Laurent R. Moll Sells 4,703 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 4,703 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total value of $33,485.36. Following the sale, the chief operating officer now directly owns 482,833 shares of the company’s stock, valued at $3,437,770.96. The trade was a 0.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Arteris Price Performance

NASDAQ:AIP opened at $5.99 on Friday. 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, Inc. has a one year low of $5.76 and a one year high of $12.64. The company has a fifty day moving average price of $8.70 and a 200 day moving average price of $8.79. The stock has a market cap of $245.28 million, a P/E ratio of -6.88 and a beta of 1.31.

Arteris (NASDAQ:AIP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. The company had revenue of $15.49 million for the quarter, compared to analyst estimates of $15.34 million. Analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current year.

Institutional Trading of Arteris

Several institutional investors have recently modified their holdings of the company. PVG Asset Management Corp bought a new position in Arteris in the fourth quarter worth $151,000. PharVision Advisers LLC bought a new position in shares of Arteris during the 4th quarter worth about $173,000. Squarepoint Ops LLC bought a new position in shares of Arteris during the 4th quarter worth about $160,000. Two Sigma Advisers LP boosted its position in shares of Arteris by 82.9% during the 4th quarter. Two Sigma Advisers LP now owns 23,600 shares of the company’s stock valued at $240,000 after acquiring an additional 10,700 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Arteris by 166.0% in the fourth quarter. Two Sigma Investments LP now owns 60,533 shares of the company’s stock valued at $617,000 after acquiring an additional 37,772 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Upgrades and Downgrades

AIP has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Arteris in a report on Tuesday, February 18th. Northland Securities upped their price target on shares of Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th.

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.