Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 32,988 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 32,988 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $18.35, for a total transaction of $605,329.80. Following the completion of the transaction, the chief executive officer directly owned 9,189,071 shares of the company’s stock, valued at approximately $168,619,452.85. The trade was a 0.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, March 25th, K Charles Janac sold 7,012 shares of Arteris stock. The stock was sold at an average price of $18.03, for a total transaction of $126,426.36.
• On Tuesday, March 10th, K Charles Janac sold 9,000 shares of Arteris stock. The stock was sold at an average price of $14.66, for a total transaction of $131,940.00.
• On Monday, March 9th, K Charles Janac sold 41,000 shares of Arteris stock. The shares were sold at an average price of $14.21, for a total value of $582,610.00.
• On Tuesday, February 10th, K Charles Janac sold 2,756 shares of Arteris stock. The shares were sold at an average price of $15.03, for a total value of $41,422.68.
• On Monday, February 9th, K Charles Janac sold 47,244 shares of Arteris stock. The stock was sold at an average price of $15.21, for a total value of $718,581.24.
• On Thursday, January 15th, K Charles Janac sold 17,884 shares of Arteris stock. The stock was sold at an average price of $17.84, for a total value of $319,050.56.
• On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The shares were sold at an average price of $17.79, for a total value of $37,643.64.
• On Thursday, January 8th, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $16.58, for a total value of $829,000.00.
• On Tuesday, January 6th, K Charles Janac sold 11,145 shares of Arteris stock. The stock was sold at an average price of $16.90, for a total value of $188,350.50.
• On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The shares were sold at an average price of $15.45, for a total value of $120,865.35.

Arteris Price Performance

Arteris stock opened at $16.51 on Friday. The business has a 50 day moving average of $15.60 and a 200-day moving average of $14.58. The company has a market capitalization of $750.71 million, a P/E ratio of -20.13 and a beta of 1.45. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $19.85.

Arteris (NASDAQ:AIP) last posted its earnings results on Thursday, February 12th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $20.14 million for the quarter, compared to analyst estimates of $18.55 million. Equities analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AIP shares. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Arteris in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arteris in a report on Wednesday, January 21st. Wall Street Zen upgraded Arteris from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, Northland Securities set a $24.00 price target on Arteris in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Arteris currently has an average rating of “Hold” and an average target price of $20.17.

Institutional Investors Weigh In On Arteris

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Arteris during the second quarter worth $32,000. BNP Paribas Financial Markets grew 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 worth $61,000 after acquiring an additional 2,595 shares during the period. Strs Ohio acquired a new stake in Arteris during the 1st quarter worth about $104,000. Penn Capital Management Company LLC bought a new position in shares of Arteris in the 3rd quarter worth about $109,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Arteris in the 3rd quarter worth about $113,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.