Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 3,888 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 3,888 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total transaction of $27,682.56. Following the sale, the chief financial officer now owns 181,545 shares of the company’s stock, valued at $1,292,600.40. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Arteris Stock Down 9.2 %

Arteris stock opened at $5.99 on Friday. The firm has a 50 day simple moving average of $8.70 and a 200 day simple moving average of $8.78. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 1-year low of $5.76 and a 1-year high of $12.64. The firm has a market capitalization of $245.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.21.

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

Wall Street Analyst Weigh In

Several research firms recently commented on AIP. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research note on Tuesday, February 18th. Northland Securities increased their price target on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th.

Institutional Investors Weigh In On Arteris

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Arteris during the fourth quarter valued at approximately $46,000. US Bancorp DE boosted its holdings in Arteris by 29.0% in the 4th quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after purchasing an additional 1,283 shares during the period. R Squared Ltd purchased a new position in shares of Arteris during the 4th quarter valued at $64,000. D. E. Shaw & Co. Inc. bought a new position in shares of Arteris in the fourth quarter worth $110,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Arteris in the fourth quarter worth $117,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

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.