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

Arteris, Inc. (NASDAQ:AIPGet 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.

Read Our Latest Research Report on AIP

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

(Get Free Report)

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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Insider Buying and Selling by Quarter for Arteris (NASDAQ:AIP)

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