Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 11,276 Shares

Key Points

• Arteris, Inc. CFO Nicholas B. Hawkins sold 11,276 shares at an average price of $13.15, reducing his ownership by 9.45%.
• Currently, AIP stock is trading at $9.31, which is below its 52-week high of $14.29 and significantly above its low of $5.46.
• Analysts at Rosenblatt Securities and TD Cowen have given Arteris a buy rating, setting target prices of $14.00 and $15.00, respectively.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 11,276 shares of Arteris stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $13.15, for a total transaction of $148,279.40. Following the completion of the transaction, the chief financial officer directly owned 107,996 shares in the company, valued at $1,420,147.40. This trade represents a 9.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Arteris Stock Performance

Shares of AIP stock traded down $0.58 during trading hours on Thursday, hitting $9.31. 2,288,956 shares of the company were exchanged, compared to its average volume of 535,557. The company has a 50 day simple moving average of $9.09 and a two-hundred day simple moving average of $8.40. The firm has a market cap of $390.83 million, a P/E ratio of -11.35 and a beta of 1.45. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $14.29.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AIP. Rosenblatt Securities reissued a "buy" rating and set a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st. TD Cowen increased their price target on Arteris from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday.

Institutional Investors Weigh In On Arteris

A number of large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in Arteris in the first quarter valued at approximately $95,000. G2 Investment Partners Management LLC bought a new stake in shares of Arteris in the 4th quarter worth $2,799,000. BNP Paribas Financial Markets bought a new stake in Arteris in the 4th quarter worth about $214,000. Two Sigma Advisers LP grew its holdings in shares of Arteris by 82.9% in the fourth quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock valued at $240,000 after acquiring an additional 10,700 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in Arteris in the fourth quarter worth $983,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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