Saiyed Atiq Raza Sells 41,439 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 41,439 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $10.37, for a total value of $429,722.43. Following the sale, the director now owns 690,121 shares of the company’s stock, valued at approximately $7,156,554.77. This represents a 5.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Saiyed Atiq Raza also recently made the following trade(s):

• On Wednesday, December 18th, Saiyed Atiq Raza sold 12,166 shares of Arteris stock. The stock was sold at an average price of $10.07, for a total value of $122,511.62.
• On Wednesday, December 11th, Saiyed Atiq Raza sold 2,400 shares of Arteris stock. The shares were sold at an average price of $10.01, for a total transaction of $24,024.00.

Arteris Stock Down 1.5 %

AIP stock opened at $10.19 on Wednesday. Arteris, Inc. has a 52 week low of $4.83 and a 52 week high of $10.69. The business has a 50-day simple moving average of $8.62 and a 200 day simple moving average of $7.98. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The company has a market cap of $409.40 million, a PE ratio of -10.61 and a beta of 1.25.

Hedge Funds Weigh In On Arteris

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

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Arteris in a research report on Wednesday, November 6th.

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.