Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 9,009 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $17.65, for a total value of $159,008.85. Following the completion of the transaction, the chief executive officer directly owned 208,529 shares in the company, valued at $3,680,536.85. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
K Charles Janac also recently made the following trade(s):
- On Monday, April 6th, K Charles Janac sold 11,800 shares of Arteris stock. The shares were sold at an average price of $18.34, for a total value 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 value of $605,329.80.
- On Wednesday, March 25th, K Charles Janac sold 7,012 shares of Arteris stock. The stock was sold at an average price of $18.03, for a total value of $126,426.36.
- On Tuesday, March 10th, K Charles Janac sold 9,000 shares of Arteris stock. The shares were sold at an average price of $14.66, for a total value of $131,940.00.
- On Monday, March 9th, K Charles Janac sold 41,000 shares of Arteris stock. The stock was sold at an average price of $14.21, for a total transaction of $582,610.00.
- On Tuesday, February 10th, K Charles Janac sold 2,756 shares of Arteris stock. The shares were sold at an average price of $15.03, for a total transaction of $41,422.68.
- On Monday, February 9th, K Charles Janac sold 47,244 shares of Arteris stock. The stock was sold at an average price of $15.21, for a total transaction of $718,581.24.
- On Thursday, January 15th, K Charles Janac sold 17,884 shares of Arteris stock. The stock was sold at an average price of $17.84, for a total transaction of $319,050.56.
- On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The shares were sold at an average price of $17.79, for a total transaction of $37,643.64.
- On Thursday, January 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $16.58, for a total transaction of $829,000.00.
Arteris Stock Up 0.2%
NASDAQ:AIP traded up $0.04 during trading hours on Monday, hitting $18.24. 370,155 shares of the stock were exchanged, compared to its average volume of 447,221. The company’s 50 day moving average is $15.67 and its two-hundred day moving average is $14.96. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $19.85.
Institutional Trading of Arteris
Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Arteris during the second quarter worth about $32,000. BNP Paribas Financial Markets increased its holdings in shares of Arteris by 75.0% in the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after acquiring an additional 2,595 shares in the last quarter. Strs Ohio acquired a new stake in shares of Arteris during the first quarter worth about $104,000. Penn Capital Management Company LLC bought a new position in shares of Arteris during the 3rd quarter valued at about $109,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Arteris during the 3rd quarter valued at about $113,000. Institutional investors and hedge funds own 64.36% of the company’s stock.
Analysts Set New Price Targets
AIP has been the subject of several analyst reports. Northland Securities set a $24.00 price target on shares of Arteris in a research report on Friday, February 13th. Wall Street Zen raised shares of Arteris from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Arteris in a report on Friday, February 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.17.
Read Our Latest Analysis on AIP
About Arteris
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.
Further Reading
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