Insider Selling: Arteris, Inc. (NASDAQ:AIP) Director Sells 2,776 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 2,776 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $12.34, for a total value of $34,255.84. Following the completion of the sale, the director now owns 684,320 shares in the company, valued at approximately $8,444,508.80. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, December 26th, Saiyed Atiq Raza sold 41,439 shares of Arteris stock. The shares were sold at an average price of $10.37, for a total value of $429,722.43.
• On Wednesday, December 18th, Saiyed Atiq Raza sold 12,166 shares of Arteris stock. The stock was sold at an average price of $10.07, for a total transaction of $122,511.62.
• On Wednesday, December 11th, Saiyed Atiq Raza sold 2,400 shares of Arteris stock. The shares were sold at an average price of $10.01, for a total transaction of $24,024.00.

Arteris Price Performance

AIP stock remained flat at $11.25 during mid-day trading on Wednesday. The company’s stock had a trading volume of 325,673 shares, compared to its average volume of 667,995. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The stock has a market capitalization of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $9.08 and a two-hundred day moving average price of $8.11.

Hedge Funds Weigh In On Arteris

Several hedge funds have recently bought and sold shares of AIP. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 37,032 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Arteris by 0.8% in the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after purchasing an additional 12,375 shares during the period. Barclays PLC increased its holdings in shares of Arteris by 321.1% in the third 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. Geode Capital Management LLC raised 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 buying an additional 36,908 shares in the last quarter. Finally, State Street Corp boosted its stake in Arteris by 18.5% during the third 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 period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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