Arteris, Inc. (NASDAQ:AIP – Get Free Report) VP Paul L. Alpern sold 3,615 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $7.13, for a total transaction of $25,774.95. Following the completion of the transaction, the vice president now directly owns 68,084 shares of the company’s stock, valued at approximately $485,438.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Arteris Trading Up 4.0 %
Arteris stock traded up $0.29 during midday trading on Tuesday, reaching $7.46. The stock had a trading volume of 68,262 shares, compared to its average volume of 171,835. The firm’s fifty day simple moving average is $7.49 and its two-hundred day simple moving average is $7.64. Arteris, Inc. has a twelve month low of $4.20 and a twelve month high of $9.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $287.05 million, a price-to-earnings ratio of -7.19 and a beta of 1.11.
Arteris (NASDAQ:AIP – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $14.58 million during the quarter, compared to analysts’ expectations of $13.68 million. Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. During the same quarter in the previous year, the company earned ($0.25) EPS. Equities analysts anticipate that Arteris, Inc. will post -0.9 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
AIP has been the topic of several research analyst reports. Westpark Capital reaffirmed a “buy” rating and set a $11.00 price target on shares of Arteris in a research report on Wednesday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Arteris in a research report on Monday, August 5th.
Check Out Our Latest Research Report on Arteris
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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