Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 4,949 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,949 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $6.03, for a total value of $29,842.47. Following the transaction, the chief financial officer now directly owns 176,596 shares of the company’s stock, valued at $1,064,873.88. This represents a 2.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Arteris Price Performance

Shares of AIP stock opened at $5.99 on Friday. The company has a market capitalization of $245.28 million, a P/E ratio of -6.88 and a beta of 1.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 12 month low of $5.76 and a 12 month high of $12.64. The stock has a 50 day moving average of $8.70 and a two-hundred day moving average of $8.78.

Arteris (NASDAQ:AIP) last issued its earnings results on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $15.49 million during the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. As a group, equities analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Trading of Arteris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIP. Needham Investment Management LLC lifted its stake in Arteris by 0.4% during the fourth quarter. Needham Investment Management LLC now owns 2,745,000 shares of the company’s stock worth $27,972,000 after purchasing an additional 10,000 shares during the period. Franklin Resources Inc. raised its holdings in shares of Arteris by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after buying an additional 12,375 shares in the last quarter. Samjo Management LLC lifted its position 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 buying an additional 10,000 shares during the period. Geode Capital Management LLC boosted its stake in Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after buying an additional 36,908 shares in the last quarter. Finally, State Street Corp grew its position in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after acquiring an additional 64,081 shares during the period. Institutional investors own 64.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AIP. Northland Securities upped their price target on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Arteris in a research note on Tuesday, February 18th.

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.