Arteris (NASDAQ:AIP) VP Sells $83,080.00 in Stock

Key Points

• Arteris VP Paul Alpern sold 4,000 shares at an average price of $20.77, generating $83,080. After the transaction, he retained 70,733 shares, a 5.35% reduction in his position.
• Arteris shares traded at $20.68, well below their 12-month high of $50.26. The company recently reported a quarterly loss of $0.10 per share, missing estimates, despite revenue exceeding expectations.
• Analysts maintain a generally positive outlook, with five Buy ratings and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $41.00.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) VP Paul Alpern sold 4,000 shares of Arteris stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $20.77, for a total transaction of $83,080.00. Following the transaction, the vice president directly owned 70,733 shares in the company, valued at $1,469,124.41. This represents a 5.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Arteris Price Performance

NASDAQ:AIP traded down $0.16 on Thursday, reaching $20.68. 624,268 shares of the company's stock traded hands, compared to its average volume of 734,831. The firm has a market cap of $1.02 billion, a PE ratio of -23.77 and a beta of 1.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $30.68 and a 200-day simple moving average of $27.41. Arteris, Inc. has a 12 month low of $8.42 and a 12 month high of $50.26.

Arteris (NASDAQ:AIP - Get Free Report) last issued its 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). Arteris had a negative net margin of 46.70% and a negative return on equity of 295.96%. The business had revenue of $24.13 million for the quarter, compared to the consensus estimate of $23.48 million. Equities research analysts forecast that Arteris, Inc. will post -0.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $38.00 price target on shares of Arteris in a research note on Friday, August 7th. Northland Securities set a $38.00 target price on shares of Arteris in a research note on Wednesday, May 13th. Weiss Ratings upgraded Arteris from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 21st. TD Cowen increased their price objective on Arteris from $22.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. Finally, Roth Capital assumed coverage on Arteris in a report on Tuesday, August 4th. They set a "buy" rating and a $40.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Arteris has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in shares of 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 acquiring an additional 290 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Arteris during the second quarter worth $53,000. Intech Investment Management LLC lifted its holdings in shares of Arteris by 9.3% during the fourth quarter. Intech Investment Management LLC now owns 13,540 shares of the company's stock valued at $210,000 after purchasing an additional 1,148 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Arteris by 7.7% during the fourth quarter. Deutsche Bank AG now owns 21,159 shares of the company's stock valued at $328,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in Arteris in the 2nd quarter worth about $87,000. 64.36% of the stock is owned by institutional investors and hedge funds.

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.

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