4,419 Shares in Arteris, Inc. (NASDAQ:AIP) Bought by US Bancorp DE

US Bancorp DE acquired a new stake in shares of Arteris, Inc. (NASDAQ:AIP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,419 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Arteris by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after buying an additional 3,242 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Arteris by 6.1% in the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after purchasing an additional 6,600 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Arteris during the second quarter valued at $86,000. Algert Global LLC bought a new stake in shares of Arteris during the second quarter valued at about $115,000. Finally, Rhumbline Advisers lifted its holdings in Arteris by 2,182.8% in the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock worth $239,000 after purchasing an additional 30,428 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.

Arteris Price Performance

Shares of NASDAQ:AIP opened at $7.84 on Tuesday. The company’s fifty day moving average is $7.38 and its two-hundred day moving average is $7.73. The company has a market cap of $315.01 million, a P/E ratio of -8.17 and a beta of 1.13. Arteris, Inc. has a 12-month low of $4.65 and a 12-month high of $9.54. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Insider Activity

In other news, COO Laurent R. Moll sold 37,561 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $7.49, for a total transaction of $281,331.89. Following the transaction, the chief operating officer now owns 544,468 shares in the company, valued at approximately $4,078,065.32. The trade was a 6.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Wayne C. Cantwell sold 15,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.95, for a total value of $104,250.00. Following the completion of the transaction, the director now directly owns 243,198 shares of the company’s stock, valued at approximately $1,690,226.10. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,409 shares of company stock worth $1,059,138 in the last 90 days. Company insiders own 33.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AIP. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Arteris in a research report on Wednesday, November 6th. Westpark Capital restated a “buy” rating and issued a $11.00 price objective on shares of Arteris in a report on Wednesday, July 31st.

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.