Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 5,638 Shares

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 5,638 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $9.50, for a total transaction of $53,561.00. Following the transaction, the chief financial officer now owns 156,299 shares of the company's stock, valued at approximately $1,484,840.50. This represents a 3.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Arteris Stock Up 2.2%

AIP traded up $0.21 on Thursday, reaching $9.58. 692,865 shares of the company traded hands, compared to its average volume of 232,522. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a one year low of $5.46 and a one year high of $12.64. The firm has a fifty day simple moving average of $7.58 and a two-hundred day simple moving average of $8.59.

Hedge Funds Weigh In On Arteris

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company's stock valued at $58,000 after acquiring an additional 1,283 shares in the last quarter. American Century Companies Inc. increased its position in Arteris by 6.0% during the 4th 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 period. EntryPoint Capital LLC raised its holdings in shares of Arteris by 14.0% in the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Arteris by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock worth $802,000 after purchasing an additional 3,298 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Arteris by 38.9% in the 4th quarter. Wells Fargo & Company MN now owns 13,192 shares of the company's stock worth $134,000 after purchasing an additional 3,694 shares during the period. Institutional investors own 64.36% of the company's stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities reissued a "buy" rating and issued a $14.00 target price on shares of Arteris in a report on Wednesday, May 21st.

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.

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