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 the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $8.19, for a total transaction of $16,158.87. Following the transaction, the chief executive officer now directly owns 325,267 shares in the company, valued at $2,663,936.73. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction 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 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 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 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 shares were 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 shares were sold at an average price of $10.12, for a total transaction of $180,702.72.

Arteris Price Performance

Shares of AIP traded up $0.01 during midday trading on Friday, hitting $7.89. 206,807 shares of the company traded hands, compared to its average volume of 306,116. The stock has a 50-day moving average of $10.34 and a 200-day moving average of $8.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. Arteris, Inc. has a one year low of $5.76 and a one year high of $12.64. The firm has a market cap of $323.08 million, a P/E ratio of -9.07 and a beta of 1.21.

Arteris (NASDAQ:AIP) last posted its earnings results 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 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, sell-side analysts predict that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Arteris

A number of institutional investors and hedge funds have recently made changes to their positions in AIP. US Bancorp DE purchased a new position in Arteris during the third quarter worth about $34,000. Quarry LP bought a new stake in shares of Arteris during the 4th quarter valued at about $46,000. R Squared Ltd purchased a new position in shares of Arteris during the fourth quarter worth about $64,000. D. E. Shaw & Co. Inc. bought a new position in shares of Arteris in the fourth quarter worth approximately $110,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Arteris in the fourth quarter valued at approximately $117,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AIP shares. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Arteris in a research report on Tuesday, February 18th. Northland Securities lifted their price objective on shares of Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.

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.