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 Arteris stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $7.54, for a total value of $82,940.00. Following the completion of the sale, the chief financial officer now directly owns 165,596 shares in the company, valued at $1,248,593.84. This represents a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Arteris Trading Up 1.3%

Shares of AIP opened at $7.61 on Friday. The stock has a fifty day moving average of $6.90 and a two-hundred day moving average of $8.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $315.53 million, a PE ratio of -8.75 and a beta of 1.31. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64.

Arteris (NASDAQ:AIP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The business had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. As a group, analysts forecast that Arteris, Inc. will post -0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Northland Securities lifted their price objective on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price target on shares of Arteris in a research note on Tuesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AIP. Barclays PLC raised its holdings in Arteris by 321.1% in the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after buying an additional 12,375 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after buying an additional 37,032 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Arteris during the 4th quarter worth $134,000. Finally, R Squared Ltd acquired a new stake in shares of Arteris during the 4th quarter worth $64,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.