Arteris Sees Unusually Large Options Volume (NASDAQ:AIP)

Arteris, Inc. (NASDAQ:AIP) was the recipient of unusually large options trading on Tuesday. Stock traders bought 15,629 call options on the company. This is an increase of approximately 8,440% compared to the typical volume of 183 call options.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AIP shares. Northland Securities raised their price target on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $14.00 price target on shares of Arteris in a research report on Wednesday, May 21st.

Insider Buying and Selling

In other Arteris news, COO Laurent R. Moll sold 4,703 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total transaction of $33,485.36. Following the completion of the sale, the chief operating officer now directly owns 482,833 shares of the company’s stock, valued at approximately $3,437,770.96. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicholas B. Hawkins sold 3,770 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $8.07, for a total value of $30,423.90. Following the sale, the chief financial officer now directly owns 161,937 shares of the company’s stock, valued at $1,306,831.59. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,895 shares of company stock valued at $365,310 over the last quarter. 33.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arteris

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Arteris in the fourth quarter valued at $46,000. US Bancorp DE grew its position in shares of Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after purchasing an additional 1,283 shares during the period. CWM LLC grew its position in shares of Arteris by 4,810.1% in the first quarter. CWM LLC now owns 10,213 shares of the company’s stock valued at $71,000 after purchasing an additional 10,005 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Arteris in the first quarter valued at $95,000. Finally, Strs Ohio purchased a new stake in shares of Arteris in the first quarter valued at $104,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Arteris Price Performance

Shares of NASDAQ:AIP opened at $8.67 on Wednesday. The company has a market cap of $363.97 million, a P/E ratio of -10.57 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.30. Arteris has a 52 week low of $5.46 and a 52 week high of $12.64. The business has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $8.59.

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.