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

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 1,161 shares of Arteris stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 450,600 shares in the company, valued at $5,641,512. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Arteris Price Performance

AIP stock opened at $11.25 on Friday. The firm has a 50-day moving average price of $9.25 and a 200-day moving average price of $8.15. Arteris, Inc. has a 12 month low of $4.83 and a 12 month high of $12.64. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Arteris

A number of institutional investors have recently added to or reduced their stakes in AIP. Needham Investment Management LLC grew its stake in shares of Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after buying an additional 350,000 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Arteris during the 3rd quarter valued at $2,504,000. Bank of New York Mellon Corp acquired a new stake in shares of Arteris during the 2nd quarter valued at $580,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Arteris during the 2nd quarter worth $554,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Arteris by 36.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after purchasing an additional 67,414 shares in the last quarter. 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.