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 business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $10.33, for a total transaction of $113,630.00. Following the completion of the sale, the chief financial officer now directly owns 154,308 shares in the company, valued at $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 SEC, which can be accessed through this hyperlink.

Arteris Stock Performance

Shares of AIP stock opened at $9.62 on Thursday. The company has a market capitalization of $386.53 million, a price-to-earnings ratio of -10.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50-day simple moving average of $10.40 and a 200 day simple moving average of $8.60. Arteris, Inc. has a 52 week low of $5.76 and a 52 week high of $12.64.

Analyst Upgrades and Downgrades

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

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently modified their holdings of AIP. Needham Investment Management LLC boosted its holdings in Arteris by 14.7% in the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after purchasing an additional 350,000 shares during the period. Essex Investment Management Co. LLC bought a new stake in Arteris in the 3rd quarter valued at about $2,504,000. Jacobs Levy Equity Management Inc. boosted its holdings in Arteris by 36.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock valued at $1,955,000 after purchasing an additional 67,414 shares during the period. State Street Corp boosted its holdings in 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 Arteris in the 4th quarter valued at about $450,000. Institutional investors own 64.36% of the company’s stock.

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.