K Charles Janac Sells 4,583 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIPGet Free Report) CEO K Charles Janac sold 4,583 shares of Arteris stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $7.24, for a total value of $33,180.92. Following the transaction, the chief executive officer now directly owns 310,758 shares in the company, valued at approximately $2,249,887.92. 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 Wednesday, July 3rd, K Charles Janac sold 9,168 shares of Arteris stock. The stock was sold at an average price of $7.23, for a total transaction of $66,284.64.
  • On Tuesday, June 4th, K Charles Janac sold 3,303 shares of Arteris stock. The stock was sold at an average price of $7.70, for a total transaction of $25,433.10.

Arteris Stock Performance

Shares of AIP opened at $7.21 on Friday. The firm has a market cap of $277.44 million, a price-to-earnings ratio of -7.00 and a beta of 1.11. The company’s fifty day moving average is $7.83 and its 200-day moving average is $6.96. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.11. Arteris, Inc. has a 12 month low of $4.20 and a 12 month high of $9.54.

Arteris (NASDAQ:AIPGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.03. Arteris had a negative net margin of 69.70% and a negative return on equity of 198.35%. The firm had revenue of $12.95 million during the quarter, compared to analysts’ expectations of $12.60 million. Equities analysts expect that Arteris, Inc. will post -0.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.00 price target (down from $11.00) on shares of Arteris in a research note on Monday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Arteris in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Arteris has an average rating of “Moderate Buy” and a consensus target price of $13.40.

Get Our Latest Stock Analysis on AIP

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Acuitas Investments LLC boosted its position in Arteris by 150.3% during the fourth quarter. Acuitas Investments LLC now owns 215,991 shares of the company’s stock worth $1,272,000 after purchasing an additional 129,692 shares during the period. Worth Venture Partners LLC lifted its stake in shares of Arteris by 114.3% in the fourth quarter. Worth Venture Partners LLC now owns 109,921 shares of the company’s stock worth $647,000 after buying an additional 58,620 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Arteris during the 3rd quarter worth $363,000. Federated Hermes Inc. grew its stake in Arteris by 8.3% in the 3rd quarter. Federated Hermes Inc. now owns 130,000 shares of the company’s stock valued at $846,000 after buying an additional 10,000 shares during the last quarter. Finally, Algert Global LLC bought a new position in Arteris in the 3rd quarter worth $142,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Arteris Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Arteris (NASDAQ:AIP)

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