Paul L. Alpern Sells 3,326 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 3,326 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $12.35, for a total value of $41,076.10. Following the sale, the vice president now owns 61,604 shares of the company’s stock, valued at approximately $760,809.40. The trade was a 5.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arteris Price Performance

Arteris stock opened at $11.25 on Friday. The firm has a fifty day moving average of $9.25 and a 200-day moving average of $8.15. Arteris, Inc. has a 52-week low of $4.83 and a 52-week high of $12.64. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Arteris

Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of Arteris during the second quarter worth about $580,000. Rhumbline Advisers raised its holdings in shares of Arteris by 2,182.8% during the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after buying an additional 30,428 shares during the period. Renaissance Technologies LLC lifted its position in Arteris by 6.1% during the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after acquiring an additional 6,600 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Arteris in the 2nd quarter worth approximately $554,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Arteris in the second quarter valued at approximately $86,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.