K Charles Janac Sells 7,150 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 7,150 shares of Arteris stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total transaction of $50,908.00. Following the transaction, the chief executive officer now directly owns 318,117 shares of the company’s stock, valued at $2,264,993.04. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, March 5th, K Charles Janac sold 1,973 shares of Arteris stock. The stock was sold at an average price of $8.19, for a total transaction of $16,158.87.
• On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The stock was sold at an average price of $8.38, for a total value of $11,145.40.
• On Monday, February 3rd, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $10.33, for a total value of $516,500.00.
• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was sold at an average price of $12.34, for a total value of $104,050.88.

Arteris Trading Down 9.2 %

AIP stock opened at $5.99 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a twelve month low of $5.76 and a twelve month high of $12.64. The company has a market cap of $245.28 million, a P/E ratio of -6.88 and a beta of 1.31. The business has a fifty day moving average of $8.70 and a 200-day moving average of $8.79.

Arteris (NASDAQ:AIP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. The firm had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. As a group, equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Investors Weigh In On Arteris

Institutional investors and hedge funds have recently modified their holdings of the business. G2 Investment Partners Management LLC acquired a new stake in Arteris during the 4th quarter worth $2,799,000. Federated Hermes Inc. boosted its holdings in Arteris by 729.4% during the fourth quarter. Federated Hermes Inc. now owns 165,878 shares of the company’s stock worth $1,690,000 after buying an additional 145,878 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Arteris during the 4th quarter worth about $1,272,000. EAM Investors LLC acquired a new position in Arteris during the fourth quarter valued at approximately $983,000. Finally, Millennium Management LLC grew its holdings in shares of Arteris by 56.5% in the 4th quarter. Millennium Management LLC now owns 238,309 shares of the company’s stock valued at $2,428,000 after buying an additional 85,996 shares during the period. 64.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AIP. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Arteris in a report on Tuesday, February 18th. Northland Securities boosted their target price on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th.

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.