Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll Sells 1,161 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 1,161 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $12.52, for a total transaction of $14,535.72. Following the completion of the sale, the chief operating officer now owns 450,600 shares in the company, valued at $5,641,512. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Arteris Stock Performance

Shares of AIP stock remained flat at $11.25 during mid-day trading on Wednesday. 325,673 shares of the stock were exchanged, compared to its average volume of 667,995. 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 firm’s fifty day moving average is $9.08 and its 200-day moving average is $8.11. Arteris, Inc. has a 52 week low of $4.83 and a 52 week high of $12.64. The company has a market capitalization of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC raised its stake in Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after acquiring an additional 350,000 shares in the last quarter. Franklin Resources Inc. increased its holdings in Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after purchasing an additional 12,375 shares in the last quarter. Geode Capital Management LLC raised its position in Arteris by 6.6% in 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 last quarter. State Street Corp grew its holdings in shares of Arteris by 18.5% during 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. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Arteris during the third quarter worth $2,504,000. Institutional investors own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

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

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.