Arteris, Inc. (NASDAQ:AIP) COO Sells $252,429.60 in Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 22,865 shares of Arteris stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $11.04, for a total transaction 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. This trade represents a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Arteris Stock Performance

Shares of NASDAQ AIP opened at $11.25 on Thursday. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The company has a 50-day moving average of $9.08 and a two-hundred day moving average of $8.11. The company has a market cap of $451.99 million, a PE ratio of -11.72 and a beta of 1.17. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AIP. JPMorgan Chase & Co. increased its stake in shares of Arteris by 67.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock valued at $712,000 after buying an additional 37,032 shares during the period. Franklin Resources Inc. boosted its holdings in Arteris by 0.8% in the third 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 increased its position 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. Geode Capital Management LLC raised its holdings in Arteris by 6.6% during the 3rd 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 lifted 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 purchasing an additional 64,081 shares during the period. 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.