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

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 5,638 shares of Arteris stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $9.08, for a total value of $51,193.04. Following the sale, the chief financial officer directly owned 139,385 shares in the company, valued at $1,265,615.80. The trade was a 3.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Arteris Stock Performance

Shares of NASDAQ AIP traded up $0.12 during midday trading on Friday, reaching $9.21. 212,419 shares of the company traded hands, compared to its average volume of 227,983. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $12.64. The stock's 50-day simple moving average is $7.95 and its 200-day simple moving average is $8.57. The firm has a market cap of $386.43 million, a PE ratio of -11.23 and a beta of 1.44.

Analyst Ratings Changes

Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $14.00 price objective on shares of Arteris in a research note on Wednesday, May 21st.

Institutional Investors Weigh In On Arteris

A number of hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in Arteris during the 4th quarter valued at about $46,000. GAMMA Investing LLC raised its stake in shares of Arteris by 11,823.3% in the first quarter. GAMMA Investing LLC now owns 5,127 shares of the company's stock valued at $350,000 after acquiring an additional 5,084 shares during the last quarter. US Bancorp DE raised its stake 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 during the last quarter. CWM LLC boosted its holdings in shares of Arteris by 4,810.1% in the 1st quarter. CWM LLC now owns 10,213 shares of the company's stock worth $71,000 after acquiring an additional 10,005 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of Arteris in the 4th quarter worth approximately $110,000. Institutional investors and hedge funds own 64.36% of the company's stock.

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.