Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza Sells 2,400 Shares

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 2,400 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.01, for a total value of $24,024.00. Following the completion of the sale, the director now directly owns 843,842 shares in the company, valued at $8,446,858.42. This trade represents a 0.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Arteris Price Performance

AIP opened at $10.29 on Friday. Arteris, Inc. has a 1 year low of $4.83 and a 1 year high of $10.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The company’s 50 day simple moving average is $8.00 and its 200 day simple moving average is $7.83. The stock has a market capitalization of $413.45 million, a PE ratio of -10.72 and a beta of 1.25.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Arteris

A number of hedge funds have recently made changes to their positions in AIP. Needham Investment Management LLC boosted its holdings in Arteris by 14.7% in the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after acquiring an additional 350,000 shares during the last quarter. Franklin Resources Inc. lifted its stake 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of Arteris by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock worth $8,390,000 after purchasing an additional 3,242 shares during the period. Geode Capital Management LLC increased its position in Arteris by 6.6% during the 3rd 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. Finally, State Street Corp raised its holdings in Arteris by 18.5% in 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. Institutional investors and hedge funds own 64.36% of the company’s stock.

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.