Laurent R. Moll Sells 22,865 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 22,865 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $11.04, for a total value of $252,429.60. Following the completion of the transaction, the chief operating officer now owns 468,727 shares of the company’s stock, valued at $5,174,746.08. The trade was a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arteris Stock Performance

NASDAQ:AIP opened at $11.25 on Wednesday. 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 has a market cap of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a 1 year low of $4.83 and a 1 year high of $12.64. The stock’s 50 day simple moving average is $9.00 and its two-hundred day simple moving average is $8.08.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Arteris in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On Arteris

Hedge funds have recently bought and sold shares of the business. US Bancorp DE purchased a new position in shares of Arteris in the 3rd quarter worth $34,000. The Manufacturers Life Insurance Company purchased a new position in Arteris in the second quarter worth about $86,000. Algert Global LLC bought a new stake in Arteris during the second quarter worth approximately $115,000. MetLife Investment Management LLC raised its position in Arteris by 129.1% during the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock valued at $131,000 after purchasing an additional 9,551 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Arteris during the third quarter valued at approximately $226,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

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.