K Charles Janac Sells 100,000 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Janac sold 100,000 shares of Arteris stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $20.75, for a total value of $2,075,000.00. Following the transaction, the chief executive officer directly owned 8,229,071 shares in the company, valued at approximately $170,753,223.25. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 4th, K Janac sold 26,106 shares of Arteris stock. The stock was sold at an average price of $31.97, for a total transaction of $834,608.82.
• On Monday, August 3rd, K Janac sold 73,894 shares of Arteris stock. The shares were sold at an average price of $30.00, for a total value of $2,216,820.00.
• On Monday, July 6th, K Janac sold 125,976 shares of Arteris stock. The stock was sold at an average price of $35.79, for a total value of $4,508,681.04.
• On Monday, July 6th, K Janac sold 10,679 shares of Arteris stock. The stock was sold at an average price of $35.90, for a total transaction of $383,376.10.
• On Thursday, July 2nd, K Janac sold 192,686 shares of Arteris stock. The shares were sold at an average price of $36.32, for a total transaction of $6,998,355.52.
• On Thursday, July 2nd, K Janac sold 10,902 shares of Arteris stock. The shares were sold at an average price of $38.78, for a total value of $422,779.56.
• On Monday, June 8th, K Janac sold 70,000 shares of Arteris stock. The shares were sold at an average price of $34.91, for a total value of $2,443,700.00.

Arteris Stock Up 3.3%

AIP stock opened at $21.37 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of -24.56 and a beta of 1.91. Arteris, Inc. has a 52 week low of $8.42 and a 52 week high of $50.26. The company’s 50-day moving average price is $29.78 and its 200 day moving average price is $27.41. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Arteris (NASDAQ:AIP) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Arteris had a negative return on equity of 295.96% and a negative net margin of 46.70%.The company had revenue of $24.13 million for the quarter, compared to analyst estimates of $23.48 million. On average, research analysts expect that Arteris, Inc. will post -0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arteris

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Arteris in the second quarter worth $32,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Arteris during the second quarter valued at $53,000. Versant Capital Management Inc boosted its stake in shares of Arteris by 33.7% during the second quarter. Versant Capital Management Inc now owns 1,150 shares of the company’s stock valued at $56,000 after acquiring an additional 290 shares during the last quarter. BNP Paribas Financial Markets increased its position in Arteris by 75.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after purchasing an additional 2,595 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Arteris by 366.7% during the 1st quarter. Royal Bank of Canada now owns 4,023 shares of the company’s stock worth $66,000 after purchasing an additional 3,161 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AIP shares. Northland Securities set a $38.00 price objective on Arteris in a report on Wednesday, May 13th. Oppenheimer assumed coverage on Arteris in a report on Thursday, July 16th. They issued an “outperform” rating and a $40.00 target price on the stock. TD Cowen raised their price target on Arteris from $22.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Jefferies Financial Group upgraded shares of Arteris from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $50.00 in a research report on Friday, August 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $38.00 target price on shares of Arteris in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Arteris presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Arteris Company Profile

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.