Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 1,246 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,246 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $14.82, for a total transaction of $18,465.72. Following the sale, the chief executive officer directly owned 160,513 shares in the company, valued at approximately $2,378,802.66. This represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, December 3rd, K Charles Janac sold 2,058 shares of Arteris stock. The stock was sold at an average price of $15.52, for a total transaction of $31,940.16.
• On Wednesday, October 8th, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $13.07, for a total transaction of $653,500.00.
• On Monday, October 6th, K Charles Janac sold 100,000 shares of Arteris stock. The stock was sold at an average price of $13.10, for a total value of $1,310,000.00.
• On Monday, October 6th, K Charles Janac sold 5,755 shares of Arteris stock. The stock was sold at an average price of $14.00, for a total value of $80,570.00.
• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The shares were sold at an average price of $11.07, for a total value of $130,858.47.
• On Thursday, October 2nd, K Charles Janac sold 7,147 shares of Arteris stock. The stock was sold at an average price of $10.92, for a total transaction of $78,045.24.

Arteris Trading Up 1.8%

NASDAQ AIP traded up $0.30 on Friday, hitting $17.03. 241,497 shares of the company’s stock traded hands, compared to its average volume of 583,781. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $17.15. The firm’s 50-day moving average price is $13.43 and its two-hundred day moving average price is $10.58. The firm has a market capitalization of $744.07 million, a PE ratio of -20.52 and a beta of 1.49.

Arteris (NASDAQ:AIP) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.00 million. Arteris had a negative net margin of 52.25% and a negative return on equity of 8,546.17%. On average, research analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AIP shares. Cowen reissued a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Jefferies Financial Group raised shares of Arteris to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a report on Monday, September 15th. TD Cowen increased their target price on shares of Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Rosenblatt Securities lifted their price target on Arteris from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AIP. Raymond James Financial Inc. acquired a new position in shares of Arteris during the second quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its holdings in Arteris by 75.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock valued at $61,000 after purchasing an additional 2,595 shares in the last quarter. Savant Capital LLC acquired a new stake in Arteris during the 2nd quarter worth $97,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Arteris during the second quarter worth $104,000. Finally, Strs Ohio acquired a new stake in shares of Arteris in the first quarter valued at about $104,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

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.