Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza Sells 2,776 Shares

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 2,776 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $12.34, for a total value of $34,255.84. Following the transaction, the director now owns 684,320 shares of the company’s stock, valued at $8,444,508.80. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $10.37, for a total transaction of $429,722.43.
• On Wednesday, December 18th, Saiyed Atiq Raza sold 12,166 shares of Arteris stock. The stock was sold at an average price of $10.07, for a total transaction of $122,511.62.
• On Wednesday, December 11th, Saiyed Atiq Raza sold 2,400 shares of Arteris stock. The shares were sold at an average price of $10.01, for a total transaction of $24,024.00.

Arteris Price Performance

AIP stock opened at $11.25 on Friday. The firm has a 50 day moving average of $9.25 and a 200-day moving average of $8.15. The firm has a market capitalization of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a 12 month low of $4.83 and a 12 month high of $12.64. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Needham Investment Management LLC increased its holdings in shares of Arteris by 14.7% in the third 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. Essex Investment Management Co. LLC bought a new position in Arteris in the 3rd quarter worth about $2,504,000. Bank of New York Mellon Corp purchased a new stake in shares of Arteris in the 2nd quarter valued at about $580,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Arteris during the 2nd quarter valued at about $554,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Arteris by 36.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after purchasing an additional 67,414 shares in the last quarter. 64.36% of the stock is owned by institutional investors.

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.