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

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,246 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $14.82, for a total value of $18,465.72. Following the completion of the transaction, the chief executive officer owned 160,513 shares in the company, valued at $2,378,802.66. The trade was a 0.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was 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 transaction of $1,310,000.00.
• On Monday, October 6th, K Charles Janac sold 5,755 shares of Arteris stock. The shares were sold at an average price of $14.00, for a total transaction of $80,570.00.
• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The stock was sold at an average price of $11.07, for a total transaction 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 value of $78,045.24.

Arteris Price Performance

AIP stock opened at $17.55 on Friday. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $17.66. The firm has a market capitalization of $766.58 million, a PE ratio of -21.14 and a beta of 1.49. The business has a 50 day simple moving average of $13.59 and a 200-day simple moving average of $10.65.

Arteris (NASDAQ:AIP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.09) EPS 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 the consensus estimate of $17.00 million. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%. On average, equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AIP. Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a report on Monday, September 15th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a report on Tuesday, October 28th. Rosenblatt Securities lifted their price target on shares of Arteris from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Cowen reiterated a “buy” rating on shares of Arteris in a research report on Wednesday, November 5th. Finally, TD Cowen raised their target price on Arteris from $15.00 to $16.50 and gave the stock 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. According to data from MarketBeat, Arteris currently has an average rating of “Moderate Buy” and an average price target of $17.50.

Institutional Trading of Arteris

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Arteris by 75.0% in the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock valued at $61,000 after buying an additional 2,595 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Arteris by 12.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company’s stock worth $242,000 after acquiring an additional 2,613 shares in the last quarter. Strs Ohio boosted its position in shares of Arteris by 16.5% during the 3rd quarter. Strs Ohio now owns 20,500 shares of the company’s stock worth $207,000 after acquiring an additional 2,900 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Arteris in the 2nd quarter valued at about $32,000. Finally, Franklin Resources Inc. raised its position in shares of Arteris by 0.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,641,385 shares of the company’s stock worth $16,578,000 after acquiring an additional 4,214 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

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.