Arteris, Inc. (NASDAQ:AIP) Director Sells $198,486.18 in Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) Director Saiyed Atiq Raza sold 19,809 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $10.02, for a total transaction of $198,486.18. Following the completion of the transaction, the director directly owned 683,798 shares of the company's stock, valued at $6,851,655.96. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Arteris Stock Up 0.8%

Shares of Arteris stock traded up $0.07 on Wednesday, reaching $9.09. 435,795 shares of the stock were exchanged, compared to its average volume of 227,578. The business has a 50 day moving average price of $7.85 and a two-hundred day moving average price of $8.58. The firm has a market capitalization of $381.60 million, a price-to-earnings ratio of -11.09 and a beta of 1.44. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $12.64.

Wall Street Analyst Weigh In

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

Institutional Trading of Arteris

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of Arteris in the fourth quarter worth about $46,000. US Bancorp DE lifted its holdings in Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company's stock valued at $58,000 after acquiring an additional 1,283 shares during the period. CWM LLC lifted its holdings in Arteris by 4,810.1% in the first quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after acquiring an additional 10,005 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Arteris in the 1st quarter worth approximately $95,000. Finally, Strs Ohio acquired a new stake in shares of Arteris during the 1st quarter worth approximately $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.