Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells 4,949 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,949 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $6.03, for a total transaction of $29,842.47. Following the completion of the transaction, the chief financial officer now owns 176,596 shares in the company, valued at $1,064,873.88. The trade was a 2.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Arteris Stock Performance

Shares of AIP opened at $5.99 on Monday. The company has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $8.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $245.28 million, a PE ratio of -6.88 and a beta of 1.31. Arteris, Inc. has a one year low of $5.76 and a one year high of $12.64.

Arteris (NASDAQ:AIP) last released its earnings results on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The firm had revenue of $15.49 million during the quarter, compared to analysts’ expectations of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. On average, analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIP. Northland Securities boosted their price target on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Arteris in a research note on Tuesday, February 18th.

Institutional Trading of Arteris

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp increased its position in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after buying an additional 64,081 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Arteris by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock valued at $712,000 after acquiring an additional 37,032 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after purchasing an additional 36,908 shares during the last quarter. Barclays PLC boosted its stake in Arteris by 321.1% in the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after purchasing an additional 30,041 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Arteris by 36.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock valued at $1,955,000 after purchasing an additional 67,414 shares during the last quarter. 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.