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

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 7,150 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total transaction of $50,908.00. Following the sale, the chief executive officer now directly owns 318,117 shares of the company's stock, valued at approximately $2,264,993.04. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $8.19, for a total value of $16,158.87.
• On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The shares were 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 transaction of $516,500.00.
• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The shares were sold at an average price of $12.34, for a total value of $104,050.88.

Arteris Stock Performance

Arteris stock traded up $0.29 during trading hours on Wednesday, hitting $5.88. The company had a trading volume of 45,555 shares, compared to its average volume of 253,211. The firm has a market cap of $240.77 million, a PE ratio of -6.76 and a beta of 1.31. The firm has a 50-day moving average of $8.40 and a 200 day moving average of $8.76. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.17. Arteris, Inc. has a one year low of $5.46 and a one year high of $12.64.

Arteris (NASDAQ:AIP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $15.49 million for the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. On average, sell-side analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on AIP shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 price objective on shares of Arteris in a research note on Tuesday, February 18th. Northland Securities raised their price target on Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th.

Institutional Trading of Arteris

Several large investors have recently modified their holdings of the stock. Needham Investment Management LLC increased its holdings in Arteris by 0.4% in the 4th quarter. Needham Investment Management LLC now owns 2,745,000 shares of the company's stock valued at $27,972,000 after buying an additional 10,000 shares during the period. Franklin Resources Inc. raised its position in Arteris by 0.8% during the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company's stock valued at $11,201,000 after purchasing an additional 12,375 shares in the last quarter. Samjo Management LLC lifted its stake in Arteris by 0.9% during the fourth quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock worth $11,792,000 after purchasing an additional 10,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company's stock valued at $4,610,000 after purchasing an additional 36,908 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company's stock worth $3,170,000 after buying an additional 64,081 shares during the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.

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.