiesReported99.00 Mil101.00 Mil103.00 Mil4.1% Higher NewGuidance: 97.00 Mil for Q2 2026
Q3 2026 Non-GAAP operating lossReported-3.00 Mil-2.00 Mil-1.00 Mil-20.0% Higher NewGuidance: -2.50 Mil for Q2 2026
Q3 2026 RevenueReported24.00 Mil24.50 Mil25.00 Mil4.3% Higher NewGuidance: 23.50 Mil for Q2 2026
2026 ACV + royaltiesReported102.00 Mil104.00 Mil106.00 Mil0 AffirmedGuidance: 104.00 Mil for 2026
2026 Non-GAAP operating lossReported-10.00 Mil-8.50 Mil-7.00 Mil30.8% LoweredGuidance: -6.50 Mil for 2026
2026 RevenueReported95.00 Mil96.50 Mil98.00 Mil3.8% RaisedGuidance: 93.00 Mil for 2026
2026 Free cash flowReported5.00 Mil7.00 Mil9.00 Mil0 AffirmedGuidance: 7.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 ACV + royaltiesReported95.00 Mil97.00 Mil99.00 Mil11.5% Higher NewGuidance: 87.00 Mil for Q1 2026
Q2 2026 Non-GAAP operating lossReported-3.00 Mil-2.50 Mil-2.00 Mil-16.7% Higher NewGuidance: -3.00 Mil for Q1 2026
Q2 2026 RevenueReported23.00 Mil23.50 Mil24.00 Mil11.9% Higher NewGuidance: 21.00 Mil for Q1 2026
Q2 2026 Free cash flowReported2.00 Mil5.00 Mil8.00 Mil  Higher NewGuidance: 0 for Q1 2026
2026 ACV + royaltiesReported102.00 Mil104.00 Mil106.00 Mil2.0% RaisedGuidance: 102.00 Mil for 2026
2026 Non-GAAP operating lossReported-8.50 Mil-6.50 Mil-4.50 Mil-7.1% RaisedGuidance: -7.00 Mil for 2026
2026 RevenueReported91.00 Mil93.00 Mil95.00 Mil2.2% RaisedGuidance: 91.00 Mil for 2026
2026 Free cash flowReported5.00 Mil7.00 Mil9.00 Mil0 AffirmedGuidance: 7.00 Mil for 2026

Q4 2025 Earnings Reported 2/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 ACV + royaltiesReported85.00 Mil87.00 Mil89.00 Mil14.5% Higher NewActual: 76.00 Mil for Q4 2025
Q1 2026 Non-GAAP operating lossReported-3.50 Mil-3.00 Mil-2.50 Mil7.1% Lower NewActual: -2.80 Mil for Q4 2025
Q1 2026 RevenueReported20.50 Mil21.00 Mil21.50 Mil12.9% Higher NewActual: 18.60 Mil for Q4 2025
Q1 2026 Free cash flowReported-1.50 Mil01.50 Mil-100.0% Lower NewActual: 1.70 Mil for Q4 2025
2026 ACV + royaltiesReported100.00 Mil102.00 Mil104.00 Mil34.2% Higher NewActual: 76.00 Mil for 2025
2026 Non-GAAP operating lossReported-9.00 Mil-7.00 Mil-5.00 Mil-46.2% Higher NewActual: -13.00 Mil for 2025
2026 RevenueReported89.00 Mil91.00 Mil93.00 Mil31.9% Higher NewActual: 69.00 Mil for 2025
2026 Free cash flowReported5.00 Mil7.00 Mil9.00 Mil75.0% Higher NewActual: 4.00 Mil for 2025

Q3 2025 Earnings Reported 11/4/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2025 ACV + royaltiesReported74.00 Mil76.00 Mil78.00 Mil7.0% Higher NewGuidance: 71.00 Mil for Q3 2025
Q4 2025 Non-GAAP operating lossReported-3.30 Mil-2.80 Mil-2.30 Mil-20.0% Higher NewGuidance: -3.50 Mil for Q3 2025
Q4 2025 RevenueReported18.40 Mil18.60 Mil18.80 Mil9.4% Higher NewGuidance: 17.00 Mil for Q3 2025
Q4 2025 Free cash flowReported0.20 Mil1.70 Mil3.20 Mil-15.0% Lower NewGuidance: 2.00 Mil for Q3 2025
2025 ACV + royaltiesReported74.00 Mil76.00 Mil78.00 Mil1.3% RaisedGuidance: 75.00 Mil for 2025
2025 Non-GAAP operating lossReported-13.50 Mil-13.00 Mil-12.50 Mil0 AffirmedGuidance: -13.00 Mil for 2025
2025 RevenueReported68.80 Mil69.00 Mil69.20 Mil1.5% RaisedGuidance: 68.00 Mil for 2025
2025 Free cash flowReported2.50 Mil4.00 Mil5.50 Mil0 AffirmedGuidance: 4.00 Mil for 2025

Insider Activity

Updated 9/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bayview, Legacy, LlcSee FootnoteSell903202620.75100,0002,074,970170,750,755Form
2Alpern, Paul LVP and General CounselDirectSell903202620.774,00083,0631,468,827Form
3Janac, K CharlesPresident and CEOBayview LegacySell903202620.75100,0002,074,970170,750,755Form
4Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell814202628.2610,431294,8282,703,961Form
5Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell814202629.002005,8002,986,188Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bayview, Legacy, LlcSee FootnoteSell903202620.75100,0002,074,970170,750,755Form
2Alpern, Paul LVP and General CounselDirectSell903202620.774,00083,0631,468,827Form
3Janac, K CharlesPresident and CEOBayview LegacySell903202620.75100,0002,074,970170,750,755Form
4Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell814202628.2610,431294,8282,703,961Form
5Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell814202629.002005,8002,986,188Form
6Bayview, Legacy, LlcSee FootnoteSell805202631.9726,106834,630266,287,228Form
7Janac, K CharlesPresident and CEOBayview LegacySell805202631.9726,106834,630266,287,228Form
8Bayview, Legacy, LlcSee FootnoteSell805202630.0073,8942,216,630250,633,855Form
9Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell805202630.0170,000  Form
10Alpern, Paul LVP and General CounselDirectSell805202630.044,000120,1432,124,518Form
11Janac, K CharlesPresident and CEOBayview LegacySell805202630.0073,8942,216,630250,633,855Form
12Janac, K CharlesPresident and CEODirectSell708202635.9010,679383,4076,288,327Form
13Janac, K CharlesPresident and CEOBayview LegacySell708202635.79125,9764,509,185301,710,162Form
14Bayview, Legacy, LlcSee FootnoteSell708202635.79125,9764,509,185301,710,162Form
15Alpern, Paul LVP and General CounselDirectSell708202635.916,003215,5872,540,254Form
16Janac, K CharlesPresident and CEODirectSell706202638.7810,902422,7577,205,981Form
17Janac, K CharlesPresident and CEOBayview LegacySell706202636.32192,6866,998,654310,732,554Form
18Bayview, Legacy, LlcSee FootnoteSell706202636.32192,6866,998,654310,732,554Form
19Moll, Laurent RChief Operating OfficerDirectSell706202638.785,599217,1178,596,944Form
20Alpern, Paul LVP and General CounselDirectSell706202638.783,648141,4622,975,661Form
21Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell706202638.785,377208,5094,000,793Form
22Alpern, Paul LVP and General CounselDirectSell702202645.466,500295,5143,654,552Form
23Bayview, Legacy, LlcSee FootnoteSell702202645.46181,3388,243,334397,657,891Form
24Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell702202645.3970,0003,176,9803,176,980Form
25Janac, K CharlesPresident and CEOBayview LegacySell702202645.46181,3388,243,334397,657,891Form
26Moll, Laurent RChief Operating OfficerDirectSell617202643.1539,5411,706,1949,807,822Form
27Bayview, Legacy, LlcSee FootnoteSell610202634.9170,0002,443,433311,679,755Form
28Janac, K CharlesPresident and CEOBayview Legacy, LLCSell610202634.9170,0002,443,433311,679,755Form
29Viana, Antonio JViana Family TrustSell605202636.5120,839760,8802,359,425Form
30Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell604202637.3920,839779,1745,234,629Form
31Alpern, Paul LVP and General CounselDirectSell603202636.0212,502450,2862,895,199Form
32Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell603202636.0270,0002,521,1035,042,206Form
33Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell528202637.753,000113,2544,097,877Form
34Cantwell, Wayne CThe Cantwell Living TrustSell527202637.2338,5001,433,1667,061,527Form
35Viana, Antonio JViana Family TrustSell514202638.0020,000760,0002,455,560Form
36Viana, Antonio JViana Family TrustSell514202634.3520,000686,9632,906,542Form
37Bayview, Legacy, LlcSee FootnoteSell512202631.2070,0002,183,986282,329,205Form
38Janac, K CharlesPresident and CEOBayview Legacy, LLCSell512202631.2070,0002,183,986282,329,205Form
39Viana, Antonio J Viana Family TrustSell507202630.0720,000601,4643,146,258Form
40Chitkara, Raman DirectSell507202630.055,000150,2684,293,668Form
41Raza, Saiyed Atiq Saiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell504202628.7190,0002,584,1706,029,730Form
42Viana, Antonio JViana Family TrustSell428202626.1120,000522,2343,254,040Form
43Chitkara, RamanDirectSell428202625.065,000125,2903,705,236Form
44Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell421202622.1617,060378,0846,648,600Form
45Viana, Antonio JViana Family TrustSell421202622.1120,000442,1683,197,317Form
46Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell421202622.1672,9401,616,2707,025,701Form
47Moll, Laurent RChief Operating OfficerDirectSell416202620.0313,448269,3815,318,911Form
48Chitkara, RamanDirectSell414202620.055,000100,2543,065,106Form
49Moll, Laurent RChief Operating OfficerDirectSell414202619.901,00319,9605,551,682Form
50Moll, Laurent RChief Operating OfficerDirectSell414202619.9099019,7015,571,642Form
51Janac, K CharlesPresident and CEOBayview Legacy, LLCSell410202619.0470,0001,332,786173,625,288Form
52Bayview, Legacy, LlcSee FootnoteSell409202619.0470,0001,332,786173,625,288Form
53Janac, K CharlesPresident and CEODirectSell406202618.3411,800216,4053,607,892Form
54Moll, Laurent RChief Operating OfficerDirectSell406202618.231,55228,2935,122,120Form
55Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell406202617.654,87085,9692,093,869Form
56Janac, K CharlesPresident and CEODirectSell406202617.659,009159,0343,681,121Form
57Alpern, Paul LVP and General CounselDirectSell406202617.653,64964,4151,524,955Form
58Moll, Laurent RChief Operating OfficerDirectSell406202617.655,60298,8914,987,340Form
59Bayview, Legacy, Llc See FootnoteSell327202618.3532,988605,191168,580,859Form
60Janac, K CharlesPresident and CEOBayview Legacy, LLCSell327202618.3532,988605,191168,580,859Form
61Bayview, Legacy, Llc See FootnoteSell327202618.037,012126,433166,282,024Form
62Janac, K CharlesPresident and CEOBayview Legacy, LLCSell327202618.037,012126,433166,282,024Form
63Bayview, Legacy, LlcSee FootnoteSell311202614.669,000131,967135,325,868Form
64Janac, K CharlesPresident and CEOBayview Legacy, LLCSell311202614.669,000131,967135,325,868Form
65Bayview, Legacy, LlcSee FootnoteSell311202614.2141,000582,626131,276,684Form
66Janac, K CharlesPresident and CEOBayview Legacy, LLCSell311202614.2141,000582,626131,276,684Form
67Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell304202617.023,69062,7866,635,967Form
68Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell304202617.21106,0311,825,0806,776,468Form
69Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell227202617.0111,762200,0478,499,205Form
70Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell227202617.1473,6101,261,7938,767,637Form
71Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell227202617.004,90783,4199,946,640Form
72Bayview, Legacy, LlcSee FootnoteSell211202615.032,75641,429140,537,105Form
73Janac, K CharlesPresident and CEOBayview Legacy, LLCSell211202615.032,75641,429140,537,105Form
74Bayview, Legacy, LlcSee FootnoteSell211202615.2147,244718,359142,197,335Form
75Janac, K CharlesPresident and CEOBayview Legacy, LLCSell211202615.2147,244718,359142,197,335Form
76Alpern, Paul LVP and General CounselDirectSell204202615.485,00077,376892,151Form
77Bayview, Legacy, LlcSee FootnoteSell120202617.8417,884318,974167,639,011Form
78Janac, K CharlesPresident and CEOBayview Legacy, LLCSell120202617.8417,884318,974167,639,011Form
79Janac, K CharlesPresident and CEOBayview Legacy, LLCSell112202616.5850,000829,155156,197,396Form
80Bayview, Legacy, LlcSee FootnoteSell112202616.5850,000829,155156,197,396Form
81Janac, K CharlesPresident and CEODirectSell106202615.457,823120,8432,326,828Form
82Moll, Laurent RChief Operating OfficerDirectSell106202615.455,37382,9973,892,561Form
83Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell106202615.454,47269,0791,358,711Form
84Alpern, Paul LVP and General CounselDirectSell106202615.458,309128,368957,364Form
85Moll, Laurent RChief Operating OfficerDirectSell1211202518.9617,937340,1124,877,315Form
86Viana, Antonio JViana Family TrustSell1210202518.0120,000360,1942,964,757Form
87Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1210202517.5672112,6611,623,088Form
88Moll, Laurent RChief Operating OfficerDirectSell1209202517.9217,937321,4334,930,877Form
89Bayview, Legacy, LlcSee FootnoteSell1209202517.7170,0001,239,966167,733,230Form
90Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1209202517.7170,0001,239,966167,733,230Form
91Moll, Laurent RChief Operating OfficerDirectSell1209202516.9717,200291,8624,973,458Form
92Bayview, Legacy, LlcSee FootnoteSell1209202517.0860,0001,024,674162,907,301Form
93Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1209202517.0860,0001,024,674162,907,301Form
94Bayview, Legacy, LlcSee FootnoteSell1208202516.4640,000658,472158,017,987Form
95Alpern, Paul LVP and General CounselDirectSell1208202516.097,500120,6391,049,994Form
96Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1208202516.4640,000658,472158,017,987Form
97Janac, K CharlesPresident and CEODirectSell1204202515.522,05831,9432,459,428Form
98Alpern, Paul LVP and General CounselDirectSell1204202514.794256,286965,447Form
99Moll, Laurent RChief Operating OfficerDirectSell1204202514.792022,9884,589,278Form
100Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1204202514.824386,4931,380,941Form
101Janac, K CharlesPresident and CEODirectSell1204202514.821,24618,4712,379,541Form
102Alpern, Paul LVP and General CounselDirectSell1204202514.822583,825974,006Form
103Moll, Laurent RChief Operating OfficerDirectSell1204202514.826129,0734,603,009Form
104Alpern, Paul LVP and General CounselDirectSell1203202514.305,00071,494943,155Form
105Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1112202514.7450,000736,830142,047,134Form
106Bayview, Legacy, LlcSee FootnoteSell1112202514.7450,000736,830142,047,134Form
107Moll, Laurent RChief Operating OfficerDirectSell1107202515.4232,775505,4994,798,343Form
108Alpern, Paul LVP and General CounselDirectSell1105202513.165,00065,810868,166Form
109Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1010202513.0750,000653,710126,676,852Form
110Bayview, Legacy, LlcSee FootnoteSell1010202513.0750,000653,710126,676,852Form
111Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1008202513.216,42184,8041,236,071Form
112Janac, K CharlesPresident and CEODirectSell1008202514.005,75580,5702,264,626Form
113Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1008202513.10100,0001,310,450127,625,656Form
114Bayview, Legacy, LlcSee FootnoteSell1008202513.10100,0001,310,450127,625,656Form
115Viana, Antonio JViana Family TrustSell1006202514.0011,841165,7742,584,680Form
116Moll, Laurent RChief Operating OfficerDirectSell1006202512.6617,200217,7494,353,515Form
117Alpern, Paul LVP and General CounselDirectSell1006202511.084,75052,640730,969Form
118Moll, Laurent RChief Operating OfficerDirectSell1006202511.091,55417,2294,003,205Form
119Janac, K CharlesPresident and CEODirectSell1006202511.0711,821130,8641,854,464Form
120Alpern, Paul LVP and General CounselDirectSell1006202510.922,87731,419772,210Form
121Moll, Laurent RChief Operating OfficerDirectSell1006202510.9823,762260,8343,980,670Form
122Janac, K CharlesPresident and CEODirectSell1006202510.927,14778,0511,958,482Form
123Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1006202510.923,88742,4491,092,200Form
124Alpern, Paul LVP and General CounselDirectSell1003202510.315,00051,544758,601Form
125Alpern, Paul LVP and General CounselDirectSell91720258.8810,00088,805653,489Form
126Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell91020258.693,66031,806902,905Form
127Alpern, Paul LVP and General CounselDirectSell91020258.692,27819,794639,397Form
128Alpern, Paul LVP and General CounselDirectSell91020258.984243,808681,268Form
129Moll, Laurent RChief Operating OfficerDirectSell90920258.611511,3003,326,913Form
130Moll, Laurent RChief Operating OfficerDirectSell90920258.748,12971,0753,379,779Form
131Moll, Laurent RChief Operating OfficerDirectSell90920258.804,69841,3643,474,969Form
132Janac, K CharlesPresident and CEODirectSell90820258.732,05717,9481,627,149Form
133Moll, Laurent RChief Operating OfficerDirectSell90320258.9442,692381,7393,571,127Form
134Janac, K CharlesPresident and CEODirectSell90320258.941,24611,1411,685,859Form
135Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell90320258.944383,916961,751Form
136Alpern, Paul LVP and General CounselDirectSell90320258.942582,307682,153Form

Investor Activity (13F)

Updated Sep 14, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Westerly Capital Management, LLC$7.6 Mil2.4%36TRIM -64.1%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Westerly Capital Management, LLC$7.6 Mil2.4%36TRIM -64.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Westerly Capital Management, LLC$7.6 Mil2.4%36TRIM -64.1%13F
Core Cache Last Updated: 9/13/2026