Arteris, Inc. (NASDAQ:AIP - Get Free Report) VP Paul L. Alpern sold 11,250 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $6.39, for a total transaction of $71,887.50. Following the completion of the transaction, the vice president now owns 81,042 shares of the company's stock, valued at approximately $517,858.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Arteris Stock Performance
Shares of AIP opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50 day moving average is $6.95 and its 200-day moving average is $6.18. Arteris, Inc. has a 12-month low of $3.82 and a 12-month high of $8.24. The stock has a market capitalization of $315.02 million, a P/E ratio of -7.89 and a beta of 1.04.
Arteris (NASDAQ:AIP - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.01). The company 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%. Equities research analysts anticipate that Arteris, Inc. will post -0.9 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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Several research firms have recently issued reports on AIP. Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price objective on shares of Arteris in a report on Friday. Wedbush reaffirmed an "outperform" rating and set a $17.00 price target on shares of Arteris in a research note on Tuesday, February 20th.
Check Out Our Latest Stock Analysis on AIP
Institutional Trading of Arteris
A number of hedge funds have recently made changes to their positions in AIP. Worth Venture Partners LLC grew its holdings in shares of Arteris by 22.6% during the 3rd quarter. Worth Venture Partners LLC now owns 51,301 shares of the company's stock valued at $334,000 after acquiring an additional 9,448 shares in the last quarter. Federated Hermes Inc. boosted its position in Arteris by 8.3% during the third quarter. Federated Hermes Inc. now owns 130,000 shares of the company's stock valued at $846,000 after purchasing an additional 10,000 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Arteris in the fourth quarter valued at about $60,000. Ibex Investors LLC acquired a new position in Arteris in the 3rd quarter worth about $99,000. Finally, Barclays PLC purchased a new stake in shares of Arteris during the 3rd quarter worth about $120,000. 64.36% of the stock is owned by hedge funds and other institutional investors.
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.
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