Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 4,560 Shares

by · The Markets Daily

Arteris, Inc. (NASDAQ:AIP – Get Free Report) CFO Nicholas B. Hawkins sold 4,560 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $12.34, for a total value of $56,270.40. Following the transaction, the chief financial officer now directly owns 165,308 shares in the company, valued at $2,039,900.72. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Arteris Stock Performance

AIP opened at $11.10 on Friday. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The stock has a market cap of $445.96 million, a P/E ratio of -11.56 and a beta of 1.17. The stock’s 50 day simple moving average is $9.33 and its 200 day simple moving average is $8.18. 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 Trading of Arteris

Large investors have recently bought and sold shares of the company. US Bancorp DE acquired a new position in shares of Arteris during the 3rd quarter worth $34,000. The Manufacturers Life Insurance Company acquired a new position in Arteris during the second quarter worth about $86,000. Algert Global LLC purchased a new stake in shares of Arteris in the second quarter valued at about $115,000. MetLife Investment Management LLC grew its position in shares of Arteris by 129.1% in the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock valued at $131,000 after purchasing an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Arteris during the 3rd quarter worth approximately $226,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Report on AIP

About Arteris

(Get Free Report)

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.

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