Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 1,330 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.38, for a total value of $11,145.40. Following the completion of the transaction, the chief executive officer now directly owns 327,240 shares of the company’s stock, valued at $2,742,271.20. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
K Charles Janac also recently made the following trade(s):
- On Monday, February 3rd, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $10.33, for a total transaction of $516,500.00.
- On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was sold at an average price of $12.34, for a total value of $104,050.88.
- On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The shares were sold at an average price of $11.41, for a total transaction of $71,380.96.
- On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The stock was sold at an average price of $10.33, for a total transaction of $601,329.96.
- 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 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 value of $180,702.72.
Arteris Trading Down 1.3 %
NASDAQ:AIP traded down $0.11 during mid-day trading on Tuesday, hitting $8.20. 378,108 shares of the stock traded hands, compared to its average volume of 311,920. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 52 week low of $5.76 and a 52 week high of $12.64. The stock has a market capitalization of $335.77 million, a price-to-earnings ratio of -9.43 and a beta of 1.18. The firm’s 50 day moving average is $10.42 and its two-hundred day moving average is $8.83.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on AIP shares. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Arteris in a research note on Tuesday, February 18th. Northland Securities raised their price objective on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on Arteris
Institutional Trading of Arteris
Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE purchased a new stake in shares of Arteris during the third quarter valued at $34,000. Quarry LP bought a new stake in Arteris during the 4th quarter valued at about $46,000. R Squared Ltd purchased a new stake in Arteris in the 4th quarter valued at about $64,000. D. E. Shaw & Co. Inc. bought a new position in Arteris in the 4th quarter worth about $110,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Arteris in the 4th quarter worth about $117,000. Hedge funds and other 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.
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