Short Interest in Arteris, Inc. (NASDAQ:AIP) Rises By 15.6%

Arteris, Inc. (NASDAQ:AIP - Get Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 356,200 shares, an increase of 15.6% from the December 15th total of 308,100 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 204,000 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Arteris

In related news, VP Paul L. Alpern sold 2,471 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $11.41, for a total value of $28,194.11. Following the completion of the sale, the vice president now owns 64,930 shares of the company's stock, valued at approximately $740,851.30. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Saiyed Atiq Raza sold 2,776 shares of Arteris stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $12.34, for a total transaction of $34,255.84. Following the sale, the director now directly owns 684,320 shares in the company, valued at approximately $8,444,508.80. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 325,456 shares of company stock valued at $3,355,352. Corporate insiders own 33.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AIP. Needham Investment Management LLC grew its holdings 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 purchasing an additional 350,000 shares during the last quarter. Franklin Resources Inc. grew its stake in Arteris by 0.8% during the 3rd 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. Geode Capital Management LLC increased its position in Arteris by 6.6% during the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company's stock worth $4,610,000 after buying an additional 36,908 shares during the period. State Street Corp grew its position in shares of Arteris by 18.5% during the third 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 last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in Arteris during the 3rd quarter worth $2,504,000. Institutional investors and hedge funds own 64.36% of the company's stock.

Arteris Stock Up 0.3 %

Shares of NASDAQ:AIP traded up $0.03 during trading on Friday, hitting $11.48. The company's stock had a trading volume of 174,740 shares, compared to its average volume of 454,558. Arteris has a fifty-two week low of $4.91 and a fifty-two week high of $12.64. The business has a 50 day moving average price of $9.62 and a two-hundred day moving average price of $8.29. 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 company has a market capitalization of $461.27 million, a PE ratio of -11.96 and a beta of 1.17.

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.