Saiyed Atiq Raza Sells 41,439 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 41,439 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $10.37, for a total transaction of $429,722.43. Following the transaction, the director now owns 690,121 shares in the company, valued at $7,156,554.77. The trade was a 5.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value 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 value of $24,024.00.

Arteris Stock Down 1.5 %

Shares of NASDAQ AIP opened at $10.19 on Thursday. The company has a market capitalization of $409.40 million, a P/E ratio of -10.61 and a beta of 1.25. Arteris, Inc. has a 1 year low of $4.83 and a 1 year high of $10.69. 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 50 day simple moving average of $8.69 and a 200-day simple moving average of $8.00.

Hedge Funds Weigh In On Arteris

Several large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after acquiring an additional 64,081 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Arteris in the second quarter valued at approximately $580,000. Dynamic Technology Lab Private Ltd acquired a new position in Arteris during the third quarter worth $226,000. US Bancorp DE acquired a new stake in shares of Arteris in the third quarter valued at $34,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Arteris by 36.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock valued at $1,955,000 after buying an additional 67,414 shares during the period. 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 target price 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.