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 company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $8.58, for a total transaction of $10,656.36. Following the completion of the sale, the chief executive officer now directly owns 276,837 shares in the company, valued at $2,375,261.46. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was sold at an average price of $7.18, for a total transaction of $39,633.60.

Arteris Trading Down 3.8 %

NASDAQ AIP opened at $8.87 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. Arteris, Inc. has a one year low of $4.83 and a one year high of $9.54. The company has a 50-day simple moving average of $7.73 and a 200-day simple moving average of $7.77. The firm has a market capitalization of $356.37 million, a PE ratio of -9.24 and a beta of 1.25.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Arteris

Several institutional investors have recently made changes to their positions in AIP. Bank of New York Mellon Corp bought a new position in shares of Arteris during the second quarter worth about $580,000. Vanguard Group Inc. boosted its stake in Arteris by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after purchasing an additional 3,242 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Arteris in the 3rd quarter worth about $226,000. US Bancorp DE bought a new position in Arteris in the 3rd quarter worth about $34,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Arteris in the third quarter valued at approximately $2,504,000. 64.36% of the stock is owned by institutional investors.

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.