Arteris (NASDAQ:AIP) COO Laurent Moll Sells 990 Shares

Key Points

• COO Laurent Moll sold 990 shares on April 10 at an average of $19.90 for about $19,701, trimming his stake by 0.35% to 279,982 shares valued near $5.57M.
• Arteris beat expectations for the quarter with ($0.05) EPS vs. a ($0.08) consensus and revenue of $20.14M versus $18.55M, indicating improving results.
• The stock traded at $20.17 (up ~1.8%), near its 52-week high of $20.40, with a market cap of roughly $917M and mixed analyst ratings yielding a consensus target of $20.17.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent Moll sold 990 shares of the business's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $19.90, for a total transaction of $19,701.00. Following the transaction, the chief operating officer owned 279,982 shares of the company's stock, valued at $5,571,641.80. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arteris Stock Up 1.8%

NASDAQ AIP traded up $0.35 on Tuesday, hitting $20.17. 545,587 shares of the stock were exchanged, compared to its average volume of 473,921. Arteris, Inc. has a fifty-two week low of $5.64 and a fifty-two week high of $20.40. The company has a market cap of $917.13 million, a PE ratio of -24.60 and a beta of 1.43. The company has a 50-day moving average price of $16.03 and a 200-day moving average price of $15.28.

Arteris (NASDAQ:AIP - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $20.14 million for the quarter, compared to analyst estimates of $18.55 million. As a group, equities research analysts predict that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in shares of Arteris by 9.3% in the 4th quarter. Intech Investment Management LLC now owns 13,540 shares of the company's stock valued at $210,000 after buying an additional 1,148 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Arteris by 7.7% in the 4th quarter. Deutsche Bank AG now owns 21,159 shares of the company's stock valued at $328,000 after buying an additional 1,504 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Arteris by 75.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company's stock valued at $61,000 after buying an additional 2,595 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Arteris by 12.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company's stock valued at $242,000 after buying an additional 2,613 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of Arteris by 16.5% in the 3rd quarter. Strs Ohio now owns 20,500 shares of the company's stock valued at $207,000 after buying an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company's stock.

Wall Street Analysts Forecast Growth

AIP has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Arteris in a report on Friday, February 13th. Wall Street Zen upgraded shares of Arteris from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Arteris in a report on Wednesday, January 21st. Finally, Northland Securities set a $24.00 target price on shares of Arteris in a report on Friday, February 13th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.17.

About Arteris

Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company's core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.

Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.