K Charles Janac Sells 1,973 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 1,973 shares of Arteris stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $8.19, for a total value of $16,158.87. Following the sale, the chief executive officer now directly owns 325,267 shares of the company's stock, valued at approximately $2,663,936.73. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction 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 stock was sold at an average price of $12.34, for a total transaction of $104,050.88.
• On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The shares were sold at an average price of $11.41, for a total transaction of $71,380.96.
• On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The stock was sold at an average price of $10.33, for a total value of $601,329.96.
• On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The shares were sold at an average price of $10.42, for a total value of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The stock was sold at an average price of $10.01, for a total value of $141,941.80.
• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The shares were sold at an average price of $10.12, for a total value of $180,702.72.

Arteris Stock Up 0.4 %

Shares of AIP traded up $0.03 during mid-day trading on Tuesday, hitting $7.45. 69,181 shares of the company's stock were exchanged, compared to its average volume of 192,747. 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 52 week low of $5.76 and a 52 week high of $12.64. The company has a market cap of $304.90 million, a PE ratio of -8.52 and a beta of 1.21. The company has a 50-day simple moving average of $10.23 and a 200 day simple moving average of $8.83.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIP. Rosenblatt Securities reissued a "buy" rating and set a $15.00 price objective on shares of Arteris in a research report on Tuesday, February 18th. Northland Securities upped 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.

Institutional Trading of Arteris

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

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.