Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells 5,638 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 5,638 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $9.50, for a total transaction of $53,561.00. Following the completion of the sale, the chief financial officer now owns 156,299 shares in the company, valued at approximately $1,484,840.50. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Arteris Price Performance

Shares of AIP traded up $0.11 during mid-day trading on Friday, reaching $9.69. The company had a trading volume of 1,657,907 shares, compared to its average volume of 223,655. The company's 50 day simple moving average is $7.65 and its 200 day simple moving average is $8.59. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $406.79 million, a price-to-earnings ratio of -11.82 and a beta of 1.37.

Institutional Investors Weigh In On Arteris

A number of hedge funds have recently made changes to their positions in the stock. Needham Investment Management LLC boosted its stake in shares of Arteris by 2.5% in the 1st quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock valued at $19,434,000 after purchasing an additional 67,500 shares in the last quarter. Samjo Management LLC increased its position in Arteris by 0.9% in the 4th quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock valued at $11,792,000 after acquiring an additional 10,000 shares during the period. Acadian Asset Management LLC increased its position in Arteris by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after acquiring an additional 260,277 shares during the period. Next Century Growth Investors LLC raised its stake in shares of Arteris by 46.4% during the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock valued at $2,817,000 after acquiring an additional 129,143 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Arteris by 97.2% during the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after purchasing an additional 161,241 shares during the period. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities restated a "buy" rating and issued a $14.00 price target on shares of Arteris in a research note 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.