Nicholas B. Hawkins Sells 3,888 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 3,888 shares of Arteris stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total transaction of $27,682.56. Following the completion of the transaction, the chief financial officer now owns 181,545 shares of the company’s stock, valued at $1,292,600.40. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Arteris Price Performance

AIP stock opened at $5.99 on Friday. The business has a 50 day moving average price of $8.70 and a 200 day moving average price of $8.79. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. The stock has a market cap of $245.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.31. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. The company had revenue of $15.49 million for the quarter, compared to analysts’ expectations of $15.34 million. Equities research analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AIP has been the subject of a number of recent research reports. Northland Securities lifted their price target on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Arteris in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AIP. Quarry LP acquired a new stake in Arteris during the 4th quarter worth $46,000. US Bancorp DE raised its holdings 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 buying an additional 1,283 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Arteris in the fourth quarter valued at about $64,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Arteris during the fourth quarter worth about $110,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Arteris during the fourth quarter worth about $117,000. 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.