Paul L. Alpern Sells 11,250 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIPGet Free Report) VP Paul L. Alpern sold 11,250 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $7.25, for a total transaction of $81,562.50. Following the sale, the vice president now owns 86,839 shares in the company, valued at $629,582.75. The sale was disclosed in a filing with the SEC, which is available at this link.

Arteris Stock Performance

NASDAQ AIP opened at $7.51 on Thursday. Arteris, Inc. has a 1 year low of $3.57 and a 1 year high of $8.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $284.25 million, a PE ratio of -7.22 and a beta of 1.03. The company’s 50 day simple moving average is $6.87 and its two-hundred day simple moving average is $6.08.

Arteris (NASDAQ:AIPGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The company had revenue of $12.50 million during the quarter, compared to the consensus estimate of $11.90 million. Arteris had a negative return on equity of 150.71% and a negative net margin of 68.70%. Analysts predict that Arteris, Inc. will post -0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated an “outperform” rating and issued a $17.00 target price on shares of Arteris in a research note on Tuesday, February 20th.

Read Our Latest Report on Arteris

Hedge Funds Weigh In On Arteris

A number of institutional investors have recently made changes to their positions in AIP. Needham Investment Management LLC increased its holdings in shares of Arteris by 188.6% in the 4th quarter. Needham Investment Management LLC now owns 1,010,000 shares of the company’s stock worth $5,949,000 after buying an additional 660,000 shares during the last quarter. Summit Partners Public Asset Management LLC grew its holdings in shares of Arteris by 29.8% during the 2nd quarter. Summit Partners Public Asset Management LLC now owns 1,464,400 shares of the company’s stock valued at $9,987,000 after purchasing an additional 335,794 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Arteris in the 2nd quarter worth $1,378,000. Acadian Asset Management LLC grew its holdings in Arteris by 120.1% in the 3rd quarter. Acadian Asset Management LLC now owns 368,220 shares of the company’s stock worth $2,396,000 after acquiring an additional 200,950 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Arteris by 41.1% in the 3rd quarter. Vanguard Group Inc. now owns 685,303 shares of the company’s stock worth $4,564,000 after acquiring an additional 199,663 shares during the last quarter. Institutional investors own 64.36% of the company’s stock.

About Arteris

(Get Free Report)

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and IP deployment solutions 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 System-on-Chip (Soc) designs and Network-on-Chip (NoC) interconnect IP.

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