State Street Corp Grows Stock Holdings in Arteris, Inc. (NASDAQ:AIP)

State Street Corp raised its holdings in Arteris, Inc. (NASDAQ:AIP) by 18.5% during the third quarter, Holdings Channel reports. The institutional investor owned 410,578 shares of the company’s stock after buying an additional 64,081 shares during the period. State Street Corp’s holdings in Arteris were worth $3,170,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AIP. Needham Investment Management LLC grew its holdings in shares of Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after purchasing an additional 350,000 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Arteris during the 3rd quarter worth approximately $2,504,000. Jacobs Levy Equity Management Inc. increased its position in Arteris by 36.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after buying an additional 67,414 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Arteris by 6.1% in the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock valued at $861,000 after acquiring an additional 6,600 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Arteris during the second quarter worth approximately $580,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Arteris Stock Up 0.8 %

AIP stock opened at $10.35 on Tuesday. The stock has a market capitalization of $415.83 million, a PE ratio of -10.78 and a beta of 1.25. The company has a fifty day moving average of $8.56 and a 200-day moving average of $7.97. 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 one year low of $4.83 and a one year high of $10.69.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO K Charles Janac sold 5,520 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $7.18, for a total value of $39,633.60. Following the completion of the transaction, the chief executive officer now directly owns 287,247 shares of the company’s stock, valued at $2,062,433.46. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Laurent R. Moll sold 3,801 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $7.18, for a total value of $27,291.18. Following the sale, the chief operating officer now directly owns 490,667 shares in the company, valued at approximately $3,522,989.06. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 216,086 shares of company stock worth $2,080,080. Corporate insiders own 33.70% of the company’s stock.

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.