Arteris, Inc. (NASDAQ:AIP) CEO Sells $33,180.92 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 4,583 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $7.24, for a total value of $33,180.92. Following the sale, the chief executive officer now directly owns 310,758 shares of the company’s stock, valued at $2,249,887.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 Tuesday, June 4th, K Charles Janac sold 3,303 shares of Arteris stock. The shares were sold at an average price of $7.70, for a total transaction of $25,433.10.

Arteris Price Performance

Shares of AIP stock opened at $7.21 on Friday. The firm’s fifty day moving average price is $7.83 and its two-hundred day moving average price is $6.96. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.11. Arteris, Inc. has a 1 year low of $4.20 and a 1 year high of $9.54. The firm has a market capitalization of $277.44 million, a P/E ratio of -7.00 and a beta of 1.11.

Arteris (NASDAQ:AIP) last released its earnings results on Thursday, May 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.03. Arteris had a negative return on equity of 198.35% and a negative net margin of 69.70%. The business had revenue of $12.95 million for the quarter, compared to the consensus estimate of $12.60 million. On average, equities analysts predict that Arteris, Inc. will post -0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Arteris

Several large investors have recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC raised its position in Arteris by 25.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock worth $5,211,000 after acquiring an additional 143,385 shares in the last quarter. Acuitas Investments LLC increased its stake in shares of Arteris by 150.3% during the 4th quarter. Acuitas Investments LLC now owns 215,991 shares of the company’s stock worth $1,272,000 after purchasing an additional 129,692 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Arteris by 28.1% in the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after purchasing an additional 117,312 shares during the period. Roubaix Capital LLC lifted its stake in Arteris by 34.5% in the 4th quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock valued at $2,018,000 after purchasing an additional 87,920 shares during the last quarter. Finally, Worth Venture Partners LLC grew its holdings in Arteris by 114.3% during the fourth quarter. Worth Venture Partners LLC now owns 109,921 shares of the company’s stock worth $647,000 after purchasing an additional 58,620 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AIP. Jefferies Financial Group reissued a “hold” rating and issued a $9.00 price target (down previously from $11.00) on shares of Arteris in a research note on Monday, May 13th. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Arteris in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.40.

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.