K Charles Janac Sells 1,330 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,330 shares of Arteris stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.38, for a total value of $11,145.40. Following the completion of the sale, the chief executive officer now directly owns 327,240 shares in the company, valued at approximately $2,742,271.20. This represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, February 3rd, K Charles Janac sold 50,000 shares of Arteris stock. The shares were 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 shares were 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 stock was sold at an average price of $10.12, for a total value of $180,702.72.

Arteris Trading Up 2.6 %

Shares of NASDAQ:AIP opened at $8.41 on Thursday. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64. The stock has a market cap of $344.37 million, a PE ratio of -9.67 and a beta of 1.18. The business has a 50 day moving average of $10.39 and a 200-day 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.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $15.49 million for the quarter, compared to the consensus estimate of $15.34 million. As a group, equities research analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AIP. Northland Securities boosted their price target on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price target on shares of Arteris in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Arteris

Several institutional investors have recently made changes to their positions in the stock. PVG Asset Management Corp bought a new stake in shares of Arteris in the fourth quarter valued at approximately $151,000. PharVision Advisers LLC bought a new stake in shares of Arteris in the fourth quarter valued at approximately $173,000. Squarepoint Ops LLC bought a new stake in shares of Arteris in the fourth quarter valued at approximately $160,000. Two Sigma Advisers LP boosted its stake in shares of Arteris by 82.9% in the fourth quarter. Two Sigma Advisers LP now owns 23,600 shares of the company’s stock valued at $240,000 after buying an additional 10,700 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Arteris by 166.0% in the fourth quarter. Two Sigma Investments LP now owns 60,533 shares of the company’s stock valued at $617,000 after buying an additional 37,772 shares during the period. 64.36% of the stock is currently owned by institutional investors.

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.