Insider Selling: Arteris, Inc. (NASDAQ:AIP) VP Sells 2,879 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) VP Paul L. Alpern sold 2,879 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president owned 80,156 shares in the company, valued at $720,602.44. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Arteris Trading Up 0.7%

Shares of NASDAQ:AIP traded up $0.06 during trading on Monday, hitting $9.29. 539,679 shares of the company's stock traded hands, compared to its average volume of 229,363. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $12.64. The company has a 50-day moving average price of $7.95 and a 200-day moving average price of $8.56. The company has a market cap of $389.99 million, a price-to-earnings ratio of -11.33 and a beta of 1.44.

Institutional Investors Weigh In On Arteris

A number of hedge funds and other institutional investors have recently made changes to their positions in AIP. G2 Investment Partners Management LLC acquired a new stake in shares of Arteris in the fourth quarter valued at approximately $2,799,000. Charles Schwab Investment Management Inc. lifted its position in shares of Arteris by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock valued at $802,000 after buying an additional 3,298 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Arteris in the fourth quarter valued at $214,000. Two Sigma Advisers LP lifted its stake in shares of Arteris by 82.9% during the 4th quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock worth $240,000 after buying an additional 10,700 shares during the last quarter. Finally, EAM Investors LLC bought a new position in shares of Arteris during the fourth quarter worth approximately $983,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.

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