Insider Selling: Arteris, Inc. (NASDAQ:AIP) VP Sells 2,878 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) VP Paul L. Alpern sold 2,878 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $20,491.36. Following the sale, the vice president now directly owns 87,326 shares in the company, valued at approximately $621,761.12. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Arteris Stock Performance

AIP stock traded up $0.29 during mid-day trading on Wednesday, reaching $5.88. The company had a trading volume of 45,555 shares, compared to its average volume of 253,211. Arteris, Inc. has a one year low of $5.46 and a one year high of $12.64. The stock has a market capitalization of $240.77 million, a P/E ratio of -6.76 and a beta of 1.31. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. The stock's 50-day simple moving average is $8.40 and its two-hundred day simple moving average is $8.76.

Arteris (NASDAQ:AIP - Get Free Report) last posted 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). Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. The firm had revenue of $15.49 million for the quarter, compared to analyst estimates of $15.34 million. Research analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Trading of Arteris

Large investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC boosted its position in Arteris by 0.4% during the 4th quarter. Needham Investment Management LLC now owns 2,745,000 shares of the company's stock worth $27,972,000 after acquiring an additional 10,000 shares during the period. Franklin Resources Inc. lifted 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 worth $11,201,000 after purchasing an additional 12,375 shares during the period. Samjo Management LLC grew its position in Arteris by 0.9% in the 4th quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock valued at $11,792,000 after buying an additional 10,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company's stock valued at $4,610,000 after buying an additional 36,908 shares during the period. Finally, State Street Corp raised 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 worth $3,170,000 after buying an additional 64,081 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AIP shares. Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Arteris in a report on Tuesday, February 18th. Northland Securities increased their price objective on shares of Arteris from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th.

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.