Jane Street Group LLC Has $149,000 Stock Position in Arteris, Inc. (NASDAQ:AIP)

Jane Street Group LLC decreased its position in shares of Arteris, Inc. (NASDAQ:AIP) by 14.4% in the third quarter, Holdings Channel.com reports. The firm owned 19,318 shares of the company’s stock after selling 3,261 shares during the period. Jane Street Group LLC’s holdings in Arteris were worth $149,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of Arteris in the third quarter worth about $34,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Arteris in the second quarter worth about $86,000. Algert Global LLC acquired a new stake in shares of Arteris in the second quarter worth about $115,000. MetLife Investment Management LLC lifted its position in shares of Arteris by 129.1% in the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after buying an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arteris in the third quarter worth about $226,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Insider Activity

In other news, CEO K Charles Janac sold 60,584 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $10.42, for a total value of $631,285.28. Following the transaction, the chief executive officer now directly owns 10,134,541 shares of the company’s stock, valued at $105,601,917.22. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul L. Alpern sold 2,471 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $11.41, for a total value of $28,194.11. Following the completion of the transaction, the vice president now directly owns 64,930 shares in the company, valued at $740,851.30. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 325,456 shares of company stock worth $3,355,352. Company insiders own 33.70% of the company’s stock.

Arteris Trading Up 1.1 %

AIP stock opened at $11.22 on Tuesday. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The firm has a market cap of $450.79 million, a P/E ratio of -11.69 and a beta of 1.17. The business’s 50 day moving average is $9.42 and its 200-day moving average is $8.22. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

Wall Street Analysts Forecast Growth

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

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.