Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 2,242 shares of the business's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $7.28, for a total transaction of $16,321.76. Following the transaction, the chief financial officer now directly owns 262,896 shares in the company, valued at $1,913,882.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Arteris Trading Down 6.0 %
AIP opened at $7.06 on Friday. The stock has a market capitalization of $267.22 million, a PE ratio of -6.79 and a beta of 1.03. The firm's fifty day moving average price is $6.89 and its 200 day moving average price is $6.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.26 and a quick ratio of 1.26. Arteris, Inc. has a 12-month low of $3.57 and a 12-month high of $8.08.
Arteris (NASDAQ:AIP - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.01). The business had revenue of $12.50 million for the quarter, compared to analyst estimates of $11.90 million. Arteris had a negative return on equity of 150.71% and a negative net margin of 68.70%. As a group, research analysts expect that Arteris, Inc. will post -0.99 EPS for the current fiscal year.
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Separately, Wedbush reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Arteris in a report on Tuesday, February 20th.
Read Our Latest Stock Report on Arteris
Hedge Funds Weigh In On Arteris
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Arteris by 16.8% during the fourth quarter. Vanguard Group Inc. now owns 1,142,982 shares of the company's stock worth $6,732,000 after acquiring an additional 164,628 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Arteris during the fourth quarter worth about $103,000. GSA Capital Partners LLP grew its position in shares of Arteris by 8.8% during the fourth quarter. GSA Capital Partners LLP now owns 104,787 shares of the company's stock worth $617,000 after acquiring an additional 8,441 shares during the last quarter. Barclays PLC grew its position in shares of Arteris by 138.8% during the fourth quarter. Barclays PLC now owns 44,023 shares of the company's stock worth $259,000 after acquiring an additional 25,591 shares during the last quarter. Finally, Needham Investment Management LLC grew its position in shares of Arteris by 188.6% during the fourth quarter. Needham Investment Management LLC now owns 1,010,000 shares of the company's stock worth $5,949,000 after acquiring an additional 660,000 shares during the last quarter. Institutional investors own 64.36% of the company's stock.
About Arteris
(
Get Free Report)
Arteris, Inc provides semiconductor interconnect intellectual property (IP) and IP deployment solutions 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 System-on-Chip (Soc) designs and Network-on-Chip (NoC) interconnect IP.
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