Nicholas B. Hawkins Sells 1,730 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 1,730 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $8.02, for a total transaction of $13,874.60. Following the sale, the chief financial officer now owns 166,428 shares of the company’s stock, valued at approximately $1,334,752.56. This represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Arteris Stock Up 3.7%

Shares of NASDAQ:AIP opened at $7.93 on Friday. The company has a market capitalization of $332.89 million, a price-to-earnings ratio of -9.11 and a beta of 1.37. The company has a 50 day moving average of $6.88 and a two-hundred day moving average of $8.60. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $12.64. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Northland Securities lifted their target price on shares of Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and issued a $14.00 price objective on shares of Arteris in a research report on Wednesday, May 21st.

Institutional Investors Weigh In On Arteris

A number of large investors have recently added to or reduced their stakes in AIP. G2 Investment Partners Management LLC purchased a new stake in Arteris during the 4th quarter worth $2,799,000. Charles Schwab Investment Management Inc. increased its position in shares of Arteris by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company’s stock worth $802,000 after acquiring an additional 3,298 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Arteris during the fourth quarter worth about $214,000. Proficio Capital Partners LLC acquired a new position in shares of Arteris in the fourth quarter worth about $450,000. Finally, Rhumbline Advisers boosted its holdings in Arteris by 79.4% in the fourth quarter. Rhumbline Advisers now owns 76,974 shares of the company’s stock valued at $784,000 after purchasing an additional 34,056 shares during the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.

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.