Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll Sells 4,703 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 4,703 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $33,485.36. Following the sale, the chief operating officer now owns 482,833 shares in the company, valued at approximately $3,437,770.96. This trade represents a 0.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Arteris Stock Performance

Arteris stock opened at $5.99 on Friday. The stock has a fifty day moving average price of $8.70 and a 200 day moving average price of $8.78. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 52 week low of $5.76 and a 52 week high of $12.64. The firm has a market capitalization of $245.28 million, a P/E ratio of -6.88 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

AIP has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Arteris in a research note on Tuesday, February 18th. Northland Securities raised their target price 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.

Hedge Funds Weigh In On Arteris

A number of large investors have recently bought and sold shares of AIP. Needham Investment Management LLC grew its stake in shares of Arteris by 0.4% during the 4th quarter. Needham Investment Management LLC now owns 2,745,000 shares of the company’s stock valued at $27,972,000 after buying an additional 10,000 shares during the period. Franklin Resources Inc. boosted its holdings in Arteris by 0.8% in the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after acquiring an additional 12,375 shares during the last quarter. Samjo Management LLC grew its position in Arteris by 0.9% during the fourth quarter. Samjo Management LLC now owns 1,157,250 shares of the company’s stock valued at $11,792,000 after acquiring an additional 10,000 shares during the period. Geode Capital Management LLC increased its stake in Arteris by 6.6% during the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after purchasing an additional 64,081 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

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.