Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 4,948 Shares

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 4,948 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $9.22, for a total transaction of $45,620.56. Following the transaction, the chief financial officer directly owned 130,548 shares of the company's stock, valued at $1,203,652.56. This trade represents a 3.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Arteris Stock Down 2.2%

Shares of Arteris stock traded down $0.21 during trading hours on Thursday, hitting $9.22. The company's stock had a trading volume of 393,434 shares, compared to its average volume of 232,246. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $12.64. The business has a fifty day moving average of $8.11 and a 200 day moving average of $8.57. The company has a market capitalization of $387.06 million, a PE ratio of -11.24 and a beta of 1.44.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Arteris

Several large investors have recently made changes to their positions in the business. Strs Ohio acquired a new stake in shares of Arteris in the first quarter worth $104,000. Acadian Asset Management LLC grew its holdings in Arteris by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after purchasing an additional 260,277 shares in the last quarter. Needham Investment Management LLC grew its holdings in Arteris by 2.5% during 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. Jacobs Levy Equity Management Inc. grew its holdings in Arteris by 48.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 249,517 shares of the company's stock valued at $1,724,000 after purchasing an additional 81,516 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Arteris during the 1st quarter valued at $1,621,000. Institutional investors and hedge funds own 64.36% of the company's stock.

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.