Arteris, Inc. (NASDAQ:AIP) Director Sells $24,024.00 in Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 2,400 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.01, for a total transaction of $24,024.00. Following the completion of the sale, the director now directly owns 843,842 shares in the company, valued at $8,446,858.42. This trade represents a 0.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arteris Price Performance

Shares of Arteris stock traded up $0.15 during trading on Friday, reaching $10.29. The company’s stock had a trading volume of 493,149 shares, compared to its average volume of 166,465. Arteris, Inc. has a one year low of $4.83 and a one year high of $10.60. The stock has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $7.83. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $413.45 million, a P/E ratio of -10.72 and a beta of 1.25.

Institutional Investors Weigh In On Arteris

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Arteris in the 2nd quarter valued at approximately $580,000. Dynamic Technology Lab Private Ltd bought a new stake in Arteris in the third quarter valued at approximately $226,000. Vanguard Group Inc. raised its holdings in Arteris by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock worth $8,390,000 after purchasing an additional 3,242 shares during the period. US Bancorp DE bought a new position in shares of Arteris during the third quarter worth $34,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of 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 in the last quarter. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Arteris in a 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.