Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 19,299 shares of the business's stock in a transaction that occurred on 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 $1,566,249.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Arteris Price Performance
NASDAQ:AIP opened at $8.31 on Friday. The company has a market capitalization of $326.23 million, a P/E ratio of -8.66 and a beta of 1.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. Arteris, Inc. has a 52 week low of $4.27 and a 52 week high of $9.54. The stock's fifty day moving average is $7.33 and its two-hundred day moving average is $7.66.
Analyst Ratings Changes
Several brokerages recently commented on AIP. Westpark Capital reissued 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 price target on shares of Arteris in a report on Wednesday.
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Institutional Trading of Arteris
Several institutional investors and hedge funds have recently bought and sold shares of AIP. US Bancorp DE purchased a new stake in Arteris in the third quarter valued at approximately $34,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Arteris in the 2nd quarter valued at $86,000. Algert Global LLC acquired a new position in Arteris during the 2nd quarter worth about $115,000. Rhumbline Advisers boosted its holdings in Arteris by 2,182.8% during the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company's stock valued at $239,000 after acquiring an additional 30,428 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in Arteris in the 2nd quarter valued at about $554,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.
Arteris Company Profile
(
Get Free Report)
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.
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