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

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 41,439 shares of Arteris stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $10.37, for a total transaction of $429,722.43. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 shares were 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 stock was sold at an average price of $10.01, for a total value of $24,024.00.

Arteris Price Performance

Shares of AIP opened at $10.35 on Tuesday. The firm has a market capitalization of $415.83 million, a PE ratio of -10.78 and a beta of 1.25. 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’s 50-day moving average is $8.56 and its 200-day moving average is $7.97. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $10.69.

Institutional Investors Weigh In On Arteris

Several hedge funds have recently bought and sold shares of the stock. Needham Investment Management LLC lifted its stake in Arteris by 14.7% during 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 during the last quarter. Franklin Resources Inc. raised its holdings 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 in the last quarter. 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 last quarter. State Street Corp boosted its stake 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 in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Arteris in the third quarter valued at about $2,504,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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