Insider Selling: Arteris, Inc. (NASDAQ:AIP) COO Sells 22,865 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 22,865 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $11.04, for a total transaction of $252,429.60. Following the completion of the transaction, the chief operating officer now directly owns 468,727 shares in the company, valued at approximately $5,174,746.08. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Arteris Stock Up 0.2 %

NASDAQ:AIP traded up $0.03 during midday trading on Monday, hitting $12.28. 495,407 shares of the company were exchanged, compared to its average volume of 869,555. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $12.64. The company has a market capitalization of $493.37 million, a PE ratio of -12.79 and a beta of 1.17. The company has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $8.08.

Hedge Funds Weigh In On Arteris

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after purchasing an additional 37,032 shares during the last quarter. Franklin Resources Inc. grew its holdings 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 worth $11,201,000 after buying an additional 12,375 shares during the last quarter. Barclays PLC lifted its position in Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after acquiring an additional 30,041 shares during the period. Geode Capital Management LLC lifted its position in Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares during the period. Finally, State Street Corp lifted its position in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after acquiring an additional 64,081 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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.