Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 1,973 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,973 shares of Arteris stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $8.19, for a total value of $16,158.87. Following the sale, the chief executive officer now owns 325,267 shares in the company, valued at $2,663,936.73. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The stock was sold at an average price of $8.38, for a total value of $11,145.40.
• 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 value of $516,500.00.
• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $10.01, for a total value of $141,941.80.
• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The shares were sold at an average price of $10.12, for a total value of $180,702.72.

Arteris Price Performance

Arteris stock opened at $7.89 on Friday. Arteris, Inc. has a 52 week low of $5.76 and a 52 week high of $12.64. The business has a 50-day simple moving average of $10.29 and a 200 day simple moving average of $8.83. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. The stock has a market cap of $323.08 million, a price-to-earnings ratio of -9.07 and a beta of 1.21.

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

Hedge Funds Weigh In On Arteris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its position 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 buying an additional 64,081 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Arteris by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after purchasing an additional 37,032 shares during the last quarter. Geode Capital Management LLC lifted its stake in Arteris by 6.6% during the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after purchasing an additional 36,908 shares during the last quarter. Barclays PLC lifted its stake in Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after purchasing an additional 30,041 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Arteris during the third quarter worth about $226,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AIP. Northland Securities lifted their price target on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Arteris in a research report on Tuesday, February 18th.

Arteris Company Profile

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.