Saiyed Atiq Raza Sells 12,166 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 12,166 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $10.07, for a total transaction of $122,511.62. Following the transaction, the director now owns 731,560 shares of the company’s stock, valued at approximately $7,366,809.20. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Saiyed Atiq Raza also recently made the following trade(s):

• On Wednesday, December 11th, Saiyed Atiq Raza sold 2,400 shares of Arteris stock. The stock was sold at an average price of $10.01, for a total transaction of $24,024.00.

Arteris Trading Down 4.2 %

NASDAQ AIP traded down $0.39 on Thursday, hitting $8.95. 183,679 shares of the company were exchanged, compared to its average volume of 167,448. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $10.60. The firm has a market capitalization of $359.58 million, a P/E ratio of -9.32 and a beta of 1.25. The company’s 50 day moving average price is $8.15 and its 200-day moving average price is $7.86.

Institutional Investors Weigh In On Arteris

Large investors have recently made changes to their positions in the company. Needham Investment Management LLC raised its position in Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after buying an additional 350,000 shares during the period. Franklin Resources Inc. increased its holdings in shares of Arteris by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after purchasing an additional 12,375 shares during the period. Geode Capital Management LLC lifted its position 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 worth $4,610,000 after purchasing an additional 36,908 shares in the last quarter. State Street Corp lifted its position in shares of Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after purchasing an additional 64,081 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in Arteris during the third quarter valued at approximately $2,504,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Ratings Changes

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