Arteris, Inc. (NASDAQ:AIP) CFO Sells $113,630.00 in Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) 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 value of $113,630.00. Following the completion of the transaction, the chief financial officer now owns 154,308 shares of the company's stock, valued at approximately $1,594,001.64. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arteris Price Performance

AIP traded down $0.11 on Friday, reaching $9.63. The company had a trading volume of 161,042 shares, compared to its average volume of 266,899. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The company's fifty day moving average is $10.44 and its 200 day moving average is $8.62.

Hedge Funds Weigh In On Arteris

Several institutional investors and hedge funds have recently made changes to their positions in AIP. Needham Investment Management LLC boosted its stake in Arteris by 14.7% in the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company's stock valued at $21,114,000 after purchasing an additional 350,000 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Arteris during the 3rd quarter valued at $2,504,000. Jacobs Levy Equity Management Inc. lifted its position in Arteris by 36.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company's stock worth $1,955,000 after purchasing an additional 67,414 shares during the period. State Street Corp increased its stake in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company's stock valued at $3,170,000 after acquiring an additional 64,081 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Arteris in the 4th quarter valued at $450,000. Institutional investors and hedge funds own 64.36% of the company's stock.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reissued a "buy" rating and set a $15.00 price target on shares of Arteris in a research report on Wednesday, November 6th.

About Arteris

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.