Arteris (NASDAQ:AIP) COO Laurent Moll Sells 9,219 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 9,219 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $20.85, for a total transaction of $192,216.15. Following the transaction, the chief operating officer directly owned 212,478 shares in the company, valued at approximately $4,430,166.30. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Arteris Price Performance

Shares of AIP stock opened at $20.41 on Wednesday. The company has a market capitalization of $1.00 billion, a PE ratio of -23.46 and a beta of 1.91. The firm has a fifty day simple moving average of $27.32 and a 200-day simple moving average of $27.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Arteris, Inc. has a twelve month low of $8.75 and a twelve month high of $50.26.

Arteris (NASDAQ:AIP) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $24.13 million for the quarter, compared to analysts’ expectations of $23.48 million. Arteris had a negative return on equity of 295.96% and a negative net margin of 46.70%. Equities research analysts anticipate that Arteris, Inc. will post -0.68 earnings per share for the current fiscal year.

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Arteris by 33.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,150 shares of the company’s stock valued at $56,000 after purchasing an additional 290 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Arteris in the second quarter worth $53,000. Allworth Financial LP acquired a new stake in Arteris in the second quarter worth $87,000. Wellington Management Group LLP lifted its stake in Arteris by 0.4% in the second quarter. Wellington Management Group LLP now owns 500,200 shares of the company’s stock valued at $24,305,000 after buying an additional 1,897 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Arteris by 366.7% in the first quarter. Royal Bank of Canada now owns 4,023 shares of the company’s stock valued at $66,000 after buying an additional 3,161 shares during the last quarter. 64.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AIP. Oppenheimer began coverage on Arteris in a report on Thursday, July 16th. They issued an “outperform” rating and a $40.00 price target for the company. Weiss Ratings raised Arteris from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 21st. Roth Capital initiated coverage on Arteris in a research note on Tuesday, August 4th. They set a “buy” rating and a $40.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $38.00 price target on shares of Arteris in a research report on Friday, August 7th. Finally, Jefferies Financial Group upgraded shares of Arteris from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $50.00 in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Arteris Company Profile

Arteris, Inc is a semiconductor intellectual property company that provides network-on-chip (NoC) interconnect and system IP for the design of complex systems-on-chip (SoCs). Its technologies help semiconductor and electronics companies connect processor cores, memory, peripherals and other functional blocks within a chip while supporting data movement, system integration and design reuse.

The company’s product portfolio includes FlexNoC interconnect IP, Ncore cache-coherent interconnect IP and CodaCache system IP.