Arteris, Inc. (NASDAQ:AIP – Get Free Report) CFO Nicholas B. Hawkins sold 10,000 shares of Arteris stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $7.22, for a total transaction of $72,200.00. Following the transaction, the chief financial officer now owns 252,896 shares in the company, valued at approximately $1,825,909.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Arteris Stock Down 3.7 %
Shares of AIP stock opened at $6.75 on Thursday. The company has a market capitalization of $255.49 million, a price-to-earnings ratio of -6.49 and a beta of 1.03. Arteris, Inc. has a one year low of $3.57 and a one year high of $8.08. The company’s fifty day moving average price is $7.05 and its 200-day moving average price is $6.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.26 and a quick ratio of 1.26.
Arteris (NASDAQ:AIP – Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The firm had revenue of $12.50 million for the quarter, compared to the consensus estimate of $11.90 million. Arteris had a negative net margin of 68.70% and a negative return on equity of 150.71%. Sell-side analysts expect that Arteris, Inc. will post -0.9 EPS for the current fiscal year.
Institutional Trading of Arteris
Analyst Ratings Changes
Separately, Wedbush reiterated an “outperform” rating and set a $17.00 price target on shares of Arteris in a research note on Tuesday, February 20th.
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.
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