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

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,560 shares of the company’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 sale, the chief financial officer now directly owns 165,308 shares in the company, valued at $2,039,900.72. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Arteris Price Performance

Shares of NASDAQ AIP opened at $11.25 on Friday. The business has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $8.15. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The company has a market capitalization of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

Institutional Trading of Arteris

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in shares of Arteris in the 3rd quarter valued at about $34,000. The Manufacturers Life Insurance Company bought a new position in Arteris in the second quarter worth about $86,000. Algert Global LLC acquired a new position in Arteris in the second quarter valued at approximately $115,000. MetLife Investment Management LLC grew its holdings in shares of Arteris by 129.1% during the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock valued at $131,000 after purchasing an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Arteris in the 3rd quarter worth approximately $226,000. Institutional investors own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

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

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.