Insider Selling: Arteris, Inc. (NASDAQ:AIP) Director Sells 5,000 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) Director Wayne C. Cantwell sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the sale, the director now owns 233,198 shares of the company’s stock, valued at $2,567,509.98. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arteris Price Performance

AIP opened at $12.28 on Tuesday. The company has a market capitalization of $493.37 million, a P/E ratio of -12.79 and a beta of 1.17. The company has a 50-day moving average of $9.00 and a 200-day moving average of $8.08. 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 1-year low of $4.83 and a 1-year high of $12.64.

Hedge Funds Weigh In On Arteris

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after buying an additional 37,032 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 acquiring an additional 12,375 shares during the last quarter. Barclays PLC raised its position in shares of Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 during the last quarter. Finally, State Street Corp boosted its holdings in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after purchasing an additional 64,081 shares during the period. 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.