Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells 4,560 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,560 shares of the company’s stock in a transaction that occurred 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 approximately $2,039,900.72. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arteris Price Performance

Shares of NASDAQ:AIP remained flat at $11.25 during midday trading on Wednesday. 325,673 shares of the stock traded hands, compared to its average volume of 667,995. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a one year low of $4.83 and a one year high of $12.64. The stock has a market cap of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17. The business’s 50 day moving average price is $9.08 and its 200 day moving average price is $8.11.

Hedge Funds Weigh In On Arteris

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Arteris by 67.1% in the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock valued at $712,000 after purchasing an additional 37,032 shares in the last quarter. Franklin Resources Inc. raised its position in Arteris by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after buying an additional 12,375 shares during the last quarter. Barclays PLC lifted its stake in Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after acquiring an additional 64,081 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Arteris in a 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.