Arteris (NASDAQ:AIP) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Arteris (NASDAQ:AIP - Free Report) in a research note released on Monday morning, Benzinga reports. Jefferies Financial Group currently has a $9.00 price objective on the stock, down from their prior price objective of $11.00.

Several other research firms also recently weighed in on AIP. Rosenblatt Securities reaffirmed a buy rating and issued a $15.00 target price on shares of Arteris in a research report on Friday, May 3rd. Wedbush restated an outperform rating and issued a $17.00 price target on shares of Arteris in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $13.40.

Arteris Trading Down 2.7 %

Shares of AIP stock traded down $0.22 during trading hours on Monday, hitting $8.05. The company had a trading volume of 153,962 shares, compared to its average volume of 161,281. Arteris has a fifty-two week low of $4.15 and a fifty-two week high of $9.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.24 and a quick ratio of 1.24. The company's fifty day moving average is $7.14 and its 200 day moving average is $6.29. The stock has a market capitalization of $309.76 million, a PE ratio of -7.39 and a beta of 1.04.

Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.01). Arteris had a negative return on equity of 198.35% and a negative net margin of 69.70%. The firm had revenue of $12.50 million for the quarter, compared to analyst estimates of $11.90 million. Research analysts expect that Arteris will post -0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Nicholas B. Hawkins sold 10,000 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $6.98, for a total transaction of $69,800.00. Following the sale, the chief financial officer now owns 268,569 shares of the company's stock, valued at approximately $1,874,611.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Nicholas B. Hawkins sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.98, for a total transaction of $69,800.00. Following the transaction, the chief financial officer now owns 268,569 shares in the company, valued at approximately $1,874,611.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paul L. Alpern sold 11,250 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $6.39, for a total value of $71,887.50. Following the completion of the sale, the vice president now owns 81,042 shares of the company's stock, valued at approximately $517,858.38. The disclosure for this sale can be found here. Insiders sold 70,264 shares of company stock worth $492,283 over the last 90 days. 33.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC purchased a new position in shares of Arteris in the 3rd quarter valued at approximately $120,000. Ibex Investors LLC acquired a new stake in Arteris during the third quarter worth approximately $99,000. Acadian Asset Management LLC grew its stake in Arteris by 120.1% in the 3rd quarter. Acadian Asset Management LLC now owns 368,220 shares of the company's stock worth $2,396,000 after acquiring an additional 200,950 shares during the period. Federated Hermes Inc. raised its holdings in Arteris by 8.3% in the 3rd quarter. Federated Hermes Inc. now owns 130,000 shares of the company's stock valued at $846,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Arteris during the third quarter worth $142,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

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.