JPMorgan Chase & Co. Boosts Holdings in Arteris, Inc. (NASDAQ:AIP)

JPMorgan Chase & Co. lifted its stake in shares of Arteris, Inc. (NASDAQ:AIP) by 67.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 92,242 shares of the company’s stock after buying an additional 37,032 shares during the period. JPMorgan Chase & Co.’s holdings in Arteris were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AIP. State Street Corp boosted its position in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after acquiring an additional 64,081 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after purchasing an additional 36,908 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Arteris during the third quarter valued at approximately $226,000. Barclays PLC grew its stake in Arteris by 321.1% in the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after purchasing an additional 30,041 shares during the period. Finally, US Bancorp DE bought a new position in Arteris in the third quarter worth $34,000. 64.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Arteris Stock Performance

Shares of AIP opened at $12.04 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market cap of $483.77 million, a P/E ratio of -12.54 and a beta of 1.17. The business’s 50 day moving average price is $10.07 and its 200-day moving average price is $8.49. Arteris, Inc. has a 52 week low of $5.70 and a 52 week high of $12.64.

Insider Buying and Selling at Arteris

In other news, CEO K Charles Janac sold 17,856 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $10.12, for a total value of $180,702.72. Following the transaction, the chief executive officer now owns 10,287,435 shares in the company, valued at approximately $104,108,842.20. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Saiyed Atiq Raza sold 2,776 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $12.34, for a total transaction of $34,255.84. Following the sale, the director now directly owns 684,320 shares of the company’s stock, valued at $8,444,508.80. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 325,456 shares of company stock worth $3,355,352. 33.70% of the stock is owned by insiders.

Arteris 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.