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

Arteris, Inc. (NASDAQ:AIP) CEO K Janac sold 100,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $20.75, for a total transaction of $2,075,000.00. Following the completion of the sale, the chief executive officer owned 8,229,071 shares of the company’s stock, valued at $170,753,223.25. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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 value of $834,608.82.
• On Monday, August 3rd, K Janac sold 73,894 shares of Arteris stock. The stock was 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 shares were 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 transaction 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 transaction of $2,443,700.00.

Arteris Trading Down 0.8%

NASDAQ:AIP opened at $20.68 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50-day moving average of $30.22 and a 200-day moving average of $27.45. The company has a market cap of $1.02 billion, a PE ratio of -23.77 and a beta of 1.91. Arteris, Inc. has a one year low of $8.42 and a one year high of $50.26.

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

Institutional Investors Weigh In On Arteris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC grew its stake in Arteris by 2.6% in the 4th quarter. Needham Investment Management LLC now owns 3,411,500 shares of the company’s stock worth $52,878,000 after buying an additional 86,500 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Arteris during the 4th quarter valued at $1,914,000. Sei Investments Co. raised its position in shares of Arteris by 43.1% during the 1st quarter. Sei Investments Co. now owns 170,272 shares of the company’s stock valued at $2,799,000 after buying an additional 51,279 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Arteris during the 1st quarter worth $2,124,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Arteris in the second quarter worth $7,381,000. 64.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AIP shares. Rosenblatt Securities restated a “buy” rating and issued a $38.00 target price on shares of Arteris in a report on Friday, August 7th. TD Cowen increased 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. Oppenheimer assumed coverage on Arteris in a research note on Thursday, July 16th. They set an “outperform” rating and a $40.00 price objective on the stock. Weiss Ratings raised shares of Arteris from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. Finally, Northland Securities set a $38.00 target price on shares of Arteris in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Arteris has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.