Insider Selling: Arteris, Inc. (NASDAQ:AIP) VP Sells $28,194.11 in Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 2,471 shares of the company’s stock in a transaction on 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 directly owns 64,930 shares in the company, valued at approximately $740,851.30. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arteris Price Performance

NASDAQ:AIP opened at $11.25 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty day moving average price is $9.08 and its 200-day moving average price is $8.11. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. 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 Analyst Weigh In

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.

Institutional Investors Weigh In On Arteris

Several hedge funds have recently added to or reduced their stakes in AIP. Needham Investment Management LLC lifted its holdings in shares of Arteris by 14.7% in the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after buying an additional 350,000 shares during the period. Essex Investment Management Co. LLC purchased a new position in Arteris during the third quarter valued at approximately $2,504,000. Bank of New York Mellon Corp acquired a new position in Arteris in the second quarter valued at approximately $580,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Arteris in the 2nd quarter worth approximately $554,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Arteris by 36.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock worth $1,955,000 after purchasing an additional 67,414 shares during the period. 64.36% of the stock is owned by hedge funds and other institutional investors.

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.