Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 2,057 Shares

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 2,057 shares of Arteris stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $7.83, for a total value of $16,106.31. Following the completion of the sale, the chief executive officer now owns 305,664 shares of the company's stock, valued at $2,393,349.12. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The stock was sold at an average price of $7.70, for a total transaction of $9,594.20.
• On Wednesday, April 2nd, K Charles Janac sold 7,150 shares of Arteris stock. The stock was sold at an average price of $7.12, for a total transaction of $50,908.00.

Arteris Trading Up 1.0%

Shares of NASDAQ AIP traded up $0.08 during trading on Monday, hitting $8.01. 285,413 shares of the company were exchanged, compared to its average volume of 205,142. Arteris, Inc. has a 12-month low of $5.46 and a 12-month high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. The company has a fifty day moving average price of $6.89 and a 200-day moving average price of $8.60. The firm has a market capitalization of $336.24 million, a PE ratio of -9.21 and a beta of 1.37.

Institutional Investors Weigh In On Arteris

A number of institutional investors have recently made changes to their positions in AIP. Needham Investment Management LLC lifted its holdings in shares of Arteris by 2.5% in the first quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock valued at $19,434,000 after buying an additional 67,500 shares during the period. Samjo Management LLC raised its position in Arteris by 0.9% during the fourth quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock valued at $11,792,000 after buying an additional 10,000 shares during the period. Acadian Asset Management LLC raised its position in Arteris by 40.6% during the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after buying an additional 260,277 shares during the period. Next Century Growth Investors LLC increased its position in Arteris by 46.4% in the 1st quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock worth $2,817,000 after purchasing an additional 129,143 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Arteris by 97.2% in the 1st quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after purchasing an additional 161,241 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AIP shares. Rosenblatt Securities reiterated a "buy" rating and issued a $14.00 price target on shares of Arteris in a report on Wednesday, May 21st. Northland Securities increased their price target on shares of Arteris from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th.

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.