Arteris, Inc. (NASDAQ:AIP – Get Free Report) Director Saiyed Atiq Raza sold 70,000 shares of Arteris stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $36.02, for a total transaction of $2,521,400.00. Following the sale, the director owned 140,000 shares in the company, valued at approximately $5,042,800. This represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Saiyed Atiq Raza also recently made the following trade(s):
- On Wednesday, June 3rd, Saiyed Atiq Raza sold 20,839 shares of Arteris stock. The stock was sold at an average price of $37.39, for a total transaction of $779,170.21.
- On Friday, May 1st, Saiyed Atiq Raza sold 90,000 shares of Arteris stock. The stock was sold at an average price of $28.71, for a total transaction of $2,583,900.00.
- On Monday, April 20th, Saiyed Atiq Raza sold 17,060 shares of Arteris stock. The stock was sold at an average price of $22.16, for a total transaction of $378,049.60.
- On Friday, April 17th, Saiyed Atiq Raza sold 72,940 shares of Arteris stock. The stock was sold at an average price of $22.16, for a total transaction of $1,616,350.40.
Arteris Stock Performance
Shares of Arteris stock opened at $34.28 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.17. Arteris, Inc. has a twelve month low of $7.65 and a twelve month high of $38.99. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -43.39 and a beta of 1.98. The company’s fifty day moving average is $27.69 and its 200 day moving average is $19.89.
Analyst Ratings Changes
Several analysts recently weighed in on AIP shares. Jefferies Financial Group boosted their price objective on shares of Arteris from $16.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Northland Securities set a $38.00 target price on shares of Arteris in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Arteris from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of Arteris from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Finally, TD Cowen increased their target price on shares of Arteris from $22.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Arteris currently has a consensus rating of “Hold” and an average target price of $37.75.
Read Our Latest Report on Arteris
Institutional Trading of Arteris
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its position in Arteris by 9.3% during the 4th quarter. Intech Investment Management LLC now owns 13,540 shares of the company’s stock valued at $210,000 after purchasing an additional 1,148 shares during the period. Deutsche Bank AG increased its position in Arteris by 7.7% during the 4th quarter. Deutsche Bank AG now owns 21,159 shares of the company’s stock valued at $328,000 after purchasing an additional 1,504 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Arteris by 75.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after buying an additional 2,595 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Arteris by 12.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company’s stock worth $242,000 after buying an additional 2,613 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of Arteris by 16.5% during the 3rd quarter. Strs Ohio now owns 20,500 shares of the company’s stock worth $207,000 after buying an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.
Arteris Company Profile
Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.
Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.
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