Arteris, Inc. (NASDAQ:AIP) CEO Sells $601,329.96 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 58,212 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $10.33, for a total value of $601,329.96. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $10.42, for a total transaction of $631,285.28.
• 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 transaction 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 stock was sold at an average price of $8.58, for a total transaction of $10,656.36.

Arteris Trading Up 3.0 %

NASDAQ AIP opened at $12.25 on Friday. Arteris, Inc. has a one year low of $4.83 and a one year high of $12.39. 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 company has a market capitalization of $492.17 million, a price-to-earnings ratio of -12.76 and a beta of 1.25. The company’s 50-day simple moving average is $8.89 and its two-hundred day simple moving average is $8.05.

Hedge Funds Weigh In On Arteris

Several institutional investors have recently bought and sold shares of AIP. US Bancorp DE bought a new position in Arteris in the third quarter worth about $34,000. The Manufacturers Life Insurance Company purchased a new position in shares of Arteris in the 2nd quarter worth approximately $86,000. Algert Global LLC bought a new position in shares of Arteris during the 2nd quarter worth approximately $115,000. MetLife Investment Management LLC lifted its position in Arteris by 129.1% during the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock valued at $131,000 after acquiring an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Arteris in the third quarter valued at approximately $226,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

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 research note on Wednesday, November 6th.

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.