Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 4,560 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,560 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $12.34, for a total transaction of $56,270.40. Following the completion of the transaction, the chief financial officer now directly owns 165,308 shares of the company’s stock, valued at approximately $2,039,900.72. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Arteris Stock Performance

Shares of AIP opened at $11.25 on Thursday. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The company has a market capitalization of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50 day simple moving average is $9.16 and its 200 day simple moving average is $8.13.

Wall Street Analyst Weigh In

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

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Arteris by 67.1% in the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after acquiring an additional 37,032 shares in the last quarter. Franklin Resources Inc. lifted its stake in Arteris by 0.8% during the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after purchasing an additional 12,375 shares during the last quarter. Barclays PLC boosted its holdings in shares of Arteris by 321.1% in the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after purchasing an additional 30,041 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after purchasing an additional 36,908 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after buying an additional 64,081 shares in the last quarter. Hedge funds and other institutional investors own 64.36% of the company’s stock.

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.