K Charles Janac Sells 3,303 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIPGet Free Report) CEO K Charles Janac sold 3,303 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $7.16, for a total transaction of $23,649.48. Following the transaction, the chief executive officer now owns 328,747 shares in the company, valued at approximately $2,353,828.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, January 2nd, K Charles Janac sold 3,242 shares of Arteris stock. The shares were sold at an average price of $5.69, for a total transaction of $18,446.98.

Arteris Price Performance

NASDAQ:AIP opened at $7.19 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50-day moving average of $6.28 and a 200-day moving average of $6.06. Arteris, Inc. has a one year low of $3.57 and a one year high of $8.08.

Institutional Investors Weigh In On Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in AIP. Bank of America Corp DE grew its position in Arteris by 24.4% in the 1st quarter. Bank of America Corp DE now owns 6,544 shares of the company’s stock worth $85,000 after purchasing an additional 1,284 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Arteris by 12.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,296 shares of the company’s stock worth $160,000 after purchasing an additional 1,369 shares in the last quarter. Vanguard Group Inc. grew its position in Arteris by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 230,099 shares of the company’s stock worth $2,992,000 after purchasing an additional 1,689 shares in the last quarter. BlackRock Inc. grew its position in Arteris by 0.9% in the 1st quarter. BlackRock Inc. now owns 279,346 shares of the company’s stock worth $3,632,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Arteris by 51.9% in the 1st quarter. Deutsche Bank AG now owns 11,386 shares of the company’s stock worth $48,000 after purchasing an additional 3,892 shares in the last quarter. 25.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and set a $17.00 price objective on shares of Arteris in a report on Tuesday, February 20th.

View Our Latest Research Report on AIP

About Arteris

(Get Free Report)

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and IP deployment solutions 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 System-on-Chip (Soc) designs and Network-on-Chip (NoC) interconnect IP.

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Insider Buying and Selling by Quarter for Arteris (NASDAQ:AIP)

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