Arteris, Inc. (NASDAQ:AIP) CEO Sells $14,193.30 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,955 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $7.26, for a total value of $14,193.30. Following the completion of the transaction, the chief executive officer now directly owns 292,767 shares of the company’s stock, valued at approximately $2,125,488.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, September 3rd, K Charles Janac sold 1,348 shares of Arteris stock. The stock was sold at an average price of $7.87, for a total transaction of $10,608.76.
• 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 Monday, July 1st, K Charles Janac sold 4,583 shares of Arteris stock. The stock was sold at an average price of $7.24, for a total value of $33,180.92.

Arteris Trading Down 3.2 %

NASDAQ AIP traded down $0.23 on Friday, reaching $7.05. The company had a trading volume of 182,935 shares, compared to its average volume of 182,094. The firm has a market cap of $271.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. Arteris, Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $9.54. The business has a 50 day moving average of $7.86 and a two-hundred day moving average of $7.57.

Arteris (NASDAQ:AIP) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The company had revenue of $14.58 million during the quarter, compared to analyst estimates of $13.68 million. Arteris had a negative net margin of 68.37% and a negative return on equity of 274.66%. During the same period in the previous year, the company posted ($0.25) EPS. Analysts forecast that Arteris, Inc. will post -0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AIP. Westpark Capital reiterated a “buy” rating and issued a $11.00 price target on shares of Arteris in a research note on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Arteris in a research report on Monday, August 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a $9.00 price target (down from $11.00) on shares of Arteris in a report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Arteris by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock worth $8,390,000 after acquiring an additional 3,242 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Arteris by 25.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after buying an additional 143,385 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Arteris by 28.1% during the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after acquiring an additional 117,312 shares in the last quarter. Roubaix Capital LLC boosted its holdings in Arteris by 34.5% during the 4th quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock worth $2,018,000 after acquiring an additional 87,920 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Arteris by 26.9% in the 1st quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock worth $973,000 after acquiring an additional 28,165 shares in the last quarter. Institutional investors and hedge funds 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.