Arteris, Inc. (NASDAQ:AIP) COO Sells $14,535.72 in Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent R. Moll sold 1,161 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $12.52, for a total value of $14,535.72. Following the completion of the sale, the chief operating officer now owns 450,600 shares of the company's stock, valued at $5,641,512. The trade was a 0.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Arteris Stock Performance

Shares of NASDAQ:AIP remained flat at $11.25 during midday trading on Wednesday. The company had a trading volume of 325,673 shares, compared to its average volume of 667,995. The stock's 50-day moving average is $9.08 and its two-hundred day moving average is $8.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The company has a market cap of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reissued a "buy" rating and set a $15.00 price target on shares of Arteris in a research report on Wednesday, November 6th.

Institutional Investors Weigh In On Arteris

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Arteris by 67.1% in the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company's stock worth $712,000 after acquiring an additional 37,032 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Arteris by 0.8% in 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 during the last quarter. Barclays PLC increased its stake in shares of Arteris by 321.1% in the third quarter. Barclays PLC now owns 39,396 shares of the company's stock worth $304,000 after purchasing an additional 30,041 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 36,908 shares during the last quarter. Finally, State Street Corp boosted its stake in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company's stock valued at $3,170,000 after purchasing an additional 64,081 shares during the period. 64.36% of the stock is owned by hedge funds and other institutional investors.

Arteris Company Profile

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.

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