Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 14,387 Shares

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 14,387 shares of Arteris stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $11.15, for a total value of $160,415.05. Following the sale, the chief financial officer now directly owns 169,868 shares of the company’s stock, valued at approximately $1,894,028.20. The trade was a 7.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arteris Stock Performance

NASDAQ:AIP traded up $0.03 during trading hours on Monday, hitting $12.28. 495,407 shares of the company traded hands, compared to its average volume of 869,555. The firm has a 50-day moving average of $9.00 and a 200 day moving average of $8.08. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $493.37 million, a price-to-earnings ratio of -12.79 and a beta of 1.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE bought a new stake in shares of Arteris in the 3rd quarter valued at approximately $34,000. Renaissance Technologies LLC grew its position in Arteris by 6.1% in the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock valued at $861,000 after acquiring an additional 6,600 shares during the period. MetLife Investment Management LLC raised its stake in Arteris by 129.1% during the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after acquiring an additional 9,551 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Arteris during the second quarter valued at $86,000. Finally, Franklin Resources Inc. boosted its stake in shares of Arteris by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after purchasing an additional 12,375 shares in the last quarter. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Arteris in a research note on Wednesday, November 6th.

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.