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 on Tuesday, August 5th. The stock was 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 approximately $1,420,147.40. The trade was a 9.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arteris Stock Up 0.2%

Shares of NASDAQ:AIP traded up $0.02 on Monday, reaching $9.32. The company had a trading volume of 159,347 shares, compared to its average volume of 538,752. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $14.29. The stock has a market capitalization of $397.28 million, a P/E ratio of -11.37 and a beta of 1.45. The stock has a 50-day moving average price of $9.15 and a 200 day moving average price of $8.32.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Arteris during the first quarter valued at about $95,000. G2 Investment Partners Management LLC bought a new position in shares of Arteris during the 4th quarter valued at approximately $2,799,000. BNP Paribas Financial Markets bought a new position in shares of Arteris during the 4th quarter valued at approximately $214,000. Two Sigma Advisers LP grew its stake in Arteris by 82.9% in the 4th quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock valued at $240,000 after buying an additional 10,700 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in Arteris in the 4th quarter valued at approximately $983,000. 64.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIP has been the topic of several recent research reports. TD Cowen lifted their target price on shares of Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Rosenblatt Securities reissued a "buy" rating and set a $14.00 target price on shares of Arteris in a research report on Wednesday, May 21st.

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.