Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 1,973 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,973 shares of Arteris stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $8.19, for a total transaction of $16,158.87. Following the completion of the transaction, the chief executive officer now directly owns 325,267 shares of the company’s stock, valued at $2,663,936.73. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The stock was sold at an average price of $8.38, for a total value of $11,145.40.
• 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 transaction 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 transaction 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 transaction of $601,329.96.
• On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The shares were sold at an average price of $10.42, for a total transaction 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 transaction 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 0.1 %

Arteris stock opened at $7.89 on Friday. Arteris, Inc. has a one year low of $5.76 and a one year high of $12.64. The stock has a market cap of $323.08 million, a PE ratio of -9.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50-day moving average of $10.29 and a two-hundred day moving average of $8.82.

Arteris (NASDAQ:AIP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. The company had revenue of $15.49 million for the quarter, compared to analysts’ expectations of $15.34 million. On average, research analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Trading of Arteris

Several large investors have recently made changes to their positions in AIP. US Bancorp DE purchased a new stake in shares of Arteris in the third quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of Arteris during the fourth quarter valued at approximately $46,000. R Squared Ltd purchased a new position in shares of Arteris in the fourth quarter valued at approximately $64,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Arteris during the fourth quarter worth approximately $110,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Arteris during the 4th quarter worth approximately $117,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIP has been the topic of several research analyst reports. Northland Securities boosted their price target on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Arteris in a report on Tuesday, February 18th.

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.