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

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

Arteris Price Performance

AIP traded up $0.29 on Wednesday, hitting $5.88. 45,555 shares of the company were exchanged, compared to its average volume of 253,211. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $240.77 million, a P/E ratio of -6.76 and a beta of 1.31. The business's fifty day moving average is $8.40 and its 200 day moving average is $8.76.

Arteris (NASDAQ:AIP - Get Free Report) last released 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). The firm had revenue of $15.49 million during the quarter, compared to analysts' expectations of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. As a group, sell-side analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AIP. GAMMA Investing LLC increased its holdings in Arteris by 11,823.3% during the 1st quarter. GAMMA Investing LLC now owns 5,127 shares of the company's stock valued at $350,000 after acquiring an additional 5,084 shares in the last quarter. PVG Asset Management Corp acquired a new position in shares of Arteris during the 4th quarter worth approximately $151,000. PharVision Advisers LLC purchased a new stake in Arteris in the 4th quarter valued at approximately $173,000. Squarepoint Ops LLC acquired a new stake in Arteris during the 4th quarter valued at $160,000. Finally, Two Sigma Advisers LP increased its position in Arteris by 82.9% during the fourth quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock worth $240,000 after buying an additional 10,700 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Northland Securities increased their price target on shares of Arteris from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 price objective on shares of Arteris in a report on Tuesday, February 18th.

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.