K Charles Janac Sells 58,212 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 58,212 shares of Arteris stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $10.33, for a total value of $601,329.96. Following the completion of the sale, the chief executive officer now directly owns 10,020,588 shares in the company, valued at $103,512,674.04. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The stock was sold at an average price of $10.42, for a total value of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The shares were 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 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.

Arteris Stock Up 3.0 %

Shares of AIP opened at $12.25 on Friday. 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 business has a fifty day moving average of $8.89 and a 200 day moving average of $8.05. The company has a market cap of $492.17 million, a PE ratio of -12.76 and a beta of 1.25. Arteris, Inc. has a 52-week low of $4.83 and a 52-week high of $12.39.

Institutional Investors Weigh In On Arteris

Several institutional investors have recently made changes to their positions in AIP. Needham Investment Management LLC raised its position in Arteris by 14.7% in 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. Essex Investment Management Co. LLC purchased a new stake in shares of Arteris in the third quarter worth approximately $2,504,000. Bank of New York Mellon Corp bought a new stake in shares of Arteris during the 2nd quarter worth approximately $580,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Arteris during the 2nd quarter valued at $554,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Arteris by 36.3% in the 3rd 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 during the last quarter. Institutional investors own 64.36% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Arteris in a research report 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.