Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 1,730 Shares

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 1,730 shares of the business’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $8.02, for a total transaction of $13,874.60. Following the completion of the sale, the chief financial officer now directly owns 166,428 shares of the company’s stock, valued at $1,334,752.56. The trade was a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Arteris Price Performance

Shares of NASDAQ:AIP opened at $7.93 on Friday. The company has a market cap of $332.89 million, a PE ratio of -9.11 and a beta of 1.37. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64. The firm has a 50-day simple moving average of $6.88 and a 200 day simple moving average of $8.60. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On Arteris

Several institutional investors have recently made changes to their positions in AIP. Quarry LP acquired a new position in Arteris during the 4th quarter valued at approximately $46,000. US Bancorp DE boosted its holdings in shares of Arteris by 29.0% during the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after acquiring an additional 1,283 shares during the period. CWM LLC increased its holdings in shares of Arteris by 4,810.1% in the 1st quarter. CWM LLC now owns 10,213 shares of the company’s stock worth $71,000 after acquiring an additional 10,005 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Arteris in the 1st quarter valued at about $95,000. Finally, Strs Ohio acquired a new position in Arteris during the 1st quarter valued at about $104,000. 64.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Northland Securities boosted 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 reiterated a “buy” rating and issued a $14.00 price target on shares of Arteris in a report on Wednesday, May 21st.

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.