Arteris, Inc. (NASDAQ:AIP) CFO Sells $80,100.00 in Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 10,000 shares of the company's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $8.01, for a total transaction of $80,100.00. Following the completion of the sale, the chief financial officer now owns 242,896 shares in the company, valued at approximately $1,945,596.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arteris Stock Performance

Shares of Arteris stock traded up $0.32 on Tuesday, hitting $8.37. 113,747 shares of the company's stock were exchanged, compared to its average volume of 160,769. The company has a 50-day simple moving average of $7.15 and a 200-day simple moving average of $6.31. The stock has a market capitalization of $322.08 million, a PE ratio of -7.94 and a beta of 1.04. Arteris, Inc. has a 1 year low of $4.15 and a 1 year high of $9.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.24 and a current ratio of 1.24.

Arteris (NASDAQ:AIP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The firm had revenue of $12.50 million for the quarter, compared to the consensus estimate of $11.90 million. Arteris had a negative net margin of 69.70% and a negative return on equity of 198.35%. As a group, equities analysts anticipate that Arteris, Inc. will post -0.86 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AIP. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 price target on shares of Arteris in a research report on Friday, May 3rd. Wedbush reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Arteris in a research report on Tuesday, February 20th. Finally, Jefferies Financial Group restated a "hold" rating and set a $9.00 price objective (down from $11.00) on shares of Arteris in a research note on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.40.

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Arteris by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company's stock valued at $8,390,000 after purchasing an additional 3,242 shares during the period. Acadian Asset Management LLC increased its holdings in Arteris by 28.1% in the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company's stock valued at $3,911,000 after acquiring an additional 117,312 shares during the last quarter. Roubaix Capital LLC increased its holdings in Arteris by 34.5% in the 4th quarter. Roubaix Capital LLC now owns 342,664 shares of the company's stock valued at $2,018,000 after acquiring an additional 87,920 shares during the last quarter. Acuitas Investments LLC increased its holdings in Arteris by 150.3% in the 4th quarter. Acuitas Investments LLC now owns 215,991 shares of the company's stock valued at $1,272,000 after acquiring an additional 129,692 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Arteris by 26.9% in the 1st quarter. GSA Capital Partners LLP now owns 132,952 shares of the company's stock valued at $973,000 after acquiring an additional 28,165 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors.

About Arteris

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.

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