Arteris (NASDAQ:AIP) COO Laurent Moll Sells 17,937 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 17,937 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $17.92, for a total transaction of $321,431.04. Following the completion of the transaction, the chief operating officer directly owned 275,159 shares in the company, valued at $4,930,849.28. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Arteris Stock Performance

NASDAQ AIP opened at $19.19 on Wednesday. The company has a market capitalization of $838.22 million, a PE ratio of -23.12 and a beta of 1.49. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $19.30. The company has a 50-day simple moving average of $13.93 and a 200 day simple moving average of $10.86.

Arteris (NASDAQ:AIP) last released its earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Arteris had a negative net margin of 52.25% and a negative return on equity of 8,546.17%. The firm had revenue of $17.41 million for the quarter, compared to analysts’ expectations of $17.00 million. As a group, analysts forecast that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AIP. BNP Paribas Financial Markets increased its holdings in shares of Arteris by 75.0% in the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after buying an additional 2,595 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Arteris by 12.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company’s stock worth $242,000 after purchasing an additional 2,613 shares during the period. Strs Ohio increased its position in shares of Arteris by 16.5% during the third quarter. Strs Ohio now owns 20,500 shares of the company’s stock valued at $207,000 after buying an additional 2,900 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Arteris during the second quarter valued at about $32,000. Finally, Franklin Resources Inc. raised its stake in Arteris by 0.3% in the third quarter. Franklin Resources Inc. now owns 1,641,385 shares of the company’s stock worth $16,578,000 after buying an additional 4,214 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AIP has been the subject of a number of recent research reports. Jefferies Financial Group raised Arteris to a “hold” rating in a research report on Tuesday, October 28th. TD Cowen boosted their price objective on Arteris from $15.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Cowen reaffirmed a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.50.

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.