K Charles Janac Sells 1,348 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,348 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total value of $10,608.76. Following the completion of the transaction, the chief executive officer now directly owns 294,722 shares of the company’s stock, valued at $2,319,462.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, September 5th, K Charles Janac sold 1,955 shares of Arteris stock. The shares were sold at an average price of $7.26, for a total value of $14,193.30.
• On Wednesday, July 3rd, K Charles Janac sold 9,168 shares of Arteris stock. The stock was sold at an average price of $7.23, for a total value of $66,284.64.
• On Monday, July 1st, K Charles Janac sold 4,583 shares of Arteris stock. The stock was sold at an average price of $7.24, for a total transaction of $33,180.92.

Arteris Price Performance

AIP stock opened at $7.05 on Friday. The firm has a 50 day simple moving average of $7.86 and a two-hundred day simple moving average of $7.57. The stock has a market cap of $271.28 million, a PE ratio of -6.84 and a beta of 1.12. Arteris, Inc. has a one year low of $4.20 and a one year high of $9.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14.

Arteris (NASDAQ:AIP) last released its earnings results on Thursday, August 1st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The firm had revenue of $14.58 million during the quarter, compared to the consensus estimate of $13.68 million. Arteris had a negative net margin of 68.37% and a negative return on equity of 274.66%. During the same period in the prior year, the company earned ($0.25) EPS. On average, analysts predict that Arteris, Inc. will post -0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. bought a new position in shares of Arteris during the fourth quarter valued at about $60,000. The Manufacturers Life Insurance Company bought a new position in Arteris during the 2nd quarter valued at approximately $86,000. Algert Global LLC purchased a new stake in Arteris in the 2nd quarter worth approximately $115,000. Rhumbline Advisers grew its position in shares of Arteris by 2,182.8% in the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock worth $239,000 after buying an additional 30,428 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Arteris during the second quarter valued at approximately $554,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AIP has been the subject of several analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Arteris in a report on Monday, August 5th. Westpark Capital reissued a “buy” rating and set a $11.00 price objective on shares of Arteris in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group restated a “hold” rating and set a $9.00 target price (down from $11.00) on shares of Arteris in a research report on Monday, May 13th.

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.