Arteris (NASDAQ:AIP) CEO Sells $131,940.00 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 9,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $14.66, for a total value of $131,940.00. Following the completion of the transaction, the chief executive officer directly owned 9,229,071 shares in the company, valued at $135,298,180.86. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, March 9th, K Charles Janac sold 41,000 shares of Arteris stock. The stock was 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 shares were 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 shares were sold at an average price of $17.84, for a total transaction 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 transaction 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 transaction of $829,000.00.
• On Tuesday, January 6th, K Charles Janac sold 11,145 shares of Arteris stock. The shares were sold at an average price of $16.90, for a total transaction of $188,350.50.
• On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The stock was sold at an average price of $15.45, for a total transaction of $120,865.35.

Arteris Stock Down 0.3%

Shares of NASDAQ AIP opened at $14.63 on Friday. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $19.85. The stock has a market cap of $665.23 million, a price-to-earnings ratio of -17.84 and a beta of 1.45. The company’s fifty day moving average is $15.80 and its 200-day moving average is $14.05.

Arteris (NASDAQ:AIP) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $20.14 million during the quarter, compared to the consensus estimate of $18.55 million. On average, research analysts anticipate that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Arteris

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Arteris during the second quarter worth about $32,000. BNP Paribas Financial Markets boosted its position in Arteris by 75.0% during the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock valued at $61,000 after purchasing an additional 2,595 shares during the last quarter. New York State Common Retirement Fund grew its stake in Arteris by 352.4% in the fourth quarter. New York State Common Retirement Fund now owns 9,500 shares of the company’s stock valued at $147,000 after purchasing an additional 7,400 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Arteris during the 2nd quarter worth approximately $97,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Arteris during the 4th quarter worth approximately $162,000. Institutional investors own 64.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Northland Securities set a $24.00 price target on Arteris in a research report on Friday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Arteris in a research report on Friday, February 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.17.

Arteris Company Profile

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.