K Charles Janac Sells 2,116 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 2,116 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $17.79, for a total value of $37,643.64. Following the completion of the transaction, the chief executive officer directly owned 9,416,955 shares of the company’s stock, valued at $167,527,629.45. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $16.58, for a total value of $829,000.00.
• On Tuesday, January 6th, K Charles Janac sold 11,145 shares of Arteris stock. The stock was sold at an average price of $16.90, for a total value of $188,350.50.
• On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The shares were sold at an average price of $15.45, for a total value of $120,865.35.
• On Monday, December 8th, K Charles Janac sold 70,000 shares of Arteris stock. The shares were sold at an average price of $17.71, for a total value of $1,239,700.00.
• On Friday, December 5th, K Charles Janac sold 60,000 shares of Arteris stock. The stock was sold at an average price of $17.08, for a total transaction of $1,024,800.00.
• On Thursday, December 4th, K Charles Janac sold 40,000 shares of Arteris stock. The shares were sold at an average price of $16.46, for a total transaction of $658,400.00.
• On Wednesday, December 3rd, K Charles Janac sold 2,058 shares of Arteris stock. The stock was sold at an average price of $15.52, for a total transaction of $31,940.16.
• On Tuesday, December 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The stock was sold at an average price of $14.82, for a total transaction of $18,465.72.

Arteris Price Performance

Shares of NASDAQ:AIP opened at $17.57 on Friday. The firm has a fifty day moving average price of $15.74 and a two-hundred day moving average price of $12.42. The company has a market cap of $767.46 million, a price-to-earnings ratio of -21.17 and a beta of 1.48. Arteris, Inc. has a one year low of $5.46 and a one year high of $19.85.

Arteris (NASDAQ:AIP) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. The firm had revenue of $17.41 million during the quarter, compared to the consensus estimate of $17.00 million. Equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AIP shares. Cowen reiterated a “buy” rating on shares of Arteris in a research report on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a research report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Arteris in a research note on Monday, December 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. Finally, TD Cowen lifted their price objective on shares of Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.50.

Institutional Investors Weigh In On Arteris

A number of hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in shares of Arteris by 0.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,641,385 shares of the company’s stock valued at $16,578,000 after purchasing an additional 4,214 shares during the last quarter. Vanguard Group Inc. lifted its stake in Arteris by 8.2% in the third quarter. Vanguard Group Inc. now owns 1,594,402 shares of the company’s stock worth $16,103,000 after purchasing an additional 120,947 shares during the last quarter. Westerly Capital Management LLC boosted its position in Arteris by 109.6% during the third quarter. Westerly Capital Management LLC now owns 1,425,000 shares of the company’s stock valued at $14,392,000 after buying an additional 745,000 shares during the period. Acadian Asset Management LLC grew its stake in shares of Arteris by 9.6% during the second quarter. Acadian Asset Management LLC now owns 987,011 shares of the company’s stock valued at $9,403,000 after buying an additional 86,288 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Arteris by 4.8% in the second quarter. Geode Capital Management LLC now owns 652,754 shares of the company’s stock worth $6,222,000 after buying an additional 30,018 shares during the period. 64.36% of the stock is currently owned by institutional investors.

About Arteris

Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.

Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.