Arteris, Inc. (NASDAQ:AIP) CFO Sells $56,270.40 in Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,560 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $12.34, for a total value of $56,270.40. Following the completion of the transaction, the chief financial officer now directly owns 165,308 shares of the company’s stock, valued at approximately $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 is available through this link.

Arteris Stock Performance

AIP remained flat at $11.25 during midday trading on Wednesday. 325,673 shares of the company’s stock were exchanged, compared to its average volume of 667,995. Arteris, Inc. has a 52-week low of $4.83 and a 52-week high of $12.64. The business’s 50-day moving average price is $9.08 and its 200-day moving average price is $8.11. The company has a market capitalization of $451.99 million, a PE 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.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Arteris

Institutional investors have recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of Arteris in the third quarter worth about $34,000. Renaissance Technologies LLC boosted its holdings in Arteris by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after buying an additional 6,600 shares during the period. MetLife Investment Management LLC boosted its holdings in Arteris by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after buying an additional 9,551 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Arteris in the 2nd quarter valued at approximately $86,000. Finally, Franklin Resources Inc. raised its holdings in Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after acquiring an additional 12,375 shares during the period. Hedge funds and other 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.