Paul L. Alpern Sells 2,878 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 2,878 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $20,491.36. Following the completion of the sale, the vice president now owns 87,326 shares of the company’s stock, valued at $621,761.12. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arteris Trading Down 9.2 %

Shares of AIP stock opened at $5.99 on Friday. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s fifty day moving average is $8.70 and its two-hundred day moving average is $8.79. The firm has a market capitalization of $245.28 million, a P/E ratio of -6.88 and a beta of 1.31.

Arteris (NASDAQ:AIP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. The business had revenue of $15.49 million for the quarter, compared to analyst estimates of $15.34 million. Research analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arteris

Large investors have recently made changes to their positions in the stock. PVG Asset Management Corp acquired a new position in Arteris during the fourth quarter worth $151,000. PharVision Advisers LLC purchased a new position in shares of Arteris during the 4th quarter worth $173,000. Squarepoint Ops LLC acquired a new position in shares of Arteris during the 4th quarter valued at about $160,000. Two Sigma Advisers LP grew its holdings in shares of Arteris by 82.9% in the fourth quarter. Two Sigma Advisers LP now owns 23,600 shares of the company’s stock valued at $240,000 after purchasing an additional 10,700 shares during the period. Finally, Two Sigma Investments LP grew its holdings in shares of Arteris by 166.0% in the fourth quarter. Two Sigma Investments LP now owns 60,533 shares of the company’s stock valued at $617,000 after purchasing an additional 37,772 shares during the period. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on AIP shares. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Arteris in a report on Tuesday, February 18th. Northland Securities upped their price target on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th.

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.