Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern Sells 2,471 Shares

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 2,471 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $11.41, for a total value of $28,194.11. Following the sale, the vice president now owns 64,930 shares in the company, valued at $740,851.30. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Arteris Stock Performance

Shares of NASDAQ AIP traded up $0.03 during mid-day trading on Monday, reaching $12.28. 495,407 shares of the company were exchanged, compared to its average volume of 869,555. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The stock has a market capitalization of $493.37 million, a P/E ratio of -12.79 and a beta of 1.17. The company’s 50-day simple moving average is $9.00 and its 200-day simple moving average is $8.08. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Wall Street Analysts Forecast Growth

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.

Hedge Funds Weigh In On Arteris

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Arteris in the 2nd quarter valued at $580,000. Rhumbline Advisers grew its stake in shares of Arteris by 2,182.8% in the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after acquiring an additional 30,428 shares in 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 valued at $861,000 after acquiring an additional 6,600 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in Arteris during the second quarter worth about $554,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Arteris in the 2nd quarter worth about $86,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

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.