Arteris (NASDAQ:AIP) COO Laurent Moll Sells 5,373 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 5,373 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $15.45, for a total value of $83,012.85. Following the transaction, the chief operating officer directly owned 251,993 shares in the company, valued at $3,893,291.85. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Arteris Stock Up 8.3%

Shares of NASDAQ AIP traded up $1.35 during trading hours on Tuesday, hitting $17.58. The company had a trading volume of 675,497 shares, compared to its average volume of 505,861. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $19.85. The firm’s 50 day moving average is $15.12 and its 200-day moving average is $11.95. The stock has a market capitalization of $767.89 million, a P/E ratio of -21.18 and a beta of 1.48.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.00 million. On average, sell-side analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.

Institutional Investors Weigh In On Arteris

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Arteris in the second quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its position in shares of Arteris by 75.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock valued at $61,000 after acquiring an additional 2,595 shares during the period. Savant Capital LLC acquired a new stake in shares of Arteris during the 2nd quarter worth $97,000. Kapitalo Investimentos Ltda bought a new position in shares of Arteris in the second quarter worth $104,000. Finally, Strs Ohio acquired a new position in Arteris in the first quarter valued at about $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Arteris in a report on Monday, December 15th. Wall Street Zen upgraded shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. Finally, Cowen reiterated a “buy” rating on shares of Arteris in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

About Arteris

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.