Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza Sells 1,136 Shares

Arteris, Inc. (NASDAQ:AIP - Get Free Report) Director Saiyed Atiq Raza sold 1,136 shares of Arteris stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $10.00, for a total transaction of $11,360.00. Following the sale, the director directly owned 682,662 shares of the company's stock, valued at $6,826,620. This represents a 0.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, June 27th, Saiyed Atiq Raza sold 19,809 shares of Arteris stock. The stock was sold at an average price of $10.02, for a total value of $198,486.18.

Arteris Price Performance

AIP traded down $0.07 during trading hours on Monday, reaching $9.75. 270,408 shares of the stock traded hands, compared to its average volume of 237,777. The firm's fifty day simple moving average is $8.46 and its two-hundred day simple moving average is $8.50. The company has a market cap of $409.31 million, a price-to-earnings ratio of -11.89 and a beta of 1.44. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64.

Hedge Funds Weigh In On Arteris

Several hedge funds have recently made changes to their positions in AIP. Public Employees Retirement System of Ohio bought a new position in shares of Arteris in the second quarter valued at approximately $203,000. Kapitalo Investimentos Ltda bought a new stake in Arteris in the 2nd quarter valued at $104,000. Strs Ohio bought a new stake in Arteris in the 1st quarter valued at $104,000. Acadian Asset Management LLC increased its holdings in Arteris by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after buying an additional 260,277 shares during the period. Finally, Needham Investment Management LLC increased its holdings in Arteris by 2.5% in the 1st quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock valued at $19,434,000 after buying an additional 67,500 shares during the period. Institutional investors and hedge funds own 64.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $14.00 price objective on shares of Arteris in a report on Wednesday, May 21st.

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.

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