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

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 11,250 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $6.39, for a total value of $71,887.50. Following the transaction, the vice president now directly owns 81,042 shares of the company’s stock, valued at $517,858.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Arteris Trading Up 38.4 %

NASDAQ:AIP opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.26. Arteris, Inc. has a 1 year low of $3.82 and a 1 year high of $8.24. The stock has a market cap of $315.02 million, a P/E ratio of -7.97 and a beta of 1.04. The stock has a 50-day simple moving average of $6.95 and a 200-day simple moving average of $6.19.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Arteris had a negative net margin of 69.70% and a negative return on equity of 170.93%. The company had revenue of $12.50 million during the quarter, compared to analysts’ expectations of $11.90 million. As a group, analysts anticipate that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AIP. GSA Capital Partners LLP boosted its stake in Arteris by 26.9% in the first quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock valued at $973,000 after acquiring an additional 28,165 shares in the last quarter. Worth Venture Partners LLC lifted its holdings in shares of Arteris by 114.3% in the 4th quarter. Worth Venture Partners LLC now owns 109,921 shares of the company’s stock valued at $647,000 after purchasing an additional 58,620 shares during the last quarter. Roubaix Capital LLC boosted its position in shares of Arteris by 34.5% in the 4th quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock valued at $2,018,000 after purchasing an additional 87,920 shares during the period. Victory Capital Management Inc. purchased a new position in Arteris during the 4th quarter worth approximately $60,000. Finally, Acuitas Investments LLC increased its position in Arteris by 150.3% during the fourth quarter. Acuitas Investments LLC now owns 215,991 shares of the company’s stock worth $1,272,000 after buying an additional 129,692 shares during the period. 64.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AIP. Wedbush reiterated an “outperform” rating and issued a $17.00 price objective on shares of Arteris in a research note on Tuesday, February 20th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Arteris in a report on Friday.

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.