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 Arteris stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $8.58, for a total value of $10,656.36. Following the transaction, the chief executive officer now owns 276,837 shares in the company, valued at approximately $2,375,261.46. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 value of $39,633.60.

Arteris Trading Up 1.4 %

Shares of Arteris stock opened at $8.99 on Friday. The stock has a 50 day moving average of $7.76 and a 200 day moving average of $7.77. 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 firm has a market capitalization of $361.22 million, a price-to-earnings ratio of -9.36 and a beta of 1.25. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $9.54.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Arteris in a report on Wednesday, November 6th.

Hedge Funds Weigh In On Arteris

A number of hedge funds have recently modified their holdings of AIP. Needham Investment Management LLC boosted 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 during the period. Franklin Resources Inc. grew its stake in shares of Arteris by 0.8% in the third 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of Arteris by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after buying an additional 3,242 shares during the period. Geode Capital Management LLC lifted its stake in Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 acquiring an additional 64,081 shares during the period. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

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.