Arteris, Inc. (NASDAQ:AIP) CEO Sells $71,380.96 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 6,256 shares of Arteris stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $11.41, for a total value of $71,380.96. Following the completion of the sale, the chief executive officer now owns 268,520 shares in the company, valued at approximately $3,063,813.20. This trade represents a 2.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The stock was sold at an average price of $10.33, for a total transaction of $601,329.96.
• On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The stock was sold at an average price of $10.42, for a total value of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The stock was sold at an average price of $10.01, for a total transaction of $141,941.80.
• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The stock was sold at an average price of $10.12, for a total transaction of $180,702.72.
• On Tuesday, December 3rd, K Charles Janac sold 1,242 shares of Arteris stock. The shares were sold at an average price of $8.58, for a total transaction of $10,656.36.

Arteris Stock Performance

Arteris stock traded up $0.03 on Monday, hitting $12.28. The company’s stock had a trading volume of 495,407 shares, compared to its average volume of 869,555. The company has a fifty day moving average price of $9.00 and a 200-day moving average price of $8.08. Arteris, Inc. has a one year low of $4.83 and a one year high of $12.64. The firm has a market cap of $493.37 million, a P/E ratio of -12.79 and a beta of 1.17. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Institutional Trading of Arteris

Several hedge funds have recently modified their holdings of AIP. State Street Corp grew its stake 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. Bank of New York Mellon Corp bought a new position in Arteris in the second quarter valued at approximately $580,000. Dynamic Technology Lab Private Ltd acquired a new stake in Arteris in the 3rd quarter valued at about $226,000. Geode Capital Management LLC raised 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 purchasing an additional 36,908 shares during the period. Finally, US Bancorp DE acquired a new position in Arteris in the 3rd quarter valued at $34,000. 64.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.