Arteris, Inc. (NASDAQ:AIP) VP Sells $41,076.10 in Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 3,326 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link.

Arteris Price Performance

Shares of Arteris stock remained flat at $11.25 during mid-day trading on Wednesday. The company’s stock had a trading volume of 325,673 shares, compared to its average volume of 667,995. The stock has a market capitalization of $451.99 million, a PE ratio of -11.72 and a beta of 1.17. The company has a fifty day moving average price of $9.08 and a 200-day moving average price of $8.11. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two 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.

Institutional Trading of Arteris

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

Analyst Upgrades and Downgrades

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