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

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 17,884 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $17.84, for a total transaction of $319,050.56. Following the sale, the chief executive officer owned 9,399,071 shares in the company, valued at approximately $167,679,426.64. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $17.79, for a total value of $37,643.64.
• On Thursday, January 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was 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 shares were 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 stock was 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 shares were 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 transaction of $1,024,800.00.
• On Thursday, December 4th, K Charles Janac sold 40,000 shares of Arteris stock. The stock was 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 shares were 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 Trading Up 0.7%

AIP opened at $16.86 on Thursday. The business’s 50 day moving average is $15.86 and its 200-day moving average is $12.61. The stock has a market cap of $736.44 million, a PE ratio of -20.31 and a beta of 1.48. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $19.85.

Arteris (NASDAQ:AIP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The company had revenue of $17.41 million during the quarter, compared to analyst estimates of $17.00 million. As a group, analysts forecast that Arteris, Inc. will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on AIP. TD Cowen reissued a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Arteris in a report on Wednesday, October 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Arteris in a research report on Monday, December 15th. Three 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.50.

Hedge Funds Weigh In On Arteris

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of Arteris in the first quarter valued at $1,621,000. Strs Ohio purchased a new stake in Arteris in the 1st quarter worth about $104,000. Kapitalo Investimentos Ltda purchased a new stake in Arteris in the 2nd quarter worth about $104,000. Public Employees Retirement System of Ohio acquired a new stake in Arteris during the 2nd quarter worth about $203,000. Finally, Acuitas Investments LLC purchased a new position in Arteris during the 2nd quarter valued at about $858,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

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.