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 firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $12.35, for a total value of $41,076.10. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Arteris Price Performance

Shares of AIP stock remained flat at $11.25 on Wednesday. The stock had a trading volume of 325,673 shares, compared to its average volume of 667,995. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $12.64. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. The company’s fifty day simple moving average is $9.08 and its 200-day simple moving average is $8.11.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AIP. State Street Corp increased its holdings in shares of Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Arteris during the second quarter valued at $580,000. Dynamic Technology Lab Private Ltd purchased a new position in Arteris in the third quarter valued at $226,000. Geode Capital Management LLC raised its position in shares of Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares during the period. Finally, Barclays PLC boosted its stake in shares of Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after acquiring an additional 30,041 shares in the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.