Paul L. Alpern Sells 2,878 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 2,878 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total value of $20,491.36. Following the sale, the vice president now owns 87,326 shares in the company, valued at $621,761.12. The trade was a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Arteris Price Performance

Shares of NASDAQ:AIP opened at $5.99 on Friday. Arteris, Inc. has a twelve month low of $5.76 and a twelve month high of $12.64. 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 company has a market cap of $245.28 million, a PE ratio of -6.88 and a beta of 1.31. The company’s 50 day moving average is $8.70 and its 200 day moving average is $8.79.

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

Hedge Funds Weigh In On Arteris

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in Arteris during the fourth quarter valued at approximately $46,000. US Bancorp DE grew its stake in shares of Arteris by 29.0% during the 4th quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after purchasing an additional 1,283 shares during the period. R Squared Ltd acquired a new stake in shares of Arteris during the 4th quarter worth approximately $64,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Arteris during the 4th quarter valued at approximately $110,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Arteris in the 4th quarter valued at $117,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Northland Securities boosted their target price on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Arteris in a report on Tuesday, February 18th.

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.