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

by · The Markets Daily

Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 17,884 shares of Arteris stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $17.84, for a total transaction of $319,050.56. Following the completion of the sale, the chief executive officer directly owned 9,399,071 shares of the company’s stock, valued at approximately $167,679,426.64. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 value of $829,000.00.
  • On Tuesday, January 6th, K Charles Janac sold 11,145 shares of Arteris stock. The stock was sold at an average price of $16.90, for a total value of $188,350.50.
  • On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The shares were 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 stock was 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 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 shares were sold at an average price of $16.46, for a total transaction 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 transaction 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 transaction of $18,465.72.

Arteris Price Performance

Shares of NASDAQ AIP traded down $0.83 during mid-day trading on Tuesday, reaching $16.74. 894,478 shares of the company’s stock traded hands, compared to its average volume of 484,096. The business has a 50-day simple moving average of $15.79 and a 200 day simple moving average of $12.53. The stock has a market cap of $731.27 million, a P/E ratio of -20.17 and a beta of 1.48. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $19.85.

Arteris (NASDAQ:AIP – Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $17.00 million. Equities research analysts anticipate that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arteris

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in Arteris by 75.0% in the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after acquiring an additional 2,595 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Arteris by 12.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company’s stock worth $242,000 after purchasing an additional 2,613 shares during the last quarter. Strs Ohio raised its holdings in shares of Arteris by 16.5% in the 3rd quarter. Strs Ohio now owns 20,500 shares of the company’s stock worth $207,000 after purchasing an additional 2,900 shares during the period. Raymond James Financial Inc. purchased a new position in Arteris in the second quarter valued at approximately $32,000. Finally, Franklin Resources Inc. grew its holdings in Arteris by 0.3% during the third quarter. Franklin Resources Inc. now owns 1,641,385 shares of the company’s stock valued at $16,578,000 after purchasing an additional 4,214 shares during the period. Institutional investors own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on AIP

About Arteris

(Get Free Report)

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.

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