Antonio J. Viana Sells 26,919 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) Director Antonio J. Viana sold 26,919 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $7.85, for a total value of $211,314.15. Following the completion of the sale, the director now owns 203,639 shares of the company’s stock, valued at approximately $1,598,566.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Arteris Trading Down 1.3 %

Shares of NASDAQ AIP opened at $8.06 on Wednesday. The business has a 50 day simple moving average of $7.61 and a 200 day simple moving average of $6.73. Arteris, Inc. has a 52 week low of $4.20 and a 52 week high of $9.54. The stock has a market cap of $310.15 million, a price-to-earnings ratio of -7.83 and a beta of 1.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.24 and a current ratio of 1.24.

Arteris (NASDAQ:AIP) last posted its earnings results on Thursday, May 2nd. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.03. The company had revenue of $12.95 million during the quarter, compared to the consensus estimate of $12.60 million. Arteris had a negative net margin of 69.70% and a negative return on equity of 198.35%. On average, research analysts predict that Arteris, Inc. will post -0.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AIP. Jefferies Financial Group reissued a “hold” rating and issued a $9.00 price objective (down from $11.00) on shares of Arteris in a research note on Monday, May 13th. Wedbush reissued an “outperform” rating and issued a $17.00 price target on shares of Arteris in a research report on Tuesday, February 20th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Arteris in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.40.

Hedge Funds Weigh In On Arteris

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Arteris by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock worth $8,390,000 after purchasing an additional 3,242 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in shares of Arteris by 25.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock worth $5,211,000 after buying an additional 143,385 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Arteris by 28.1% during the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock worth $3,911,000 after buying an additional 117,312 shares during the period. Roubaix Capital LLC grew its stake in Arteris by 34.5% in the 4th quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock valued at $2,018,000 after buying an additional 87,920 shares during the last quarter. Finally, Acuitas Investments LLC raised its holdings in Arteris by 150.3% in the 4th quarter. Acuitas Investments LLC now owns 215,991 shares of the company’s stock worth $1,272,000 after acquiring an additional 129,692 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.

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.