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

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 3,609 shares of Arteris stock in a transaction on Friday, April 4th. The stock was sold at an average price of $6.03, for a total value of $21,762.27. Following the sale, the vice president now owns 83,717 shares in the company, valued at $504,813.51. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Arteris Stock Down 9.2 %

Shares of NASDAQ AIP opened at $5.99 on Friday. The business’s fifty day moving average price is $8.70 and its 200-day moving average price is $8.79. Arteris, Inc. has a one year low of $5.76 and a one year high of $12.64. The stock has a market capitalization of $245.28 million, a PE ratio of -6.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17.

Arteris (NASDAQ:AIP) last issued its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share 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 business had revenue of $15.49 million for the quarter, compared to the consensus estimate of $15.34 million. On average, equities research analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Investors Weigh In On Arteris

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE grew its position in shares of Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after purchasing an additional 1,283 shares in the last quarter. American Century Companies Inc. grew its holdings in Arteris by 6.0% during the 4th quarter. American Century Companies Inc. now owns 30,357 shares of the company’s stock valued at $309,000 after buying an additional 1,731 shares in the last quarter. EntryPoint Capital LLC grew its holdings in Arteris by 14.0% during the 4th quarter. EntryPoint Capital LLC now owns 19,814 shares of the company’s stock valued at $202,000 after buying an additional 2,430 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Arteris by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company’s stock valued at $802,000 after buying an additional 3,298 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Arteris by 38.9% in the fourth quarter. Wells Fargo & Company MN now owns 13,192 shares of the company’s stock worth $134,000 after buying an additional 3,694 shares in the last quarter. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Northland Securities lifted their target price on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research report 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.