Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 3,889 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $8.99, for a total transaction of $34,962.11. Following the completion of the sale, the chief financial officer owned 135,496 shares in the company, valued at $1,218,109.04. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Arteris Stock Performance
NASDAQ AIP traded down $0.21 during trading hours on Thursday, reaching $9.22. 393,434 shares of the company's stock were exchanged, compared to its average volume of 232,246. The company's 50-day moving average is $8.11 and its two-hundred day moving average is $8.57. Arteris, Inc. has a one year low of $5.46 and a one year high of $12.64. The company has a market capitalization of $387.06 million, a price-to-earnings ratio of -11.24 and a beta of 1.44.
Institutional Trading of Arteris
A number of large investors have recently bought and sold shares of the business. US Bancorp DE increased its stake in Arteris by 29.0% during the 4th quarter. US Bancorp DE now owns 5,702 shares of the company's stock worth $58,000 after purchasing an additional 1,283 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Arteris by 6.0% in the fourth quarter. American Century Companies Inc. now owns 30,357 shares of the company's stock valued at $309,000 after purchasing an additional 1,731 shares during the last quarter. EntryPoint Capital LLC raised its holdings in shares of Arteris by 14.0% in the fourth quarter. EntryPoint Capital LLC now owns 19,814 shares of the company's stock valued at $202,000 after purchasing an additional 2,430 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Arteris by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock valued at $802,000 after purchasing an additional 3,298 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Arteris by 38.9% in the fourth quarter. Wells Fargo & Company MN now owns 13,192 shares of the company's stock valued at $134,000 after purchasing an additional 3,694 shares during the last quarter. 64.36% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $14.00 price target on shares of Arteris in a research report on Wednesday, May 21st.
Read Our Latest Analysis on Arteris
Arteris Company Profile
(
Get Free Report)
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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