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

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

Arteris Stock Performance

Shares of NASDAQ:AIP opened at $11.25 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $9.16 and a 200-day moving average price of $8.13. The company has a market cap of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a 12 month low of $4.83 and a 12 month high of $12.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. US Bancorp DE purchased a new stake in Arteris in the 3rd quarter worth approximately $34,000. The Manufacturers Life Insurance Company bought a new position in shares of Arteris during the second quarter valued at approximately $86,000. Algert Global LLC purchased a new stake in Arteris in the second quarter worth $115,000. MetLife Investment Management LLC boosted its holdings in 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 acquiring an additional 9,551 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Arteris in the third quarter valued at $226,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on AIP

Arteris Company Profile

(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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Insider Buying and Selling by Quarter for Arteris (NASDAQ:AIP)

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