Nicholas B. Hawkins Sells 5,638 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 5,638 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $10.50, for a total transaction of $59,199.00. Following the completion of the transaction, the chief financial officer owned 124,910 shares of the company’s stock, valued at $1,311,555. This represents a 4.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arteris Stock Performance

Shares of AIP stock opened at $9.05 on Friday. The stock has a fifty day moving average price of $8.85 and a 200 day moving average price of $8.43. The stock has a market cap of $379.92 million, a PE ratio of -11.04 and a beta of 1.45. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $12.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Arteris by 6.0% in the 4th quarter. American Century Companies Inc. now owns 30,357 shares of the company’s stock valued at $309,000 after acquiring an additional 1,731 shares during the last quarter. Wells Fargo & Company MN raised its position in Arteris by 38.9% during the fourth quarter. Wells Fargo & Company MN now owns 13,192 shares of the company’s stock worth $134,000 after acquiring an additional 3,694 shares during the last quarter. Quarry LP purchased a new stake in shares of Arteris in the fourth quarter valued at about $46,000. GAMMA Investing LLC grew its position in shares of Arteris by 11,823.3% in the first quarter. GAMMA Investing LLC now owns 5,127 shares of the company’s stock valued at $350,000 after purchasing an additional 5,084 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Arteris by 13.5% during the 4th quarter. Barclays PLC now owns 44,723 shares of the company’s stock worth $456,000 after purchasing an additional 5,327 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities restated a “buy” rating and set a $14.00 target price on shares of Arteris in a research 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.