K Charles Janac Sells 60,584 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 60,584 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $10.42, for a total value of $631,285.28. Following the sale, the chief executive officer now owns 10,134,541 shares of the company’s stock, valued at approximately $105,601,917.22. The trade was a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $141,941.80.
• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The stock was 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 stock was sold at an average price of $7.18, for a total transaction of $39,633.60.

Arteris Stock Performance

NASDAQ:AIP opened at $10.19 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $8.62 and a 200 day moving average price of $7.98. The firm has a market capitalization of $409.40 million, a PE ratio of -10.61 and a beta of 1.25. Arteris, Inc. has a 12-month low of $4.83 and a 12-month high of $10.69.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Arteris

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new position in Arteris during the third quarter worth $34,000. Renaissance Technologies LLC grew its holdings in shares of Arteris by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after purchasing an additional 6,600 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Arteris by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after purchasing an additional 9,551 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Arteris during the 2nd quarter valued at about $86,000. Finally, Franklin Resources Inc. boosted its position in 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. Institutional investors own 64.36% of the company’s stock.

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.