Nicholas B. Hawkins Sells 5,968 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 5,968 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.57, for a total transaction of $51,145.76. Following the transaction, the chief financial officer now directly owns 186,123 shares of the company’s stock, valued at $1,595,074.11. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Arteris Price Performance

Shares of AIP opened at $8.20 on Wednesday. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. 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 firm has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $8.83. The company has a market capitalization of $335.77 million, a price-to-earnings ratio of -9.43 and a beta of 1.18.

Arteris (NASDAQ:AIP) last released its quarterly earnings data 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 firm had revenue of $15.49 million during the quarter, compared to analysts’ expectations of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. On average, equities research analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently 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 research note on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Arteris in a research report on Tuesday, February 18th.

Institutional Trading of Arteris

A number of hedge funds have recently added to or reduced their stakes in AIP. US Bancorp DE purchased a new position in Arteris in the 3rd quarter worth approximately $34,000. Quarry LP acquired a new position in Arteris in the fourth quarter valued at approximately $46,000. R Squared Ltd acquired a new stake in Arteris in the fourth quarter worth $64,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Arteris during the fourth quarter valued at approximately $110,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Arteris during the 4th quarter worth $117,000. 64.36% of the stock is owned by institutional investors and hedge funds.

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.