Insider Selling: Arteris (NASDAQ:AIP) CEO Sells $126,426.36 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 7,012 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $18.03, for a total value of $126,426.36. Following the completion of the transaction, the chief executive officer directly owned 9,222,059 shares in the company, valued at approximately $166,273,723.77. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, March 26th, K Charles Janac sold 32,988 shares of Arteris stock. The stock was sold at an average price of $18.35, for a total value of $605,329.80.
• On Tuesday, March 10th, K Charles Janac sold 9,000 shares of Arteris stock. The stock was sold at an average price of $14.66, for a total value of $131,940.00.
• On Monday, March 9th, K Charles Janac sold 41,000 shares of Arteris stock. The stock was sold at an average price of $14.21, for a total value of $582,610.00.
• On Tuesday, February 10th, K Charles Janac sold 2,756 shares of Arteris stock. The shares were sold at an average price of $15.03, for a total transaction of $41,422.68.
• On Monday, February 9th, K Charles Janac sold 47,244 shares of Arteris stock. The stock was sold at an average price of $15.21, for a total transaction of $718,581.24.
• On Thursday, January 15th, K Charles Janac sold 17,884 shares of Arteris stock. The stock was sold at an average price of $17.84, for a total transaction of $319,050.56.
• On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The shares were 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 transaction of $829,000.00.
• On Tuesday, January 6th, K Charles Janac sold 11,145 shares of Arteris stock. The shares were sold at an average price of $16.90, for a total transaction of $188,350.50.
• On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The stock was sold at an average price of $15.45, for a total transaction of $120,865.35.

Arteris Stock Down 5.8%

Arteris stock opened at $16.51 on Friday. The firm has a fifty day simple moving average of $15.60 and a two-hundred day simple moving average of $14.53. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $19.85. The company has a market capitalization of $750.71 million, a PE ratio of -20.13 and a beta of 1.45.

Arteris (NASDAQ:AIP) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $20.14 million for the quarter, compared to the consensus estimate of $18.55 million. As a group, equities analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Institutional Trading of Arteris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIP. Raymond James Financial Inc. bought a new stake in Arteris in the second quarter valued at $32,000. 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 valued at $61,000 after purchasing an additional 2,595 shares during the period. Strs Ohio bought a new position in Arteris in the 1st quarter worth $104,000. Penn Capital Management Company LLC bought a new position in Arteris in the 3rd quarter worth $109,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Arteris in the 3rd quarter worth about $113,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Arteris from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Northland Securities set a $24.00 target price on shares of Arteris in a research note on Friday, February 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price target on shares of Arteris in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.17.

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.