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 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 completion of the sale, the vice president now owns 61,604 shares of the company’s stock, valued at $760,809.40. This represents a 5.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Arteris Stock Down 1.3 %

NASDAQ:AIP opened at $11.10 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The company has a market cap of $445.96 million, a PE ratio of -11.56 and a beta of 1.17. The company’s 50 day moving average is $9.33 and its two-hundred day moving average is $8.18.

Hedge Funds Weigh In On Arteris

Hedge funds have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in Arteris during the 3rd quarter worth about $34,000. Renaissance Technologies LLC raised its stake in shares of Arteris by 6.1% in the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after purchasing an additional 6,600 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Arteris by 129.1% during the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after purchasing an additional 9,551 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Arteris in the 2nd quarter worth approximately $86,000. Finally, Franklin Resources Inc. raised its position in 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 buying an additional 12,375 shares during the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Arteris in a 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.