Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 4,949 Shares

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,949 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $6.03, for a total value of $29,842.47. Following the sale, the chief financial officer now owns 176,596 shares of the company’s stock, valued at $1,064,873.88. The trade was a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Arteris Stock Performance

Shares of AIP stock opened at $5.99 on Friday. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The stock’s 50-day moving average is $8.70 and its two-hundred day moving average is $8.78. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $245.28 million, a P/E ratio of -6.88 and a beta of 1.21.

Arteris (NASDAQ:AIP) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The firm had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. Analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arteris

Several institutional investors and hedge funds have recently modified their holdings of the business. G2 Investment Partners Management LLC bought a new position in Arteris during the fourth quarter valued at about $2,799,000. Federated Hermes Inc. raised its stake in shares of Arteris by 729.4% in the 4th quarter. Federated Hermes Inc. now owns 165,878 shares of the company’s stock valued at $1,690,000 after acquiring an additional 145,878 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Arteris in the 4th quarter worth approximately $1,272,000. EAM Investors LLC bought a new stake in Arteris during the fourth quarter worth approximately $983,000. Finally, Millennium Management LLC boosted its position in Arteris by 56.5% during the fourth quarter. Millennium Management LLC now owns 238,309 shares of the company’s stock worth $2,428,000 after purchasing an additional 85,996 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

AIP has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Arteris in a research report on Tuesday, February 18th. Northland Securities upped their price objective on shares of Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.

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.