Arteris, Inc. (NASDAQ:AIP) CEO Sells $39,633.60 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 5,520 shares of Arteris stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $7.18, for a total transaction of $39,633.60. Following the sale, the chief executive officer now directly owns 287,247 shares in the company, valued at $2,062,433.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, September 5th, K Charles Janac sold 1,955 shares of Arteris stock. The shares were sold at an average price of $7.26, for a total transaction of $14,193.30.
• On Tuesday, September 3rd, K Charles Janac sold 1,348 shares of Arteris stock. The shares were sold at an average price of $7.87, for a total transaction of $10,608.76.

Arteris Stock Performance

AIP opened at $7.10 on Monday. The firm has a market capitalization of $273.20 million, a price-to-earnings ratio of -6.89 and a beta of 1.11. Arteris, Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $9.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day moving average price is $7.52 and its two-hundred day moving average price is $7.64.

Arteris (NASDAQ:AIP) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The firm had revenue of $14.58 million during the quarter, compared to analyst estimates of $13.68 million. Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. During the same quarter last year, the firm posted ($0.25) EPS. As a group, research analysts predict that Arteris, Inc. will post -0.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AIP. GSA Capital Partners LLP lifted its position in shares of Arteris by 26.9% in the 1st quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock worth $973,000 after purchasing an additional 28,165 shares during the period. Vanguard Group Inc. lifted its position in shares of Arteris by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after acquiring an additional 3,242 shares during the period. Acadian Asset Management LLC lifted its position in shares of Arteris by 28.1% during the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after acquiring an additional 117,312 shares during the period. Silvercrest Asset Management Group LLC lifted its position in shares of Arteris by 25.2% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after acquiring an additional 143,385 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Arteris during the 2nd quarter valued at $580,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AIP. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Arteris in a report on Monday, August 5th. Westpark Capital reissued a “buy” rating and set a $11.00 target price on shares of Arteris in a report on Wednesday, July 31st.

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.