Laurent R. Moll Sells 37,561 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 37,561 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $7.49, for a total transaction of $281,331.89. Following the completion of the sale, the chief operating officer now owns 544,468 shares of the company’s stock, valued at approximately $4,078,065.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Arteris Price Performance

Arteris stock traded down $0.23 during mid-day trading on Friday, hitting $7.05. 182,935 shares of the company traded hands, compared to its average volume of 182,094. The stock has a market cap of $271.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.12. Arteris, Inc. has a one year low of $4.20 and a one year high of $9.54. The stock has a fifty day moving average price of $7.86 and a 200-day moving average price of $7.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14 and a current ratio of 1.14.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $14.58 million for the quarter, compared to analysts’ expectations of $13.68 million. Arteris had a negative net margin of 68.37% and a negative return on equity of 274.66%. During the same period in the previous year, the firm posted ($0.25) earnings per share. On average, equities analysts predict that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC grew its position in Arteris by 25.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after purchasing an additional 143,385 shares during the last quarter. Acadian Asset Management LLC grew its position in Arteris by 28.1% during the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after purchasing an additional 117,312 shares during the last quarter. Roubaix Capital LLC grew its position in Arteris by 34.5% during the 4th quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock valued at $2,018,000 after purchasing an additional 87,920 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Arteris during the 2nd quarter valued at about $580,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Arteris during the 2nd quarter valued at about $554,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AIP has been the subject of a number of research analyst reports. Westpark Capital restated a “buy” rating and set a $11.00 price objective on shares of Arteris in a report on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $9.00 price objective (down previously from $11.00) on shares of Arteris in a report on Monday, May 13th. Finally, Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Arteris in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.20.

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.