Arteris, Inc.’s Lock-Up Period To Expire on April 25th (NASDAQ:AIP)

Arteris’ (NASDAQ:AIPGet Rating) lock-up period will end on Monday, April 25th. Arteris had issued 5,000,000 shares in its public offering on October 27th. The total size of the offering was $70,000,000 based on an initial share price of $14.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

AIP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Arteris from a “sell” rating to a “hold” rating in a report on Tuesday, February 1st. Cowen lowered their price target on shares of Arteris from $32.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, March 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Arteris currently has an average rating of “Buy” and a consensus price target of $28.40.

AIP opened at $13.21 on Monday. Arteris has a 12 month low of $11.18 and a 12 month high of $27.57. The company has a fifty day moving average of $14.26. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.01.

Arteris (NASDAQ:AIPGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.20. The company had revenue of $11.43 million during the quarter, compared to the consensus estimate of $10.60 million. As a group, equities analysts forecast that Arteris will post -0.7 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in Arteris in the 4th quarter valued at about $25,000. Mutual of America Capital Management LLC acquired a new position in Arteris in the 4th quarter valued at approximately $5,229,000. Ibex Investors LLC bought a new position in Arteris during the fourth quarter worth $664,000. Northern Trust Corp bought a new position in Arteris during the fourth quarter worth $921,000. Finally, Bank of America Corp DE bought a new position in Arteris during the fourth quarter worth $111,000. Institutional investors own 1.10% of the company’s stock.

Arteris Company Profile (Get Rating)

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and IP deployment solutions 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 System-on-Chip (Soc) designs and Network-on-Chip (NoC) interconnect IP.

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