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

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent R. Moll sold 4,703 shares of the firm's stock in a transaction dated 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 directly owns 482,833 shares in the company, valued at approximately $3,437,770.96. The trade was a 0.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arteris Stock Performance

AIP stock traded up $0.29 during midday trading on Wednesday, hitting $5.88. 45,555 shares of the stock traded hands, compared to its average volume of 253,211. The stock's fifty day simple moving average is $8.40 and its 200-day simple moving average is $8.76. The firm has a market cap of $240.77 million, a P/E ratio of -6.76 and a beta of 1.31. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $12.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIP. Needham Investment Management LLC increased its holdings in shares of Arteris by 0.4% in the fourth quarter. Needham Investment Management LLC now owns 2,745,000 shares of the company's stock valued at $27,972,000 after purchasing an additional 10,000 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Arteris by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company's stock worth $11,201,000 after acquiring an additional 12,375 shares during the last quarter. Samjo Management LLC increased its stake in shares of Arteris by 0.9% in the 4th quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock worth $11,792,000 after acquiring an additional 10,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Arteris by 6.6% during the 3rd 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 period. Finally, State Street Corp boosted its position in shares of Arteris by 18.5% during the 3rd 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 during the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AIP shares. Northland Securities upped their target price on Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Rosenblatt Securities restated a "buy" rating and set a $15.00 price target 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.