Arteris, Inc. (NASDAQ:AIP) VP Sells $21,762.27 in Stock

by · The Cerbat Gem

Arteris, Inc. (NASDAQ:AIP – Get Free Report) VP Paul L. Alpern sold 3,609 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $6.03, for a total value of $21,762.27. Following the completion of the transaction, the vice president now directly owns 83,717 shares of the company’s stock, valued at approximately $504,813.51. This represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Arteris Trading Down 9.2 %

Shares of NASDAQ AIP traded down $0.61 during trading on Friday, hitting $5.99. 225,185 shares of the company were exchanged, compared to its average volume of 195,798. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64. The company has a fifty day moving average price of $8.70 and a 200-day moving average price of $8.78. The firm has a market capitalization of $245.28 million, a PE ratio of -6.88 and a beta of 1.21.

Arteris (NASDAQ:AIP – Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. As a group, equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its position in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares during the period. JPMorgan Chase & Co. increased its position in shares of Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after purchasing an additional 37,032 shares during the last quarter. Geode Capital Management LLC lifted its position in Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after buying an additional 36,908 shares during the last quarter. Barclays PLC lifted its position in Arteris by 321.1% in the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after buying an additional 30,041 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Arteris by 36.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after buying an additional 67,414 shares during the period. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Northland Securities upped their target price on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a report on Tuesday, February 18th.

Get Our Latest Stock Report on AIP

Arteris Company Profile

(Get Free Report)

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.

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