Arteris, Inc. (NASDAQ:AIP) Director Sells $34,255.84 in Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 2,776 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $12.34, for a total transaction of $34,255.84. Following the completion of the sale, the director now owns 684,320 shares in the company, valued at approximately $8,444,508.80. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Saiyed Atiq Raza also recently made the following trade(s):

• On Thursday, December 26th, Saiyed Atiq Raza sold 41,439 shares of Arteris stock. The stock was sold at an average price of $10.37, for a total value of $429,722.43.
• 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 stock opened at $11.10 on Friday. The stock has a 50 day moving average price of $9.33 and a 200 day moving average price of $8.18. The firm has a market capitalization of $445.96 million, a P/E ratio of -11.56 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.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AIP. Bank of New York Mellon Corp bought a new stake in shares of Arteris during the second quarter valued at approximately $580,000. Rhumbline Advisers raised its position in Arteris by 2,182.8% during the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after purchasing an additional 30,428 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Arteris by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after buying an additional 6,600 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Arteris during the 2nd quarter worth $554,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Arteris during the second quarter valued at $86,000. 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.