Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 9,168 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $7.23, for a total value of $66,284.64. Following the transaction, the chief executive officer now owns 296,070 shares of the company’s stock, valued at $2,140,586.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
K Charles Janac also recently made the following trade(s):
- On Monday, July 1st, K Charles Janac sold 4,583 shares of Arteris stock. The stock was sold at an average price of $7.24, for a total transaction of $33,180.92.
- On Tuesday, June 4th, K Charles Janac sold 3,303 shares of Arteris stock. The stock was sold at an average price of $7.70, for a total transaction of $25,433.10.
Arteris Price Performance
Shares of NASDAQ:AIP opened at $7.21 on Friday. The firm’s 50 day moving average price is $7.83 and its 200-day moving average price is $6.96. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $277.44 million, a PE ratio of -7.00 and a beta of 1.11. Arteris, Inc. has a twelve month low of $4.20 and a twelve month high of $9.54.
Institutional Trading of Arteris
Several hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new position in shares of Arteris in the fourth quarter worth approximately $60,000. Algert Global LLC bought a new position in Arteris in the 3rd quarter worth $142,000. Worth Venture Partners LLC boosted its holdings in Arteris by 22.6% in the 3rd quarter. Worth Venture Partners LLC now owns 51,301 shares of the company’s stock worth $334,000 after buying an additional 9,448 shares during the period. Citigroup Inc. purchased a new stake in Arteris in the 3rd quarter worth $363,000. Finally, Federated Hermes Inc. raised its holdings in Arteris by 8.3% during the third quarter. Federated Hermes Inc. now owns 130,000 shares of the company’s stock valued at $846,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 64.36% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on AIP shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price target (down from $11.00) on shares of Arteris in a report on Monday, May 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Arteris in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.40.
Check Out Our Latest Stock Report on AIP
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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