Arteris, Inc. (NASDAQ:AIP) CEO Sells $104,050.88 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 8,432 shares of Arteris stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $12.34, for a total transaction of $104,050.88. Following the completion of the transaction, the chief executive officer now owns 260,088 shares in the company, valued at approximately $3,209,485.92. This trade represents a 3.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The stock was sold at an average price of $11.41, for a total value of $71,380.96.
• On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The shares were 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 transaction of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The shares were sold at an average price of $10.01, for a total value of $141,941.80.
• 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 transaction 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.

Arteris Price Performance

Shares of NASDAQ AIP remained flat at $11.25 during mid-day trading on Wednesday. 325,673 shares of the company traded hands, compared to its average volume of 667,995. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. The firm’s 50 day moving average price is $9.08 and its 200-day moving average price is $8.11.

Institutional Trading of Arteris

A number of institutional investors and hedge funds have recently modified their holdings of the company. Needham Investment Management LLC increased its position in shares of Arteris by 14.7% during the 3rd 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. Franklin Resources Inc. raised its position in Arteris by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after purchasing an additional 12,375 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 36,908 shares during the period. State Street Corp lifted its position in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in Arteris in the third quarter valued at approximately $2,504,000. 64.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Arteris in a research note 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.