Arteris, Inc. (NASDAQ:AIP) Short Interest Down 21.2% in December

Arteris, Inc. (NASDAQ:AIP - Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 308,100 shares, a drop of 21.2% from the November 30th total of 391,100 shares. Based on an average daily volume of 143,300 shares, the short-interest ratio is currently 2.2 days. Currently, 1.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Arteris news, CEO K Charles Janac sold 17,856 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $10.12, for a total value of $180,702.72. Following the completion of the sale, the chief executive officer now owns 10,287,435 shares of the company's stock, valued at $104,108,842.20. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Saiyed Atiq Raza sold 12,166 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $10.07, for a total transaction of $122,511.62. Following the transaction, the director now directly owns 731,560 shares in the company, valued at $7,366,809.20. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,063 shares of company stock worth $1,055,822. Company insiders own 33.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Needham Investment Management LLC grew its stake in shares of 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 buying an additional 350,000 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of 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 acquiring an additional 12,375 shares in the last quarter. Geode Capital Management LLC increased its holdings in Arteris by 6.6% in 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 in the last quarter. State Street Corp increased its holdings in Arteris by 18.5% in the 3rd 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 in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Arteris in the third quarter valued at about $2,504,000. Institutional investors own 64.36% of the company's stock.

Arteris Price Performance

Shares of AIP traded down $0.34 during midday trading on Friday, hitting $10.27. The company's stock had a trading volume of 310,608 shares, compared to its average volume of 169,538. 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 has a one year low of $4.83 and a one year high of $10.69. The stock has a market capitalization of $412.62 million, a price-to-earnings ratio of -10.70 and a beta of 1.25. The company's fifty day simple moving average is $8.50 and its two-hundred day simple moving average is $7.96.

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.