Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 32,988 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 32,988 shares of Arteris stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $18.35, for a total value of $605,329.80. Following the transaction, the chief executive officer owned 9,189,071 shares of the company’s stock, valued at $168,619,452.85. The trade was a 0.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, March 25th, K Charles Janac sold 7,012 shares of Arteris stock. The shares were sold at an average price of $18.03, for a total value of $126,426.36.
• On Tuesday, March 10th, K Charles Janac sold 9,000 shares of Arteris stock. The shares were sold at an average price of $14.66, for a total transaction of $131,940.00.
• On Monday, March 9th, K Charles Janac sold 41,000 shares of Arteris stock. The shares were sold at an average price of $14.21, for a total transaction of $582,610.00.
• On Tuesday, February 10th, K Charles Janac sold 2,756 shares of Arteris stock. The stock was 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 shares were 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 stock was 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 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 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.

Arteris Trading Down 5.8%

NASDAQ:AIP opened at $16.51 on Friday. The stock has a 50 day simple moving average of $15.60 and a 200 day simple moving average of $14.53. The stock has a market cap of $750.71 million, a P/E ratio of -20.13 and a beta of 1.45. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $19.85.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $20.14 million during the quarter, compared to analyst estimates of $18.55 million. As a group, sell-side analysts forecast that Arteris, Inc. will post -0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

AIP has been the topic of several research reports. Wall Street Zen upgraded shares of Arteris from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, January 21st. Northland Securities set a $24.00 price objective on shares of Arteris in a report on Friday, February 13th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Arteris in a research report on Friday, February 13th. Two equities research 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.17.

Institutional Trading of Arteris

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC bought a new position in shares of Arteris in the first quarter worth $1,621,000. Strs Ohio acquired a new position in Arteris in the first quarter valued at about $104,000. Geode Capital Management LLC lifted its position in Arteris by 4.8% during the second quarter. Geode Capital Management LLC now owns 652,754 shares of the company’s stock worth $6,222,000 after purchasing an additional 30,018 shares during the period. Franklin Resources Inc. lifted its position in Arteris by 9.6% during the second quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company’s stock worth $15,602,000 after purchasing an additional 142,936 shares during the period. Finally, Rhumbline Advisers grew its stake in Arteris by 35.8% during the second quarter. Rhumbline Advisers now owns 54,416 shares of the company’s stock worth $519,000 after buying an additional 14,350 shares in the last quarter. 64.36% of the stock is currently owned by 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.