Insider Selling: Arteris, Inc. (NASDAQ:AIP) VP Sells 11,250 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 11,250 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $7.71, for a total transaction of $86,737.50. Following the completion of the sale, the vice president now directly owns 74,563 shares in the company, valued at $574,880.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Arteris Price Performance

NASDAQ:AIP traded down $0.45 during trading hours on Monday, hitting $7.03. 283,885 shares of the stock traded hands, compared to its average volume of 190,467. The stock has a 50 day moving average price of $7.98 and a 200 day moving average price of $7.38. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.11. The company has a market cap of $270.51 million, a price-to-earnings ratio of -7.02 and a beta of 1.12. Arteris, Inc. has a 1 year low of $4.20 and a 1 year high of $9.54.

Arteris (NASDAQ:AIP) last issued its earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $14.58 million for the quarter, compared to the consensus estimate of $13.68 million. Arteris had a negative return on equity of 229.27% and a negative net margin of 68.37%. During the same quarter in the prior year, the company posted ($0.25) EPS. Sell-side analysts forecast that Arteris, Inc. will post -0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Arteris

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Arteris by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock worth $8,390,000 after buying an additional 3,242 shares during the period. Silvercrest Asset Management Group LLC lifted its position in Arteris by 25.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after buying an additional 143,385 shares during the last quarter. Acadian Asset Management LLC grew its position in Arteris by 28.1% in the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after acquiring an additional 117,312 shares in the last quarter. Roubaix Capital LLC increased its position in shares of Arteris by 34.5% during the fourth quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock worth $2,018,000 after acquiring an additional 87,920 shares during the period. Finally, Acuitas Investments LLC raised its holdings in shares of Arteris by 150.3% in the 4th quarter. Acuitas Investments LLC now owns 215,991 shares of the company’s stock valued at $1,272,000 after purchasing an additional 129,692 shares in the last quarter. 64.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AIP. Jefferies Financial Group reiterated a “hold” rating and set a $9.00 price objective (down previously from $11.00) on shares of Arteris in a research note on Monday, May 13th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Arteris in a report on Monday. Finally, Westpark Capital restated a “buy” rating and issued a $11.00 price objective on shares of Arteris in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.00.

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.