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

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 2,471 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $740,851.30. This represents a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Arteris Trading Up 0.2 %

Shares of NASDAQ AIP opened at $12.28 on Tuesday. The stock’s 50 day moving average price is $9.00 and its two-hundred day moving average price is $8.08. Arteris, Inc. has a 52-week low of $4.83 and a 52-week 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 has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

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

Institutional Trading of Arteris

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Needham Investment Management LLC raised its position in shares of Arteris by 14.7% during the 3rd 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 period. Franklin Resources Inc. raised its position in shares of Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after purchasing an additional 12,375 shares during the period. Geode Capital Management LLC raised its position in shares of Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after purchasing an additional 36,908 shares during the period. State Street Corp raised its position in shares of Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after purchasing an additional 64,081 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Arteris during the 3rd quarter worth approximately $2,504,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.