Paul L. Alpern Sells 2,879 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) VP Paul L. Alpern sold 2,879 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $8.99, for a total transaction of $25,882.21. Following the transaction, the vice president directly owned 80,156 shares in the company, valued at approximately $720,602.44. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Arteris Stock Down 2.2%

Shares of AIP stock traded down $0.21 during mid-day trading on Thursday, reaching $9.22. 393,434 shares of the company's stock traded hands, compared to its average volume of 232,246. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $12.64. The company has a market cap of $387.06 million, a P/E ratio of -11.24 and a beta of 1.44. The company's 50-day moving average price is $8.11 and its 200-day moving average price is $8.57.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reissued a "buy" rating and set a $14.00 price objective on shares of Arteris in a research report on Wednesday, May 21st.

Institutional Trading of Arteris

A number of hedge funds have recently modified their holdings of the business. Needham Investment Management LLC boosted its stake in Arteris by 2.5% in the 1st quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock worth $19,434,000 after purchasing an additional 67,500 shares in the last quarter. Samjo Management LLC boosted its stake in Arteris by 0.9% in the 4th quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock worth $11,792,000 after purchasing an additional 10,000 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Arteris by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after purchasing an additional 260,277 shares in the last quarter. Next Century Growth Investors LLC boosted its stake in Arteris by 46.4% in the 1st quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock worth $2,817,000 after purchasing an additional 129,143 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Arteris by 97.2% in the 1st quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after purchasing an additional 161,241 shares in the last quarter. Institutional investors own 64.36% of the company's stock.

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.