Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 11,000 Shares

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 11,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $10.33, for a total transaction of $113,630.00. Following the completion of the transaction, the chief financial officer now directly owns 154,308 shares in the company, valued at $1,594,001.64. This trade represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Arteris Stock Performance

NASDAQ:AIP opened at $9.62 on Thursday. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $386.53 million, a PE ratio of -10.02 and a beta of 1.18. The firm has a 50-day moving average price of $10.40 and a 200 day moving average price of $8.60.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities restated a “buy” rating and set a $15.00 price target on shares of Arteris in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Needham Investment Management LLC increased its holdings in shares of Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after buying an additional 350,000 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Arteris during the third quarter worth approximately $2,504,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Arteris by 36.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after buying an additional 67,414 shares in the last quarter. State Street Corp increased its holdings in shares of Arteris by 18.5% during the third quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after buying an additional 64,081 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Arteris during the fourth quarter worth approximately $450,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

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.