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 Arteris 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 owns 64,930 shares of the company’s stock, valued at approximately $740,851.30. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Arteris Price Performance

Shares of NASDAQ AIP opened at $11.25 on Thursday. The firm has a market cap of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. The company’s 50-day simple moving average is $9.08 and its 200-day simple moving average is $8.11. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 52-week low of $4.83 and a 52-week high of $12.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Needham Investment Management LLC raised its holdings in shares of Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after acquiring an additional 350,000 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Arteris by 0.8% during the third 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 in the last quarter. Geode Capital Management LLC raised its stake in Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after purchasing an additional 36,908 shares during the last quarter. State Street Corp lifted its holdings in Arteris by 18.5% in 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. Finally, Essex Investment Management Co. LLC acquired a new stake in Arteris during the 3rd quarter worth $2,504,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.