Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 1,242 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,242 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $8.58, for a total transaction of $10,656.36. Following the transaction, the chief executive officer now directly owns 276,837 shares in the company, valued at $2,375,261.46. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $39,633.60.

Arteris Price Performance

Shares of AIP opened at $8.99 on Friday. The company has a 50 day moving average of $7.76 and a two-hundred day moving average of $7.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $9.54. The company has a market cap of $361.19 million, a price-to-earnings ratio of -9.36 and a beta of 1.25.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Arteris

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its position in shares of Arteris by 0.8% in 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 last quarter. Barclays PLC increased its stake in Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after purchasing an additional 30,041 shares in 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 worth $4,610,000 after buying an additional 36,908 shares during the period. State Street Corp grew its holdings in shares of 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 buying an additional 64,081 shares during the last quarter. Finally, Needham Investment Management LLC grew its holdings 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 valued at $21,114,000 after buying an additional 350,000 shares during the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

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.