Arteris, Inc. (NASDAQ:AIP) CFO Sells $27,682.56 in Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 3,888 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total transaction of $27,682.56. Following the completion of the transaction, the chief financial officer now directly owns 181,545 shares in the company, valued at $1,292,600.40. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arteris Stock Performance

NASDAQ:AIP opened at $5.99 on Friday. 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 fifty-two week low of $5.76 and a fifty-two week high of $12.64. The business has a 50 day moving average price of $8.70 and a 200-day moving average price of $8.78. The firm has a market cap of $245.28 million, a PE ratio of -6.88 and a beta of 1.21.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $15.49 million for the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. Equities research analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.

Institutional Investors Weigh In On Arteris

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AIP. Northland Securities increased their target price on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Arteris in a research note on Tuesday, February 18th.

Arteris Company Profile

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.