Nicholas B. Hawkins Sells 4,949 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,949 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $6.03, for a total transaction of $29,842.47. Following the completion of the transaction, the chief financial officer now directly owns 176,596 shares of the company’s stock, valued at approximately $1,064,873.88. This trade represents a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Arteris Price Performance

Shares of NASDAQ AIP traded down $0.61 on Friday, hitting $5.99. The company’s stock had a trading volume of 225,185 shares, compared to its average volume of 195,798. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day moving average of $8.70 and a 200-day moving average of $8.78. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64. The company has a market capitalization of $245.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.21.

Arteris (NASDAQ:AIP) last posted its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The company 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, research analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AIP shares. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Arteris in a report on Tuesday, February 18th. Northland Securities upped their target price on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th.

Institutional Trading of Arteris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIP. Quarry LP purchased a new position in Arteris in the 4th quarter valued at about $46,000. US Bancorp DE raised its position in shares of Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after buying an additional 1,283 shares during the last quarter. R Squared Ltd purchased a new position in shares of Arteris during the fourth quarter valued at approximately $64,000. D. E. Shaw & Co. Inc. acquired a new stake in Arteris during the fourth quarter worth approximately $110,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Arteris during the fourth quarter worth approximately $117,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

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.