Laurent Moll Sells 39,541 Shares of Arteris (NASDAQ:AIP) Stock

by · The Markets Daily

Arteris, Inc. (NASDAQ:AIP – Get Free Report) COO Laurent Moll sold 39,541 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $43.15, for a total transaction of $1,706,194.15. Following the completion of the transaction, the chief operating officer owned 227,296 shares of the company’s stock, valued at $9,807,822.40. This represents a 14.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arteris Stock Up 4.7%

Shares of NASDAQ AIP opened at $44.11 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.17. Arteris, Inc. has a 52 week low of $8.10 and a 52 week high of $44.94. The firm has a 50-day moving average price of $31.62 and a 200 day moving average price of $21.57. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -55.84 and a beta of 1.98.

Arteris (NASDAQ:AIP – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The company had revenue of $22.94 million for the quarter, compared to analysts’ expectations of $21.03 million. Equities research analysts anticipate that Arteris, Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AIP has been the topic of a number of research reports. TD Cowen upped their price target on Arteris from $22.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Rosenblatt Securities boosted their target price on Arteris from $20.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered Arteris from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Northland Securities set a $38.00 price target on Arteris in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group lifted their price target on Arteris from $16.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.75.

Read Our Latest Research Report on Arteris

Institutional Trading of Arteris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in Arteris in the 1st quarter valued at about $1,621,000. Strs Ohio acquired a new stake in shares of Arteris during the 1st quarter worth about $104,000. Geode Capital Management LLC boosted its stake in shares of Arteris by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 652,754 shares of the company’s stock worth $6,222,000 after purchasing an additional 30,018 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Arteris by 35.8% during the second quarter. Rhumbline Advisers now owns 54,416 shares of the company’s stock worth $519,000 after buying an additional 14,350 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Arteris by 8.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 320,332 shares of the company’s stock valued at $3,053,000 after buying an additional 25,448 shares during the last quarter. Hedge funds and other institutional investors own 64.36% of the company’s stock.

About Arteris

(Get Free Report)

Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.

Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.

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