Nicholas B. Hawkins Sells 11,000 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.33, for a total transaction of $113,630.00. Following the completion of the transaction, the chief financial officer now directly owns 154,308 shares in the company, valued at approximately $1,594,001.64. The trade was a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arteris Stock Up 1.5 %

AIP stock traded up $0.14 during midday trading on Wednesday, hitting $9.62. The company’s stock had a trading volume of 299,891 shares, compared to its average volume of 364,726. The stock has a market capitalization of $386.53 million, a P/E ratio of -10.02 and a beta of 1.18. Arteris, Inc. has a twelve month low of $5.76 and a twelve month high of $12.64. The company’s fifty day moving average price is $10.40 and its 200 day moving average price is $8.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AIP. US Bancorp DE boosted its position in Arteris by 29.0% during the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after purchasing an additional 1,283 shares during the period. Proficio Capital Partners LLC bought a new position in Arteris in the 4th quarter valued at about $450,000. Rhumbline Advisers lifted its position in Arteris by 79.4% during the fourth quarter. Rhumbline Advisers now owns 76,974 shares of the company’s stock worth $784,000 after acquiring an additional 34,056 shares during the last quarter. White Pine Capital LLC boosted its holdings in shares of Arteris by 33.4% during the fourth quarter. White Pine Capital LLC now owns 52,822 shares of the company’s stock worth $538,000 after acquiring an additional 13,218 shares during the period. Finally, R Squared Ltd bought a new position in Arteris during the 4th quarter worth $64,000. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Arteris in a research report on Wednesday, November 6th.

Arteris Company Profile

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.