Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 5,520 shares of Arteris stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $7.18, for a total transaction of $39,633.60. Following the sale, the chief executive officer now directly owns 287,247 shares in the company, valued at $2,062,433.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
K Charles Janac also recently made the following trade(s):
- On Thursday, September 5th, K Charles Janac sold 1,955 shares of Arteris stock. The shares were sold at an average price of $7.26, for a total transaction of $14,193.30.
- On Tuesday, September 3rd, K Charles Janac sold 1,348 shares of Arteris stock. The shares were sold at an average price of $7.87, for a total transaction of $10,608.76.
Arteris Stock Performance
AIP opened at $7.10 on Monday. The firm has a market capitalization of $273.20 million, a price-to-earnings ratio of -6.89 and a beta of 1.11. Arteris, Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $9.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day moving average price is $7.52 and its two-hundred day moving average price is $7.64.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of AIP. GSA Capital Partners LLP lifted its position in shares of Arteris by 26.9% in the 1st quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock worth $973,000 after purchasing an additional 28,165 shares during the period. Vanguard Group Inc. lifted its position in shares of Arteris by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after acquiring an additional 3,242 shares during the period. Acadian Asset Management LLC lifted its position in shares of Arteris by 28.1% during the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after acquiring an additional 117,312 shares during the period. Silvercrest Asset Management Group LLC lifted its position in shares of Arteris by 25.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after acquiring an additional 143,385 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Arteris during the 2nd quarter valued at $580,000. Institutional investors and hedge funds own 64.36% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AIP. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Arteris in a report on Monday, August 5th. Westpark Capital reissued a “buy” rating and set a $11.00 target price on shares of Arteris in a report on Wednesday, July 31st.
View Our Latest Stock Report on Arteris
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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