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 business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $10.12, for a total value of $180,702.72. Following the transaction, the chief executive officer now directly owns 10,287,435 shares of the company’s stock, valued at approximately $104,108,842.20. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 value 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 value of $39,633.60.

Arteris Stock Performance

AIP traded up $0.15 on Friday, hitting $10.29. 493,149 shares of the company traded hands, compared to its average volume of 166,465. Arteris, Inc. has a 12-month low of $4.83 and a 12-month high of $10.60. The company has a 50 day moving average of $8.00 and a 200-day moving average of $7.83. 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 stock has a market capitalization of $413.45 million, a PE ratio of -10.72 and a beta of 1.25.

Institutional Investors Weigh In On Arteris

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Arteris by 0.8% in the 3rd 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 during the period. Barclays PLC increased its stake in shares of Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after acquiring an additional 30,041 shares during the period. Geode Capital Management LLC raised its holdings in Arteris by 6.6% during the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after purchasing an additional 36,908 shares in the last quarter. State Street Corp lifted its position in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares during the period. Finally, Needham Investment Management LLC lifted its position in Arteris by 14.7% in the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after purchasing an additional 350,000 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Arteris in a 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.