Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells 5,968 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 5,968 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.57, for a total value of $51,145.76. Following the sale, the chief financial officer now directly owns 186,123 shares of the company's stock, valued at $1,595,074.11. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Arteris Stock Performance

AIP stock traded up $0.01 during trading hours on Friday, hitting $7.89. 206,807 shares of the stock were exchanged, compared to its average volume of 306,116. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $323.08 million, a P/E ratio of -9.07 and a beta of 1.21. The company has a 50-day simple moving average of $10.29 and a two-hundred day simple moving average of $8.82. Arteris, Inc. has a 12 month low of $5.76 and a 12 month high of $12.64.

Arteris (NASDAQ:AIP - Get Free Report) last issued its quarterly earnings results 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 return on equity of 828.71% and a negative net margin of 58.27%. The company had revenue of $15.49 million during the quarter, compared to the consensus estimate of $15.34 million. On average, analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. US Bancorp DE bought a new position in shares of Arteris in the third quarter worth $34,000. Quarry LP bought a new position in shares of Arteris in the fourth quarter worth $46,000. R Squared Ltd bought a new position in shares of Arteris in the fourth quarter worth $64,000. D. E. Shaw & Co. Inc. bought a new position in shares of Arteris in the fourth quarter worth $110,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Arteris in the fourth quarter worth $117,000. Institutional investors own 64.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AIP. Northland Securities increased their target price on Arteris from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Arteris in a research note on Tuesday, February 18th.

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.