Arteris, Inc. (NASDAQ:AIP) Director Sells $104,250.00 in Stock

Arteris, Inc. (NASDAQ:AIP) Director Wayne C. Cantwell sold 15,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $6.95, for a total transaction of $104,250.00. Following the transaction, the director now directly owns 243,198 shares in the company, valued at approximately $1,690,226.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arteris Price Performance

Shares of AIP opened at $6.95 on Wednesday. Arteris, Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $9.54. The firm’s 50-day simple moving average is $7.85 and its two-hundred day simple moving average is $7.58. The stock has a market cap of $272.86 million, a PE ratio of -6.75 and a beta of 1.12. 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 posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The company had revenue of $14.58 million during the quarter, compared to analysts’ expectations of $13.68 million. Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. During the same period in the prior year, the firm earned ($0.25) EPS. Analysts anticipate that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on AIP. Westpark Capital restated a “buy” rating and set a $11.00 price target on shares of Arteris in a research report on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Arteris in a research note on Monday, August 5th.

Hedge Funds Weigh In On Arteris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC boosted its holdings in Arteris by 25.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock worth $5,211,000 after purchasing an additional 143,385 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Arteris by 28.1% in the first quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock worth $3,911,000 after purchasing an additional 117,312 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Arteris in the second quarter worth $580,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Arteris during the 2nd quarter valued at $554,000. Finally, Worth Venture Partners LLC lifted its holdings in Arteris by 114.3% in the 4th quarter. Worth Venture Partners LLC now owns 109,921 shares of the company’s stock worth $647,000 after purchasing an additional 58,620 shares in the last quarter. 64.36% of the stock is owned by institutional investors.

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.