Arteris (NASDAQ:AIP) CEO Sells $188,350.50 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 11,145 shares of Arteris stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $16.90, for a total transaction of $188,350.50. Following the completion of the sale, the chief executive officer directly owned 139,487 shares of the company’s stock, valued at approximately $2,357,330.30. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The stock was sold at an average price of $15.45, for a total value of $120,865.35.
• On Monday, December 8th, K Charles Janac sold 70,000 shares of Arteris stock. The shares were sold at an average price of $17.71, for a total value of $1,239,700.00.
• On Friday, December 5th, K Charles Janac sold 60,000 shares of Arteris stock. The shares were sold at an average price of $17.08, for a total value of $1,024,800.00.
• On Thursday, December 4th, K Charles Janac sold 40,000 shares of Arteris stock. The stock was sold at an average price of $16.46, for a total value of $658,400.00.
• On Wednesday, December 3rd, K Charles Janac sold 2,058 shares of Arteris stock. The shares were sold at an average price of $15.52, for a total value of $31,940.16.
• On Tuesday, December 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The stock was sold at an average price of $14.82, for a total transaction of $18,465.72.

Arteris Price Performance

Shares of NASDAQ AIP traded down $0.79 during trading on Thursday, hitting $16.63. The stock had a trading volume of 374,864 shares, compared to its average volume of 450,242. The firm has a fifty day moving average of $15.27 and a two-hundred day moving average of $12.05. The company has a market capitalization of $726.40 million, a PE ratio of -20.04 and a beta of 1.48. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $19.85.

Arteris (NASDAQ:AIP) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. The firm had revenue of $17.41 million for the quarter, compared to analysts’ expectations of $17.00 million. On average, equities analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

AIP has been the subject of several research analyst reports. Wall Street Zen raised Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Arteris in a research report on Monday, December 15th. TD Cowen raised their price objective on shares of Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Hedge Funds Weigh In On Arteris

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Arteris in the second quarter valued at approximately $32,000. BNP Paribas Financial Markets raised its holdings in Arteris by 75.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock valued at $61,000 after acquiring an additional 2,595 shares during the period. Savant Capital LLC purchased a new stake in shares of Arteris during the second quarter worth $97,000. Penn Capital Management Company LLC bought a new position in shares of Arteris in the third quarter worth $109,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Arteris during the 2nd quarter valued at $104,000. Institutional investors own 64.36% of the company’s stock.

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.