Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 1,330 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,330 shares of Arteris stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.38, for a total transaction of $11,145.40. Following the transaction, the chief executive officer now owns 327,240 shares of the company’s stock, valued at approximately $2,742,271.20. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, February 3rd, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $10.33, for a total transaction of $516,500.00.
• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The shares were sold at an average price of $12.34, for a total value of $104,050.88.
• On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The stock was sold at an average price of $11.41, for a total value of $71,380.96.
• On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The shares were sold at an average price of $10.33, for a total value of $601,329.96.
• On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The shares were sold at an average price of $10.42, for a total value of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The shares were sold at an average price of $10.01, for a total transaction of $141,941.80.
• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The stock was sold at an average price of $10.12, for a total transaction of $180,702.72.

Arteris Trading Down 1.3 %

Shares of AIP stock opened at $8.20 on Wednesday. The firm’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $8.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. Arteris, Inc. has a 1-year low of $5.76 and a 1-year high of $12.64. The firm has a market cap of $335.77 million, a P/E ratio of -9.43 and a beta of 1.18.

Arteris (NASDAQ:AIP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The company had revenue of $15.49 million for the quarter, compared to analysts’ expectations of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. As a group, equities analysts forecast that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Arteris by 18.5% during the third quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after acquiring an additional 64,081 shares during the last quarter. JPMorgan Chase & Co. increased its position in Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after purchasing an additional 37,032 shares in the last quarter. Geode Capital Management LLC raised its holdings in Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after buying an additional 36,908 shares during the period. Barclays PLC lifted its position in Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after buying an additional 30,041 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Arteris during the third quarter valued at approximately $226,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analysts Set New Price Targets

AIP has been the topic of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Arteris in a research note on Tuesday, February 18th. Northland Securities increased their price target on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th.

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.