Arteris, Inc. (NASDAQ:AIP) CFO Sells $113,630.00 in Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 11,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 154,308 shares of the company’s stock, valued at approximately $1,594,001.64. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Arteris Trading Up 1.5 %

NASDAQ AIP traded up $0.14 during trading hours on Wednesday, reaching $9.62. The company’s stock had a trading volume of 299,891 shares, compared to its average volume of 364,726. The firm has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $8.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. Arteris, Inc. has a 52 week low of $5.76 and a 52 week high of $12.64. The stock has a market cap of $386.53 million, a P/E ratio of -10.02 and a beta of 1.18.

Hedge Funds Weigh In On Arteris

A number of hedge funds have recently modified their holdings of the business. Needham Investment Management LLC raised its holdings in Arteris by 14.7% during the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after purchasing an additional 350,000 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Arteris during the 3rd quarter worth about $2,504,000. Jacobs Levy Equity Management Inc. raised its position in shares of Arteris by 36.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after acquiring an additional 67,414 shares in the last quarter. State Street Corp lifted its stake in shares of Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Arteris during the 4th quarter valued at about $450,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

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

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.