Arteris (NASDAQ:AIP) Stock Price Expected to Rise, Northland Securities Analyst Says

Arteris (NASDAQ:AIP - Get Free Report) had its target price boosted by analysts at Northland Securities from $14.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Northland Securities' price objective would suggest a potential upside of 72.41% from the company's current price.

Separately, Rosenblatt Securities reissued a "buy" rating and set a $15.00 price target on shares of Arteris in a research report on Tuesday.

Arteris Stock Down 5.8 %

Shares of AIP stock traded down $0.57 during trading hours on Wednesday, reaching $9.28. The company had a trading volume of 329,535 shares, compared to its average volume of 257,295. The stock's fifty day simple moving average is $10.53 and its 200 day simple moving average is $8.72. The company has a market capitalization of $380.02 million, a P/E ratio of -10.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.17. Arteris has a twelve month low of $5.76 and a twelve month high of $12.64.

Arteris (NASDAQ:AIP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.08). The firm had revenue of $15.49 million for the quarter, compared to analysts' expectations of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. As a group, sell-side analysts expect that Arteris will post -0.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Arteris

In other Arteris news, VP Paul L. Alpern sold 2,471 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $11.41, for a total transaction of $28,194.11. Following the sale, the vice president now directly owns 64,930 shares of the company's stock, valued at approximately $740,851.30. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nicholas B. Hawkins sold 5,000 shares of Arteris stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $8.56, for a total transaction of $42,800.00. Following the completion of the transaction, the chief financial officer now directly owns 190,414 shares of the company's stock, valued at $1,629,943.84. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 367,157 shares of company stock worth $3,828,388 over the last quarter. 33.70% of the stock is owned by corporate insiders.

Institutional Trading of Arteris

Hedge funds have recently made changes to their positions in the stock. PVG Asset Management Corp acquired a new stake in Arteris in the fourth quarter worth $151,000. PharVision Advisers LLC acquired a new stake in shares of Arteris in the 4th quarter worth about $173,000. Squarepoint Ops LLC acquired a new stake in shares of Arteris in the 4th quarter worth about $160,000. Two Sigma Advisers LP lifted its position in Arteris by 82.9% in the 4th quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock valued at $240,000 after purchasing an additional 10,700 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Arteris by 166.0% during the 4th quarter. Two Sigma Investments LP now owns 60,533 shares of the company's stock valued at $617,000 after purchasing an additional 37,772 shares during the period. Institutional investors own 64.36% of the company's stock.

About Arteris

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.