Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $7.22, for a total transaction of $72,200.00. Following the completion of the sale, the chief financial officer now owns 252,896 shares of the company's stock, valued at $1,825,909.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Arteris Price Performance
AIP opened at $7.25 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.09. Arteris, Inc. has a 52-week low of $3.57 and a 52-week high of $8.08. The company has a 50 day moving average of $7.04 and a two-hundred day moving average of $6.14. The company has a market cap of $274.41 million, a P/E ratio of -6.97 and a beta of 1.03.
Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Arteris had a negative return on equity of 150.71% and a negative net margin of 68.70%. The business had revenue of $12.50 million for the quarter, compared to analysts' expectations of $11.90 million. On average, analysts expect that Arteris, Inc. will post -0.9 earnings per share for the current year.
Institutional Inflows and Outflows
AI finds its first serious application
From Wall Street Star | Ad
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing.
Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Click here to learn more about the booming eHealth industry
A number of institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of Arteris by 12.3% during the first quarter. Franklin Resources Inc. now owns 1,468,200 shares of the company's stock worth $6,210,000 after purchasing an additional 161,000 shares in the last quarter. Vanguard Group Inc. lifted 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 purchasing an additional 164,628 shares in the last quarter. Needham Investment Management LLC lifted 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 purchasing an additional 660,000 shares in the last quarter. BlackRock Inc. lifted its position in shares of Arteris by 1.4% during the first quarter. BlackRock Inc. now owns 929,238 shares of the company's stock worth $3,931,000 after purchasing an additional 12,752 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Arteris by 29.9% during the first quarter. Lord Abbett & CO. LLC now owns 677,617 shares of the company's stock worth $8,809,000 after purchasing an additional 156,052 shares in the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wedbush reiterated an "outperform" rating and set a $17.00 price objective on shares of Arteris in a research note on Tuesday, February 20th.
View Our Latest Stock Report on Arteris
About Arteris
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
