Arteris, Inc. (NASDAQ:AIP) COO Sells $252,429.60 in Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 22,865 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $11.04, for a total value of $252,429.60. Following the transaction, the chief operating officer now directly owns 468,727 shares of the company’s stock, valued at $5,174,746.08. This represents a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Arteris Stock Performance

NASDAQ:AIP opened at $11.25 on Thursday. The firm’s 50-day moving average is $9.08 and its 200-day moving average is $8.11. The company has a market cap of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. Arteris, Inc. has a 52-week low of $4.83 and a 52-week high of $12.64.

Hedge Funds Weigh In On Arteris

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

Analysts Set New Price Targets

Separately, Rosenblatt Securities reaffirmed 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.