29,285 Shares in Arteris, Inc. (NASDAQ:AIP) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Arteris, Inc. (NASDAQ:AIP) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 29,285 shares of the company’s stock, valued at approximately $226,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Arteris as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of Arteris during the 2nd quarter valued at $580,000. Vanguard Group Inc. grew its position in Arteris by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after acquiring an additional 3,242 shares during the period. US Bancorp DE acquired a new stake in Arteris during the third quarter worth about $34,000. Essex Investment Management Co. LLC acquired a new stake in Arteris during the 3rd quarter worth approximately $2,504,000. Finally, Algert Global LLC purchased a new position in Arteris in the second quarter valued at approximately $115,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Arteris Stock Performance

Arteris stock opened at $8.61 on Tuesday. The firm has a market capitalization of $345.92 million, a PE ratio of -8.97 and a beta of 1.13. Arteris, Inc. has a one year low of $4.83 and a one year high of $9.54. The stock’s 50 day moving average price is $7.65 and its 200 day moving average price is $7.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16.

Insider Activity

In other news, COO Laurent R. Moll sold 37,561 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $7.49, for a total transaction of $281,331.89. Following the completion of the transaction, the chief operating officer now directly owns 544,468 shares in the company, valued at approximately $4,078,065.32. This represents a 6.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Wayne C. Cantwell sold 15,000 shares of Arteris stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.95, for a total transaction of $104,250.00. Following the completion of the sale, the director now 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 position. The disclosure for this sale can be found here. Insiders have sold 129,751 shares of company stock worth $951,813 over the last 90 days. Company insiders own 33.70% of the company’s stock.

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.