Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 7,150 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 7,150 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total transaction of $50,908.00. Following the sale, the chief executive officer now directly owns 318,117 shares of the company’s stock, valued at approximately $2,264,993.04. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, March 5th, K Charles Janac sold 1,973 shares of Arteris stock. The shares were sold at an average price of $8.19, for a total transaction of $16,158.87.
• On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The shares were 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 stock was 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 stock was sold at an average price of $12.34, for a total value of $104,050.88.

Arteris Trading Down 9.2 %

NASDAQ AIP opened at $5.99 on Friday. The company has a market cap of $245.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.21. Arteris, Inc. has a twelve month low of $5.76 and a twelve month high of $12.64. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $8.70 and its 200 day moving average is $8.78.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The firm had revenue of $15.49 million for the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. As a group, sell-side analysts expect that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Arteris

A number of institutional investors have recently added to or reduced their stakes in AIP. Needham Investment Management LLC raised its stake in shares of Arteris by 0.4% during the fourth quarter. Needham Investment Management LLC now owns 2,745,000 shares of the company’s stock valued at $27,972,000 after acquiring an additional 10,000 shares during the last quarter. Franklin Resources Inc. increased its holdings in Arteris by 0.8% in the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after purchasing an additional 12,375 shares during the period. Samjo Management LLC raised its position in Arteris by 0.9% during the 4th quarter. Samjo Management LLC now owns 1,157,250 shares of the company’s stock worth $11,792,000 after purchasing an additional 10,000 shares during the last quarter. Geode Capital Management LLC raised its position in Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after purchasing an additional 36,908 shares during the last quarter. Finally, State Street Corp lifted its holdings in Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after buying an additional 64,081 shares during the period. 64.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Northland Securities boosted their target price on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Arteris in a research 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.