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 Arteris 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 completion of the sale, the director now directly owns 684,320 shares of the company’s stock, valued at approximately $8,444,508.80. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $10.01, for a total transaction of $24,024.00.

Arteris Stock Performance

AIP opened at $11.25 on Thursday. The stock has a market capitalization of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $9.16 and a 200 day moving average of $8.13.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Arteris

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in 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 purchasing an additional 64,081 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Arteris during the second quarter worth $580,000. Dynamic Technology Lab Private Ltd bought a new position in Arteris during the 3rd quarter valued at about $226,000. Geode Capital Management LLC grew its stake in shares of Arteris by 6.6% during the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after buying an additional 36,908 shares during the last quarter. Finally, Barclays PLC grew its position in Arteris by 321.1% in the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares during the last quarter. 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.