Arteris, Inc. (NASDAQ:AIP) Short Interest Down 12.6% in May

Arteris, Inc. (NASDAQ:AIPGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 139,100 shares, a decrease of 12.6% from the May 15th total of 159,100 shares. Based on an average daily volume of 158,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on Arteris

Insider Transactions at Arteris

In other Arteris news, Director Antonio J. Viana sold 26,919 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 203,639 shares in the company, valued at approximately $1,598,566.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Antonio J. Viana sold 26,919 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $7.85, for a total transaction of $211,314.15. Following the completion of the transaction, the director now owns 203,639 shares of the company’s stock, valued at $1,598,566.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paul L. Alpern sold 11,250 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $7.25, for a total transaction of $81,562.50. Following the completion of the sale, the vice president now directly owns 86,839 shares of the company’s stock, valued at $629,582.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,115 shares of company stock worth $826,644. 33.70% of the stock is currently owned by company insiders.

Institutional Trading of Arteris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIP. Victory Capital Management Inc. purchased a new position in shares of Arteris in the fourth quarter worth about $60,000. Barclays PLC purchased a new position in shares of Arteris in the third quarter valued at $120,000. Algert Global LLC purchased a new stake in Arteris during the 3rd quarter worth about $142,000. Worth Venture Partners LLC boosted its stake in Arteris by 22.6% in the 3rd quarter. Worth Venture Partners LLC now owns 51,301 shares of the company’s stock worth $334,000 after purchasing an additional 9,448 shares during the period. Finally, Citigroup Inc. purchased a new position in Arteris during the 3rd quarter valued at about $363,000. 64.36% of the stock is owned by institutional investors.

Arteris Stock Performance

Shares of NASDAQ:AIP opened at $8.00 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.24 and a quick ratio of 1.24. Arteris has a 12 month low of $4.20 and a 12 month high of $9.54. The company’s 50-day moving average price is $7.68 and its two-hundred day moving average price is $6.81.

Arteris (NASDAQ:AIPGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.03. Arteris had a negative return on equity of 198.35% and a negative net margin of 69.70%. The firm had revenue of $12.95 million for the quarter, compared to analyst estimates of $12.60 million. On average, sell-side analysts predict that Arteris will post -0.91 EPS for the current year.

Arteris Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Arteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arteris and related companies with MarketBeat.com's FREE daily email newsletter.