Wayne C. Cantwell Sells 5,000 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) Director Wayne C. Cantwell sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the sale, the director now directly owns 233,198 shares of the company’s stock, valued at approximately $2,567,509.98. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Arteris Stock Down 8.4 %

Arteris stock opened at $11.25 on Wednesday. The company has a market capitalization of $451.99 million, a PE ratio of -11.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $12.64. The firm has a 50 day moving average price of $9.00 and a 200 day moving average price of $8.08.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Arteris

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock valued at $712,000 after acquiring an additional 37,032 shares during the period. Franklin Resources Inc. lifted its position in shares of Arteris by 0.8% during the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after purchasing an additional 12,375 shares in the last quarter. Barclays PLC boosted its stake in shares of Arteris by 321.1% in the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after purchasing an additional 30,041 shares during the period. Geode Capital Management LLC grew its holdings in shares of Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after purchasing an additional 36,908 shares in the last quarter. Finally, State Street Corp increased its stake in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after buying an additional 64,081 shares during the period. 64.36% of the stock is 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.