Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins Sells 5,968 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 5,968 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.57, for a total transaction of $51,145.76. Following the transaction, the chief financial officer now directly owns 186,123 shares of the company’s stock, valued at $1,595,074.11. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Arteris Stock Performance

Arteris stock traded down $0.11 during midday trading on Tuesday, hitting $8.20. 378,108 shares of the company’s stock were exchanged, compared to its average volume of 311,920. 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 stock has a market cap of $335.77 million, a price-to-earnings ratio of -9.43 and a beta of 1.18. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64. The firm’s 50 day simple moving average is $10.42 and its 200 day simple moving average is $8.83.

Arteris (NASDAQ:AIP) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. Equities research analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its position in Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after buying an additional 64,081 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Arteris by 67.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after acquiring an additional 37,032 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after acquiring an additional 36,908 shares in the last quarter. Barclays PLC increased its position in Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after purchasing an additional 30,041 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Arteris during the third quarter worth $226,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

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

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.