Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 70,000 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 70,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $17.71, for a total transaction of $1,239,700.00. Following the completion of the transaction, the chief executive officer owned 9,469,071 shares in the company, valued at approximately $167,697,247.41. This trade represents a 0.73% decrease in their position. The sale 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 Friday, December 5th, K Charles Janac sold 60,000 shares of Arteris stock. The stock was 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 stock was 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.
• On Wednesday, October 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $13.07, for a total value of $653,500.00.
• On Monday, October 6th, K Charles Janac sold 100,000 shares of Arteris stock. The stock was sold at an average price of $13.10, for a total value of $1,310,000.00.
• On Monday, October 6th, K Charles Janac sold 5,755 shares of Arteris stock. The shares were sold at an average price of $14.00, for a total transaction of $80,570.00.
• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The stock was sold at an average price of $11.07, for a total transaction of $130,858.47.
• On Thursday, October 2nd, K Charles Janac sold 7,147 shares of Arteris stock. The stock was sold at an average price of $10.92, for a total transaction of $78,045.24.

Arteris Trading Up 5.6%

NASDAQ AIP traded up $1.01 during trading on Tuesday, reaching $19.19. The company’s stock had a trading volume of 1,112,895 shares, compared to its average volume of 590,407. The firm has a 50 day moving average price of $13.75 and a 200 day moving average price of $10.77. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $19.30. The firm has a market capitalization of $838.22 million, a price-to-earnings ratio of -23.12 and a beta of 1.48.

Arteris (NASDAQ:AIP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%.The business had revenue of $17.41 million for the quarter, compared to the consensus estimate of $17.00 million. On average, equities analysts forecast that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AIP has been the subject of several research analyst reports. Rosenblatt Securities boosted their target price on Arteris from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. Cowen reaffirmed a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group raised Arteris to a “hold” rating in a research note on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arteris has an average rating of “Moderate Buy” and an average price target of $17.50.

Institutional Trading of Arteris

A number of large investors have recently added to or reduced their stakes in AIP. Raymond James Financial Inc. purchased a new stake in Arteris during the second quarter valued at about $32,000. BNP Paribas Financial Markets raised its holdings in Arteris by 75.0% during the 3rd 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 Arteris during the 2nd quarter valued at $97,000. Kapitalo Investimentos Ltda purchased a new stake in Arteris in the 2nd quarter worth approximately $104,000. Finally, Strs Ohio purchased a new position in Arteris during the first quarter worth about $104,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

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.