Arteris, Inc. (NASDAQ:AIP - Get Free Report) Director Saiyed Atiq Raza sold 41,439 shares of Arteris stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $10.37, for a total transaction of $429,722.43. Following the completion of the sale, the director now owns 690,121 shares in the company, valued at $7,156,554.77. The trade was a 5.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Saiyed Atiq Raza also recently made the following trade(s):
- On Wednesday, December 18th, Saiyed Atiq Raza sold 12,166 shares of Arteris stock. The shares were sold at an average price of $10.07, for a total value of $122,511.62.
- On Wednesday, December 11th, Saiyed Atiq Raza sold 2,400 shares of Arteris stock. The stock was sold at an average price of $10.01, for a total value of $24,024.00.
Arteris Price Performance
Shares of AIP opened at $10.35 on Tuesday. The firm has a market capitalization of $415.83 million, a PE ratio of -10.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The company's 50-day moving average is $8.56 and its 200-day moving average is $7.97. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $10.69.
Institutional Investors Weigh In On Arteris
What are “crypto royalties”?
From Centurion Publishing | Ad
Man Who Recommended Bitcoin at $600 – Reveals: “Crypto Royalties” My #1 Crypto Play for 2025 and Beyond…
It’s from a little-known asset I call “Crypto Royalties.”
Go here and I’ll show you how.
Several hedge funds have recently bought and sold shares of the stock. Needham Investment Management LLC lifted its stake in 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 purchasing an additional 350,000 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company's stock worth $11,201,000 after buying an additional 12,375 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company's stock worth $4,610,000 after buying an additional 36,908 shares during the last quarter. State Street Corp boosted its stake in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company's stock valued at $3,170,000 after buying an additional 64,081 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Arteris in the third quarter valued at about $2,504,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $15.00 price target on shares of Arteris in a research note on Wednesday, November 6th.
Check Out Our Latest Analysis on AIP
About Arteris
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
