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 firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $12.35, for a total value of $41,076.10. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arteris Price Performance

Shares of AIP stock opened at $11.25 on Friday. The firm has a fifty day moving average of $9.25 and a two-hundred day moving average of $8.15. The firm has a market cap of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Hedge Funds Weigh In On Arteris

A number of hedge funds have recently bought and sold shares of AIP. JPMorgan Chase & Co. lifted its holdings in Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after buying an additional 37,032 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after acquiring an additional 12,375 shares in the last quarter. Barclays PLC lifted its stake in Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after purchasing an additional 30,041 shares during the last quarter. Geode Capital Management LLC increased its stake in Arteris by 6.6% during the third 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. Finally, State Street Corp raised its holdings in shares of Arteris by 18.5% during the third quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after purchasing an additional 64,081 shares during the period. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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