Arteris, Inc. (NASDAQ:AIP) CFO Sells $160,415.05 in Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 14,387 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $11.15, for a total value of $160,415.05. Following the completion of the transaction, the chief financial officer now owns 169,868 shares in the company, valued at approximately $1,894,028.20. This trade represents a 7.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Arteris Stock Performance

Shares of AIP stock opened at $11.25 on Thursday. The stock has a market capitalization of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a one year low of $4.83 and a one year high of $12.64. The company’s 50-day simple moving average is $9.08 and its 200-day simple moving average is $8.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16.

Analyst Ratings Changes

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

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Arteris by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after purchasing an additional 37,032 shares during the period. Franklin Resources Inc. raised 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 acquiring an additional 12,375 shares during the period. Barclays PLC raised its stake in Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after acquiring an additional 30,041 shares during the period. Geode Capital Management LLC lifted its holdings in Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares during the last quarter. Finally, State Street Corp boosted its stake in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after acquiring an additional 64,081 shares during the period. Institutional investors and hedge funds 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.