Arteris (NASDAQ:AIP) COO Sells 17,200 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 17,200 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $16.97, for a total transaction of $291,884.00. Following the sale, the chief operating officer directly owned 293,096 shares in the company, valued at $4,973,839.12. This trade represents a 5.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Arteris Trading Up 5.6%

AIP traded up $1.01 on Tuesday, reaching $19.19. The stock had a trading volume of 1,112,895 shares, compared to its average volume of 590,407. The business’s 50-day moving average price is $13.75 and its two-hundred day moving average price is $10.77. The company has a market cap of $838.22 million, a P/E ratio of -23.12 and a beta of 1.48. Arteris, Inc. has a 12-month low of $5.46 and a 12-month high of $19.30.

Arteris (NASDAQ:AIP) last posted its earnings results on Tuesday, November 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $17.41 million for the quarter, compared to analysts’ expectations of $17.00 million. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%. As a group, analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.

Institutional Trading of Arteris

Several hedge funds have recently modified their holdings of AIP. Raymond James Financial Inc. acquired a new position in Arteris during the 2nd quarter worth $32,000. BNP Paribas Financial Markets increased its holdings in shares of Arteris by 75.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock valued at $61,000 after acquiring an additional 2,595 shares during the period. Savant Capital LLC acquired a new position in Arteris in the 2nd quarter valued at about $97,000. Kapitalo Investimentos Ltda purchased a new position in Arteris during the 2nd quarter worth $104,000. Finally, Strs Ohio acquired a new stake in shares of Arteris in the 1st quarter valued at approximately $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AIP. TD Cowen increased their price objective on Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Arteris in a report on Wednesday, October 8th. Rosenblatt Securities increased their target price on shares of Arteris from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a research report on Tuesday, October 28th. Finally, Cowen reaffirmed a “buy” rating on shares of Arteris in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Arteris presently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

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.