Arteris, Inc. (NASDAQ:AIP – Get Free Report) COO Laurent R. Moll sold 3,801 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $7.18, for a total transaction of $27,291.18. Following the transaction, the chief operating officer now owns 490,667 shares of the company’s stock, valued at $3,522,989.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Arteris Price Performance
AIP remained flat at $7.10 on Friday. 63,744 shares of the company were exchanged, compared to its average volume of 172,840. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. Arteris, Inc. has a 52-week low of $4.20 and a 52-week high of $9.54. The company has a market cap of $273.20 million, a PE ratio of -6.89 and a beta of 1.11. The stock’s 50-day simple moving average is $7.56 and its 200-day simple moving average is $7.62.
Arteris (NASDAQ:AIP – Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The firm had revenue of $14.58 million during the quarter, compared to analysts’ expectations of $13.68 million. Arteris had a negative net margin of 68.37% and a negative return on equity of 274.66%. During the same period in the previous year, the firm posted ($0.25) earnings per share. As a group, analysts expect that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Report on Arteris
Hedge Funds Weigh In On Arteris
Hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company acquired a new stake in Arteris during the 2nd quarter worth $86,000. Algert Global LLC purchased a new stake in shares of Arteris in the second quarter valued at about $115,000. Rhumbline Advisers boosted its stake in shares of Arteris by 2,182.8% during the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock worth $239,000 after buying an additional 30,428 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Arteris during the second quarter worth about $554,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Arteris during the second quarter worth about $580,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.
About Arteris
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.
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