Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 14,180 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 14,180 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $10.01, for a total transaction of $141,941.80. Following the sale, the chief executive officer now directly owns 10,207,746 shares of the company’s stock, valued at $102,179,537.46. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

K Charles Janac also recently made the following trade(s):

• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The shares were sold at an average price of $10.12, for a total value of $180,702.72.
• On Tuesday, December 3rd, K Charles Janac sold 1,242 shares of Arteris stock. The stock was sold at an average price of $8.58, for a total value of $10,656.36.
• On Wednesday, October 2nd, K Charles Janac sold 5,520 shares of Arteris stock. The shares were sold at an average price of $7.18, for a total value of $39,633.60.

Arteris Trading Down 4.2 %

Shares of NASDAQ:AIP opened at $8.95 on Friday. The stock has a 50 day moving average of $8.18 and a 200 day moving average of $7.87. The company has a market cap of $359.58 million, a PE ratio of -9.32 and a beta of 1.25. Arteris, Inc. has a 12-month low of $4.83 and a 12-month high of $10.60. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Arteris in a research report on Wednesday, November 6th.

Hedge Funds Weigh In On Arteris

A number of hedge funds have recently modified their holdings of the company. 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 purchasing an additional 12,375 shares during the period. Barclays PLC raised its holdings in Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares during the period. Geode Capital Management LLC lifted its position in shares of Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after acquiring an additional 36,908 shares in the last quarter. State Street Corp boosted its stake in shares of Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after acquiring an additional 64,081 shares during the period. Finally, Needham Investment Management LLC grew its position in shares of Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after purchasing an additional 350,000 shares in the last quarter. 64.36% of the stock is currently owned by 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.