Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern Sells 3,609 Shares

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 3,609 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 value of $21,762.27. Following the completion of the sale, the vice president now directly owns 83,717 shares of the company’s stock, valued at $504,813.51. The trade was a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Arteris Trading Down 9.2 %

Shares of AIP stock opened at $5.99 on Monday. The company has a market capitalization of $245.28 million, a P/E ratio of -6.88 and a beta of 1.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.81. Arteris, Inc. has a twelve month low of $5.76 and a twelve month high of $12.64.

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

Institutional Investors Weigh In On Arteris

A number of hedge funds have recently added to or reduced their stakes in AIP. PVG Asset Management Corp purchased a new position in shares of Arteris during the 4th quarter worth approximately $151,000. PharVision Advisers LLC acquired a new position in Arteris during the fourth quarter worth $173,000. Squarepoint Ops LLC purchased a new position in Arteris in the fourth quarter worth $160,000. Two Sigma Advisers LP lifted its holdings in Arteris by 82.9% in the fourth quarter. Two Sigma Advisers LP now owns 23,600 shares of the company’s stock valued at $240,000 after acquiring an additional 10,700 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of Arteris by 166.0% during the 4th quarter. Two Sigma Investments LP now owns 60,533 shares of the company’s stock worth $617,000 after purchasing an additional 37,772 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Upgrades and Downgrades

AIP has been the subject of a number of research reports. Northland Securities boosted their price objective on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Arteris in a research note on Tuesday, February 18th.

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.