Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll Sells 1,161 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 1,161 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $12.52, for a total transaction of $14,535.72. Following the completion of the sale, the chief operating officer now directly owns 450,600 shares of the company’s stock, valued at $5,641,512. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arteris Price Performance

Shares of Arteris stock opened at $11.25 on Thursday. Arteris, Inc. has a one year low of $4.83 and a one year 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. 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 firm has a fifty day moving average of $9.16 and a two-hundred day moving average of $8.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC lifted its holdings in Arteris by 14.7% in the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after acquiring an additional 350,000 shares during the period. Franklin Resources Inc. increased its holdings in shares of Arteris by 0.8% in the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after purchasing an additional 36,908 shares during the period. State Street Corp boosted its holdings in 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 buying an additional 64,081 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in Arteris during the third quarter worth about $2,504,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Arteris in a research note 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.