Insider Selling: Arteris, Inc. (NASDAQ:AIP) Director Sells 12,166 Shares of 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 sale, the director now owns 731,560 shares of the company’s stock, valued at $7,366,809.20. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $10.01, for a total value of $24,024.00.

Arteris Stock Performance

NASDAQ AIP opened at $8.95 on Friday. The stock has a market cap of $359.58 million, a PE ratio of -9.32 and a beta of 1.25. 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 has a 50-day moving average of $8.18 and a 200-day moving average of $7.87. Arteris, Inc. has a 52-week low of $4.83 and a 52-week high of $10.60.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in shares of Arteris in the second quarter valued at approximately $580,000. Rhumbline Advisers boosted its stake in Arteris by 2,182.8% in the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after purchasing an additional 30,428 shares during the period. Renaissance Technologies LLC boosted its stake in Arteris by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock valued at $861,000 after purchasing an additional 6,600 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Arteris in the 2nd quarter valued at $554,000. Finally, The Manufacturers Life Insurance Company bought a new position in Arteris during the 2nd quarter worth $86,000. 64.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research 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.