Laurent Moll Sells 1,420 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 1,420 shares of Arteris stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $16.23, for a total value of $23,046.60. Following the completion of the transaction, the chief operating officer owned 250,573 shares in the company, valued at $4,066,799.79. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arteris Stock Up 3.6%

Shares of NASDAQ:AIP opened at $17.23 on Friday. The company has a market cap of $752.61 million, a price-to-earnings ratio of -20.76 and a beta of 1.48. The business has a 50 day moving average price of $15.41 and a 200 day moving average price of $12.14. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $19.85.

Arteris (NASDAQ:AIP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $17.41 million during the quarter, compared to the consensus estimate of $17.00 million. Analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on AIP shares. 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 raised shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Arteris in a research note on Wednesday, November 5th. Finally, TD Cowen upped their price target on Arteris from $15.00 to $16.50 and gave the company a “buy” rating in a report on Wednesday, November 5th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Arteris during the second quarter valued at $32,000. BNP Paribas Financial Markets grew its holdings in shares of Arteris by 75.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after purchasing an additional 2,595 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Arteris during the 2nd quarter worth about $97,000. Penn Capital Management Company LLC bought a new position in Arteris during the 3rd quarter valued at about $109,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Arteris in the second quarter valued at about $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.