Arteris, Inc. (NASDAQ:AIP) Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC cut its stake in Arteris, Inc. (NASDAQ:AIP) by 9.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,625 shares of the company’s stock after selling 31,366 shares during the period. Eventide Asset Management LLC owned about 0.79% of Arteris worth $2,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Arteris by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after purchasing an additional 3,242 shares during the last quarter. US Bancorp DE purchased a new position in Arteris in the third quarter valued at $34,000. Renaissance Technologies LLC raised its stake in Arteris by 6.1% in the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock valued at $861,000 after buying an additional 6,600 shares in the last quarter. MetLife Investment Management LLC raised its stake in Arteris by 129.1% in the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock valued at $131,000 after buying an additional 9,551 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Arteris during the 2nd quarter worth about $86,000. 64.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arteris

In other news, VP Paul L. Alpern sold 3,615 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $7.13, for a total value of $25,774.95. Following the completion of the sale, the vice president now directly owns 68,084 shares of the company’s stock, valued at approximately $485,438.92. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nicholas B. Hawkins sold 11,628 shares of Arteris stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $7.86, for a total transaction of $91,396.08. Following the completion of the transaction, the chief financial officer now directly owns 224,659 shares in the company, valued at $1,765,819.74. The trade was a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,409 shares of company stock worth $1,059,138 over the last 90 days. Corporate insiders own 33.70% of the company’s stock.

Arteris Trading Up 2.1 %

NASDAQ AIP opened at $8.69 on Friday. The firm’s fifty day moving average price is $7.62 and its 200 day moving average price is $7.75. Arteris, Inc. has a 12 month low of $4.83 and a 12 month high of $9.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $349.16 million, a price-to-earnings ratio of -9.05 and a beta of 1.13.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a report on Wednesday, November 6th.

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.