Insider Selling: Arteris, Inc. (NASDAQ:AIP) Director Sells 12,166 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 12,166 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $10.07, for a total transaction of $122,511.62. Following the sale, the director now owns 731,560 shares of the company’s stock, valued at approximately $7,366,809.20. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $10.01, for a total transaction of $24,024.00.

Arteris Stock Performance

NASDAQ AIP traded down $0.39 on Thursday, hitting $8.95. The stock had a trading volume of 183,679 shares, compared to its average volume of 167,448. The company’s 50-day moving average is $8.15 and its two-hundred day moving average is $7.86. Arteris, Inc. has a one year low of $4.83 and a one year high of $10.60. The stock has a market cap of $359.58 million, a price-to-earnings ratio of -9.32 and a beta of 1.25. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Institutional Trading of Arteris

Several large investors have recently added to or reduced their stakes in AIP. Franklin Resources Inc. increased its stake in Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after buying an additional 12,375 shares during the period. Barclays PLC increased its stake in shares of Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares during the period. Geode Capital Management LLC raised its holdings in Arteris by 6.6% during 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 boosted its stake in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares in the last quarter. Finally, Needham Investment Management LLC boosted its stake in Arteris by 14.7% during the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after purchasing an additional 350,000 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities restated a “buy” rating and set 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.