Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 17,884 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 17,884 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $17.84, for a total transaction of $319,050.56. Following the transaction, the chief executive officer directly owned 9,399,071 shares in the company, valued at approximately $167,679,426.64. The trade was a 0.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The stock was 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 value of $120,865.35.
• On Monday, December 8th, K Charles Janac sold 70,000 shares of Arteris stock. The shares were sold at an average price of $17.71, for a total value of $1,239,700.00.
• On Friday, December 5th, K Charles Janac sold 60,000 shares of Arteris stock. The shares were sold at an average price of $17.08, for a total value of $1,024,800.00.
• On Thursday, December 4th, K Charles Janac sold 40,000 shares of Arteris stock. The stock was sold at an average price of $16.46, for a total value of $658,400.00.
• On Wednesday, December 3rd, K Charles Janac sold 2,058 shares of Arteris stock. The shares were sold at an average price of $15.52, for a total value of $31,940.16.
• On Tuesday, December 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The shares were sold at an average price of $14.82, for a total value of $18,465.72.

Arteris Trading Down 4.7%

Shares of Arteris stock opened at $16.74 on Wednesday. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $19.85. The stock has a market cap of $731.20 million, a PE ratio of -20.17 and a beta of 1.48. The company’s 50-day moving average price is $15.82 and its two-hundred day moving average price is $12.58.

Arteris (NASDAQ:AIP) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $17.41 million for the quarter, compared to the consensus estimate of $17.00 million. On average, equities analysts predict that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Arteris in a report on Monday, December 15th. TD Cowen upped their price objective on shares of Arteris from $15.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a report on Tuesday, October 28th. Cowen restated a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Arteris has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Hedge Funds Weigh In On Arteris

Several large investors have recently made changes to their positions in AIP. Raymond James Financial Inc. acquired a new stake in Arteris in the 2nd quarter valued at approximately $32,000. BNP Paribas Financial Markets boosted its position in shares of Arteris by 75.0% in the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock valued at $61,000 after acquiring an additional 2,595 shares during the period. Savant Capital LLC bought a new stake in shares of Arteris in the second quarter valued at approximately $97,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Arteris in the second quarter worth $104,000. Finally, Strs Ohio bought a new position in Arteris during the first quarter worth $104,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

About Arteris

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.