Laurent Moll Sells 9,219 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIPGet Free Report) COO Laurent Moll sold 9,219 shares of Arteris stock in a transaction on Monday, September 14th. The shares were sold at an average price of $20.85, for a total value of $192,216.15. Following the sale, the chief operating officer directly owned 212,478 shares of the company’s stock, valued at $4,430,166.30. This represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Arteris Price Performance

Shares of NASDAQ AIP opened at $20.87 on Thursday. The firm has a market capitalization of $1.03 billion, a P/E ratio of -23.99 and a beta of 1.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $27.05 and its two-hundred day simple moving average is $27.86. Arteris, Inc. has a twelve month low of $9.06 and a twelve month high of $50.26.

Arteris (NASDAQ:AIPGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Arteris had a negative net margin of 46.70% and a negative return on equity of 295.96%. The business had revenue of $24.13 million during the quarter, compared to analysts’ expectations of $23.48 million. As a group, equities analysts anticipate that Arteris, Inc. will post -0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Arteris from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. Jefferies Financial Group raised shares of Arteris from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $50.00 in a report on Friday, August 7th. Oppenheimer initiated coverage on shares of Arteris in a research report on Thursday, July 16th. They issued an “outperform” rating and a $40.00 target price for the company. Roth Capital began coverage on Arteris in a research note on Tuesday, August 4th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $38.00 price target on shares of Arteris in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

View Our Latest Stock Analysis on AIP

Institutional Investors Weigh In On Arteris

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Arteris during the 2nd quarter valued at $160,129,000. Needham Investment Management LLC lifted its stake in Arteris by 2.6% in the fourth quarter. Needham Investment Management LLC now owns 3,411,500 shares of the company’s stock worth $52,878,000 after purchasing an additional 86,500 shares during the last quarter. Wellington Management Group LLP boosted its position in Arteris by 0.4% during the second quarter. Wellington Management Group LLP now owns 500,200 shares of the company’s stock valued at $24,305,000 after buying an additional 1,897 shares during the period. Granahan Investment Management LLC boosted its position in Arteris by 201.0% during the first quarter. Granahan Investment Management LLC now owns 713,077 shares of the company’s stock valued at $11,723,000 after buying an additional 476,181 shares during the period. Finally, Algert Global LLC bought a new position in shares of Arteris during the second quarter valued at about $11,602,000. 64.36% of the stock is currently owned by institutional investors.

Arteris Company Profile

(Get Free Report)

Arteris, Inc is a semiconductor intellectual property company that provides network-on-chip (NoC) interconnect and system IP for the design of complex systems-on-chip (SoCs). Its technologies help semiconductor and electronics companies connect processor cores, memory, peripherals and other functional blocks within a chip while supporting data movement, system integration and design reuse.

The company’s product portfolio includes FlexNoC interconnect IP, Ncore cache-coherent interconnect IP and CodaCache system IP.

Further Reading

Insider Buying and Selling by Quarter for Arteris (NASDAQ:AIP)

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