Arteris, Inc. (NASDAQ:AIP) CEO Sells $33,180.92 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 4,583 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $7.24, for a total value of $33,180.92. Following the transaction, the chief executive officer now owns 310,758 shares of the company’s stock, valued at $2,249,887.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, July 3rd, K Charles Janac sold 9,168 shares of Arteris stock. The stock was sold at an average price of $7.23, for a total transaction of $66,284.64.
• On Tuesday, June 4th, K Charles Janac sold 3,303 shares of Arteris stock. The stock was sold at an average price of $7.70, for a total value of $25,433.10.

Arteris Stock Performance

Shares of AIP stock remained flat at $7.21 on Wednesday. 111,247 shares of the company were exchanged, compared to its average volume of 192,153. The stock’s 50-day simple moving average is $7.81 and its two-hundred day simple moving average is $6.95. Arteris, Inc. has a 1 year low of $4.20 and a 1 year high of $9.54. The stock has a market capitalization of $277.43 million, a P/E ratio of -7.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.24 and a quick ratio of 1.24.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.03. The business had revenue of $12.95 million during the quarter, compared to analysts’ expectations of $12.60 million. Arteris had a negative net margin of 69.70% and a negative return on equity of 198.35%. Equities research analysts forecast that Arteris, Inc. will post -0.91 earnings per share for the current year.

Institutional Investors Weigh In On Arteris

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in shares of Arteris in the 4th quarter worth about $60,000. Algert Global LLC purchased a new stake in Arteris in the 3rd quarter worth about $142,000. Worth Venture Partners LLC lifted its stake in Arteris by 22.6% in the third quarter. Worth Venture Partners LLC now owns 51,301 shares of the company’s stock worth $334,000 after purchasing an additional 9,448 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Arteris during the third quarter valued at approximately $363,000. Finally, Federated Hermes Inc. boosted its position in shares of Arteris by 8.3% during the third quarter. Federated Hermes Inc. now owns 130,000 shares of the company’s stock valued at $846,000 after buying an additional 10,000 shares during the period. 64.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 target price (down from $11.00) on shares of Arteris in a research note on Monday, May 13th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Arteris in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.40.

Arteris Company Profile

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.