Nicholas B. Hawkins Sells 19,299 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 19,299 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $8.14, for a total value of $157,093.86. Following the completion of the transaction, the chief financial officer now directly owns 192,414 shares of the company's stock, valued at approximately $1,566,249.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Arteris Stock Performance

Shares of AIP traded down $0.28 during mid-day trading on Friday, hitting $8.31. 216,628 shares of the company's stock were exchanged, compared to its average volume of 78,381. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.14. Arteris, Inc. has a 52 week low of $4.27 and a 52 week high of $9.54. The company has a 50-day simple moving average of $7.33 and a 200 day simple moving average of $7.67.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Westpark Capital reiterated a "buy" rating and issued a $11.00 price target on shares of Arteris in a report on Wednesday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 target price on shares of Arteris in a research note on Wednesday.

Institutional Investors Weigh In On Arteris

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE bought a new position in shares of Arteris during the 3rd quarter worth approximately $34,000. Essex Investment Management Co. LLC bought a new stake in shares of Arteris during the third quarter worth approximately $2,504,000. Algert Global LLC acquired a new position in shares of Arteris in the second quarter valued at approximately $115,000. The Manufacturers Life Insurance Company bought a new position in shares of Arteris during the second quarter worth approximately $86,000. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Arteris during the 2nd quarter worth approximately $554,000. 64.36% of the stock is owned by institutional investors.

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.