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 on Monday, January 6th. The stock was 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 owns 450,600 shares in the company, valued at approximately $5,641,512. The trade was a 0.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arteris Trading Down 1.3 %

Shares of AIP opened at $11.10 on Friday. The stock has a market capitalization of $445.96 million, a P/E ratio of -11.56 and a beta of 1.17. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $9.33 and a two-hundred day simple moving average of $8.18.

Institutional Trading of Arteris

A number of institutional investors have recently modified their holdings of AIP. US Bancorp DE bought a new position in Arteris during the 3rd quarter valued at approximately $34,000. Renaissance Technologies LLC raised its holdings in shares of Arteris by 6.1% during the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock valued at $861,000 after acquiring an additional 6,600 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Arteris by 129.1% in the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after acquiring an additional 9,551 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Arteris in the second quarter valued at $86,000. Finally, Franklin Resources Inc. increased its position in Arteris by 0.8% during 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 during the period. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.