K Charles Janac Sells 17,856 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 17,856 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $10.12, for a total value of $180,702.72. Following the completion of the sale, the chief executive officer now owns 10,287,435 shares in the company, valued at approximately $104,108,842.20. This represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Trading Up 1.5 %

Shares of Arteris stock traded up $0.15 during trading hours on Friday, hitting $10.29. The company’s stock had a trading volume of 493,149 shares, compared to its average volume of 166,465. 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 company has a market capitalization of $413.45 million, a PE ratio of -10.72 and a beta of 1.25. The business has a fifty day moving average of $8.00 and a 200 day moving average of $7.83. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $10.60.

Wall Street Analyst Weigh In

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

Institutional Trading of Arteris

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of Arteris during the second quarter worth about $580,000. Dynamic Technology Lab Private Ltd acquired a new position in Arteris during the 3rd quarter worth approximately $226,000. Vanguard Group Inc. lifted its position in Arteris by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock worth $8,390,000 after acquiring an additional 3,242 shares in the last quarter. US Bancorp DE acquired a new stake in Arteris in the third quarter valued at approximately $34,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Arteris by 36.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock valued at $1,955,000 after acquiring an additional 67,414 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.