Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 70,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $34.91, for a total transaction of $2,443,700.00. Following the completion of the sale, the chief executive officer directly owned 8,929,071 shares of the company’s stock, valued at approximately $311,713,868.61. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
K Charles Janac also recently made the following trade(s):
- On Friday, May 8th, K Charles Janac sold 70,000 shares of Arteris stock. The stock was sold at an average price of $31.20, for a total transaction of $2,184,000.00.
- On Wednesday, April 8th, K Charles Janac sold 70,000 shares of Arteris stock. The stock was sold at an average price of $19.04, for a total transaction of $1,332,800.00.
- On Thursday, April 2nd, K Charles Janac sold 9,009 shares of Arteris stock. The stock was sold at an average price of $17.65, for a total transaction of $159,008.85.
- On Monday, April 6th, K Charles Janac sold 11,800 shares of Arteris stock. The stock was sold at an average price of $18.34, for a total transaction of $216,412.00.
- On Thursday, March 26th, K Charles Janac sold 32,988 shares of Arteris stock. The stock was sold at an average price of $18.35, for a total transaction of $605,329.80.
- On Wednesday, March 25th, K Charles Janac sold 7,012 shares of Arteris stock. The shares were sold at an average price of $18.03, for a total transaction of $126,426.36.
Arteris Stock Performance
AIP stock opened at $33.51 on Thursday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -42.42 and a beta of 1.98. The firm has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $20.39. Arteris, Inc. has a one year low of $7.92 and a one year high of $38.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.73 and a current ratio of 0.73.
Hedge Funds Weigh In On Arteris
Several hedge funds have recently modified their holdings of AIP. Westerly Capital Management LLC increased its holdings in shares of Arteris by 109.6% during the third quarter. Westerly Capital Management LLC now owns 1,425,000 shares of the company’s stock valued at $14,392,000 after acquiring an additional 745,000 shares in the last quarter. Nuveen LLC increased its holdings in Arteris by 872.3% in the 4th quarter. Nuveen LLC now owns 737,281 shares of the company’s stock worth $11,428,000 after buying an additional 661,454 shares during the period. Goldman Sachs Group Inc. increased its holdings in Arteris by 144.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,012,670 shares of the company’s stock worth $15,696,000 after buying an additional 598,840 shares during the period. Granahan Investment Management LLC increased its holdings in Arteris by 725.7% in the 3rd quarter. Granahan Investment Management LLC now owns 621,625 shares of the company’s stock worth $6,278,000 after buying an additional 546,341 shares during the period. Finally, Informed Momentum Co LLC acquired a new position in Arteris in the 4th quarter worth approximately $5,755,000. Institutional investors and hedge funds own 64.36% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on AIP shares. Weiss Ratings lowered shares of Arteris from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Northland Securities set a $38.00 price target on shares of Arteris in a research report on Wednesday, May 13th. Rosenblatt Securities increased their price target on shares of Arteris from $20.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. TD Cowen increased their price target on shares of Arteris from $22.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Arteris from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.75.
Check Out Our Latest Stock Analysis on AIP
Arteris Company Profile
Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.
Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.
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