Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 2,057 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 2,057 shares of the 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 transaction, the chief executive officer now directly owns 305,664 shares in the company, valued at $2,393,349.12. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.5 Semiconductor stocks under $10K Charles Janac also recently made the following trade(s): On Monday, June 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The shares were sold at an average price of $7.70, for a total value 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 value of $50,908.00. Arteris Stock Up 3.7%NASDAQ:AIP traded up $0.28 during mid-day trading on Friday, hitting $7.93. The company had a trading volume of 184,190 shares, compared to its average volume of 204,528. The business has a fifty day simple moving average of $6.88 and a 200-day simple moving average of $8.59. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $12.64. The firm has a market capitalization of $332.89 million, a price-to-earnings ratio of -9.11 and a beta of 1.37. Wall Street Analysts Forecast GrowthThree IPO’s To Buy In December AIP has been the subject of several analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st. Northland Securities boosted their target price on Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th.Get Our Latest Stock Analysis on ArterisHedge Funds Weigh In On ArterisA number of hedge funds and other institutional investors have recently bought and sold shares of AIP. Quarry LP bought a new stake in Arteris during the fourth quarter worth approximately $46,000. US Bancorp DE raised its stake in Arteris by 29.0% during the 4th quarter. US Bancorp DE now owns 5,702 shares of the company's stock valued at $58,000 after purchasing an additional 1,283 shares during the period. CWM LLC raised its stake in Arteris by 4,810.1% during the 1st quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after purchasing an additional 10,005 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Arteris during the 1st quarter valued at $95,000. Finally, Strs Ohio bought a new stake in Arteris in the first quarter worth $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds. About Arteris (Get Free Report)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.Featured StoriesFive stocks we like better than ArterisBest Stocks Under $5.00A Large Oil Supply Draw Could Mean Upside in These 3 Energy NamesManufacturing Stocks Investing3 Stocks Getting Rare Double Upgrades From AnalystsHow to Most Effectively Use the MarketBeat Earnings ScreenerThis Banking Giant Just Got a $90 Price Target UpgradeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Arteris Right Now?Before you consider Arteris, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arteris wasn't on the list.While Arteris currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here