Arteris, Inc. (NASDAQ:AIP) VP Sells $71,887.50 in Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 11,250 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $6.39, for a total value of $71,887.50. Following the transaction, the vice president now directly owns 81,042 shares in the company, valued at $517,858.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Arteris Stock Performance

Shares of Arteris stock opened at $8.21 on Monday. The company has a market cap of $315.02 million, a PE ratio of -7.97 and a beta of 1.04. Arteris, Inc. has a 52 week low of $3.82 and a 52 week high of $8.24. The business has a 50 day moving average price of $6.95 and a 200-day moving average price of $6.19. 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 (NASDAQ:AIP) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $12.50 million during the quarter, compared to analysts’ expectations of $11.90 million. Arteris had a negative return on equity of 170.93% and a negative net margin of 69.70%. Equities analysts anticipate that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arteris

Several institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its holdings in shares of Arteris by 26.9% in the first quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock valued at $973,000 after acquiring an additional 28,165 shares in the last quarter. Worth Venture Partners LLC grew its holdings in shares of Arteris by 114.3% in the fourth quarter. Worth Venture Partners LLC now owns 109,921 shares of the company’s stock valued at $647,000 after acquiring an additional 58,620 shares in the last quarter. Roubaix Capital LLC grew its holdings in Arteris by 34.5% during the fourth quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock valued at $2,018,000 after purchasing an additional 87,920 shares during the period. Victory Capital Management Inc. bought a new position in Arteris during the fourth quarter valued at $60,000. Finally, Acuitas Investments LLC grew its holdings in Arteris by 150.3% during the fourth quarter. Acuitas Investments LLC now owns 215,991 shares of the company’s stock valued at $1,272,000 after purchasing an additional 129,692 shares during the period. 64.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AIP shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Arteris in a research note 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.

About Arteris

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.