Arteris, Inc. (NASDAQ:AIP) CFO Sells $113,630.00 in Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 11,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $10.33, for a total value of $113,630.00. Following the completion of the sale, the chief financial officer now directly owns 154,308 shares of the company’s stock, valued at $1,594,001.64. This trade represents a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Arteris Trading Down 1.1 %

Shares of Arteris stock opened at $9.63 on Friday. The stock has a 50 day moving average of $10.42 and a 200 day moving average of $8.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $386.93 million, a price-to-earnings ratio of -10.03 and a beta of 1.18. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64.

Hedge Funds Weigh In On Arteris

A number of hedge funds have recently modified their holdings of AIP. Needham Investment Management LLC lifted its position in Arteris by 14.7% in the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after buying an additional 350,000 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Arteris in the 3rd quarter worth approximately $2,504,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Arteris by 36.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after purchasing an additional 67,414 shares during the period. State Street Corp increased its holdings in Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Arteris in the fourth quarter valued at approximately $450,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Arteris in a 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.