Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza Sells 1,136 Shares

Arteris, Inc. (NASDAQ:AIP) Director Saiyed Atiq Raza sold 1,136 shares of the business’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $10.00, for a total value of $11,360.00. Following the transaction, the director directly owned 682,662 shares of the company’s stock, valued at approximately $6,826,620. The trade was a 0.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Saiyed Atiq Raza also recently made the following trade(s):

• On Friday, June 27th, Saiyed Atiq Raza sold 19,809 shares of Arteris stock. The shares were sold at an average price of $10.02, for a total value of $198,486.18.

Arteris Stock Performance

Shares of AIP opened at $9.57 on Thursday. The stock has a market cap of $401.75 million, a PE ratio of -11.67 and a beta of 1.44. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64. The firm’s 50-day simple moving average is $8.56 and its two-hundred day simple moving average is $8.50.

Institutional Trading of Arteris

A number of institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Arteris by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company’s stock valued at $802,000 after buying an additional 3,298 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Arteris during the 4th quarter valued at about $450,000. American Century Companies Inc. lifted its position in shares of Arteris by 6.0% during the 4th quarter. American Century Companies Inc. now owns 30,357 shares of the company’s stock valued at $309,000 after buying an additional 1,731 shares in the last quarter. LPL Financial LLC lifted its position in shares of Arteris by 22.8% during the 4th quarter. LPL Financial LLC now owns 133,559 shares of the company’s stock valued at $1,361,000 after buying an additional 24,812 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its position in shares of Arteris by 14.0% during the 4th quarter. EntryPoint Capital LLC now owns 19,814 shares of the company’s stock valued at $202,000 after buying an additional 2,430 shares in the last quarter. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st.

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.