Saiyed Atiq Raza Sells 12,166 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 12,166 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $10.07, for a total transaction of $122,511.62. Following the completion of the transaction, the director now directly owns 731,560 shares in the company, valued at approximately $7,366,809.20. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Saiyed Atiq Raza also recently made the following trade(s):

• 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 Trading Up 5.9 %

AIP opened at $9.48 on Friday. The company has a market cap of $380.88 million, a P/E ratio of -9.87 and a beta of 1.25. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $8.22 and its 200-day moving average is $7.88. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $10.60.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Arteris

A number of hedge funds have recently added to or reduced their stakes in AIP. US Bancorp DE acquired a new position in shares of Arteris during the third quarter worth $34,000. Renaissance Technologies LLC grew its position in Arteris by 6.1% during the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after acquiring an additional 6,600 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Arteris by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after purchasing an additional 9,551 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Arteris in the second quarter valued at about $86,000. Finally, Franklin Resources Inc. boosted its stake in shares of Arteris by 0.8% during the third 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. Institutional investors and hedge funds 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.