K Charles Janac Sells 14,180 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 14,180 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $10.01, for a total value of $141,941.80. Following the completion of the transaction, the chief executive officer now owns 10,207,746 shares of the company’s stock, valued at $102,179,537.46. The trade was a 0.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 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.
• 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 Price Performance

NASDAQ:AIP traded down $0.39 during trading hours on Thursday, reaching $8.95. 183,679 shares of the company traded hands, compared to its average volume of 167,448. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $10.60. The stock has a market cap of $359.58 million, a P/E ratio of -9.32 and a beta of 1.25. The firm’s 50-day moving average is $8.15 and its 200-day moving average is $7.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

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.