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 business’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 transaction, the director now owns 233,198 shares in the company, valued at approximately $2,567,509.98. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Arteris Stock Up 0.2 %

Shares of NASDAQ:AIP traded up $0.03 on Monday, hitting $12.28. 495,407 shares of the company traded hands, compared to its average volume of 869,555. The stock has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $8.08. The company has a market cap of $493.37 million, a PE ratio of -12.79 and a beta of 1.17. Arteris, Inc. has a 52 week low of $4.83 and a 52 week high of $12.64. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Arteris

A number of large investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC lifted its stake in shares of Arteris by 14.7% in the 3rd 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 period. Franklin Resources Inc. increased its holdings in Arteris by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after acquiring an additional 12,375 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $4,610,000 after purchasing an additional 36,908 shares during the period. State Street Corp lifted its holdings in shares of 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 buying an additional 64,081 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Arteris during the 3rd quarter worth approximately $2,504,000. Institutional investors own 64.36% of the company’s stock.

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.