R Squared Ltd Takes $64,000 Position in Arteris, Inc. (NASDAQ:AIP)

R Squared Ltd purchased a new position in shares of Arteris, Inc. (NASDAQ:AIP) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,260 shares of the company’s stock, valued at approximately $64,000.

Several other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of Arteris during the third quarter worth approximately $34,000. Renaissance Technologies LLC grew its position in Arteris by 6.1% during the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after buying an additional 6,600 shares in the last quarter. MetLife Investment Management LLC increased its stake in Arteris by 129.1% during the 3rd 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 acquired a new position in Arteris in the 2nd quarter valued at $86,000. Finally, Franklin Resources Inc. lifted its position 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 valued at $11,201,000 after acquiring an additional 12,375 shares during the period. 64.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Arteris Stock Down 5.3 %

NASDAQ AIP opened at $10.62 on Friday. The business has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $8.58. The stock has a market capitalization of $426.68 million, a PE ratio of -11.06 and a beta of 1.17. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Insider Buying and Selling

In other news, Director Saiyed Atiq Raza sold 2,776 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $12.34, for a total transaction of $34,255.84. Following the completion of the transaction, the director now directly owns 684,320 shares in the company, valued at approximately $8,444,508.80. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul L. Alpern sold 2,471 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $11.41, for a total value of $28,194.11. Following the sale, the vice president now directly owns 64,930 shares in the company, valued at approximately $740,851.30. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 325,456 shares of company stock worth $3,355,352 in the last ninety days. 33.70% of the stock is owned by insiders.

Arteris 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.