Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 11,628 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 11,628 shares of Arteris stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $7.86, for a total value of $91,396.08. Following the sale, the chief financial officer now directly owns 224,659 shares of the company’s stock, valued at $1,765,819.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arteris Stock Performance

Shares of Arteris stock opened at $7.28 on Friday. The firm has a market cap of $280.13 million, a price-to-earnings ratio of -7.07 and a beta of 1.12. The stock’s 50-day moving average is $7.87 and its 200-day moving average is $7.57. Arteris, Inc. has a one year low of $4.20 and a one year high of $9.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14.

Arteris (NASDAQ:AIP) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The firm had revenue of $14.58 million during the quarter, compared to the consensus estimate of $13.68 million. Arteris had a negative net margin of 68.37% and a negative return on equity of 274.66%. During the same quarter last year, the firm earned ($0.25) earnings per share. Equities analysts predict that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AIP. Westpark Capital reaffirmed a “buy” rating and set a $11.00 price objective on shares of Arteris in a research note on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Arteris in a research note on Monday, August 5th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $9.00 target price (down from $11.00) on shares of Arteris in a research note on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.20.

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently bought and sold shares of AIP. Silvercrest Asset Management Group LLC raised its holdings in Arteris by 25.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock worth $5,211,000 after acquiring an additional 143,385 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Arteris by 28.1% during the first quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock worth $3,911,000 after acquiring an additional 117,312 shares in the last quarter. Roubaix Capital LLC raised its holdings in Arteris by 34.5% during the fourth quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock worth $2,018,000 after acquiring an additional 87,920 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Arteris during the second quarter worth about $580,000. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in Arteris in the second quarter valued at approximately $554,000. 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.