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 Friday, June 27th. The stock was sold at an average price of $10.00, for a total transaction of $56,380.00. Following the sale, the chief financial officer directly owned 145,023 shares of the company's stock, valued at approximately $1,450,230. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Arteris Stock Up 0.8%

Shares of AIP stock traded up $0.07 during trading hours on Wednesday, reaching $9.09. 435,795 shares of the company's stock were exchanged, compared to its average volume of 227,578. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64. The stock has a market capitalization of $381.60 million, a P/E ratio of -11.09 and a beta of 1.44. The business has a fifty day moving average price of $7.85 and a 200-day moving average price of $8.58.

Hedge Funds Weigh In On Arteris

Institutional investors and hedge funds have recently bought and sold shares of the stock. Needham Investment Management LLC boosted its holdings 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 purchasing an additional 67,500 shares during the period. Samjo Management LLC increased its holdings in shares of Arteris by 0.9% during the 4th quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock worth $11,792,000 after purchasing an additional 10,000 shares during the period. Acadian Asset Management LLC raised its position in shares of Arteris by 40.6% during the first 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. Next Century Growth Investors LLC lifted its stake in shares of Arteris by 46.4% in the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock valued at $2,817,000 after buying an additional 129,143 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Arteris by 97.2% in the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock valued at $2,260,000 after buying an additional 161,241 shares during the period. Institutional investors own 64.36% of the company's stock.

Analysts Set New Price Targets

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