Arteris, Inc. (NASDAQ:AIP) CFO Sells $30,423.90 in Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 3,770 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $8.07, for a total transaction of $30,423.90. Following the completion of the sale, the chief financial officer now directly owns 161,937 shares of the company's stock, valued at approximately $1,306,831.59. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arteris Stock Up 2.8%

Shares of NASDAQ:AIP traded up $0.23 on Wednesday, hitting $8.52. 690,162 shares of the company's stock were exchanged, compared to its average volume of 208,110. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $12.64. The company has a market capitalization of $357.65 million, a PE ratio of -9.79 and a beta of 1.37. The firm's 50-day moving average is $6.98 and its 200 day moving average is $8.59.

Institutional Trading of Arteris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in shares of Arteris in the 1st quarter valued at about $104,000. Acadian Asset Management LLC grew 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 buying an additional 260,277 shares during the last quarter. Needham Investment Management LLC grew its position in 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 buying an additional 67,500 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Arteris by 48.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 249,517 shares of the company's stock valued at $1,724,000 after buying an additional 81,516 shares during the period. Finally, AQR Capital Management LLC purchased a new position in Arteris during the 1st quarter worth $1,621,000. Institutional investors and hedge funds own 64.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AIP shares. Rosenblatt Securities reiterated a "buy" rating and set a $14.00 price target on shares of Arteris in a report on Wednesday, May 21st. Northland Securities lifted their target price on Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th.

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.