Saiyed Atiq Raza Sells 19,809 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 19,809 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $10.02, for a total transaction of $198,486.18. Following the transaction, the director owned 683,798 shares of the company’s stock, valued at approximately $6,851,655.96. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arteris Trading Up 0.8%

Shares of NASDAQ AIP opened at $9.09 on Thursday. The company has a market cap of $381.60 million, a price-to-earnings ratio of -11.09 and a beta of 1.44. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $12.64. The stock has a 50-day moving average price of $7.85 and a two-hundred day moving average price of $8.58.

Institutional Investors Weigh In On Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in Arteris by 79.4% in the 4th quarter. Rhumbline Advisers now owns 76,974 shares of the company’s stock valued at $784,000 after purchasing an additional 34,056 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Arteris during the fourth quarter worth $450,000. US Bancorp DE increased its holdings in shares of Arteris by 29.0% during the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after buying an additional 1,283 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Arteris by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company’s stock valued at $802,000 after acquiring an additional 3,298 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Arteris by 6.0% during the 4th quarter. American Century Companies Inc. now owns 30,357 shares of the company’s stock valued at $309,000 after acquiring an additional 1,731 shares in the last quarter. 64.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Arteris in a report on Wednesday, May 21st.

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.