K Charles Janac Sells 8,432 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 8,432 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $12.34, for a total value of $104,050.88. Following the completion of the sale, the chief executive officer now owns 260,088 shares of the company’s stock, valued at approximately $3,209,485.92. This trade represents a 3.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 shares were 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 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 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 AIP stock opened at $11.25 on Thursday. The firm has a fifty day moving average of $9.16 and a two-hundred day moving average of $8.13. The firm has a market cap of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently bought and sold shares of AIP. Needham Investment Management LLC grew its position in shares of Arteris by 14.7% in the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after acquiring an additional 350,000 shares in the last quarter. Franklin Resources Inc. lifted its stake in Arteris by 0.8% during the third 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 boosted its holdings in Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after purchasing an additional 36,908 shares during the period. State Street Corp increased its stake in Arteris by 18.5% during the third 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 last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Arteris during the third quarter worth $2,504,000. 64.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective 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.