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

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 14,180 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was 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 represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 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.
• 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 Trading Up 5.9 %

AIP opened at $9.48 on Friday. The company’s 50 day moving average is $8.22 and its 200-day moving average is $7.88. The company has a market cap of $380.88 million, a P/E ratio of -9.87 and a beta of 1.25. Arteris, Inc. has a 1-year low of $4.83 and a 1-year 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.

Hedge Funds Weigh In On Arteris

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Needham Investment Management LLC boosted its stake 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 purchasing an additional 350,000 shares in the last quarter. Franklin Resources Inc. raised its holdings in 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 buying an additional 12,375 shares during the last quarter. Geode Capital Management LLC raised its holdings in Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after buying an additional 36,908 shares during the last quarter. State Street Corp boosted its position in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after buying an additional 64,081 shares during the period. Finally, Essex Investment Management Co. LLC bought a new stake in Arteris during the 3rd quarter worth approximately $2,504,000. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target 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.