K Charles Janac Sells 1,348 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,348 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total value of $10,608.76. Following the transaction, the chief executive officer now owns 294,722 shares of the company’s stock, valued at $2,319,462.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 value of $66,284.64.
• On Monday, July 1st, K Charles Janac sold 4,583 shares of Arteris stock. The stock was sold at an average price of $7.24, for a total transaction of $33,180.92.

Arteris Price Performance

Shares of AIP opened at $7.28 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $7.87 and its 200 day simple moving average is $7.57. Arteris, Inc. has a 1-year low of $4.20 and a 1-year high of $9.54. The company has a market cap of $280.13 million, a price-to-earnings ratio of -7.07 and a beta of 1.12.

Arteris (NASDAQ:AIP) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. The firm had revenue of $14.58 million for the quarter, compared to analyst estimates of $13.68 million. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. On average, research analysts forecast that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on AIP. Westpark Capital restated a “buy” rating and set a $11.00 target price on shares of Arteris in a report on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $9.00 price objective (down from $11.00) on shares of Arteris in a research note on Monday, May 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a report on Monday, August 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arteris currently has an average rating of “Moderate Buy” and a consensus price target of $13.20.

Hedge Funds Weigh In On Arteris

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Arteris by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after purchasing an additional 3,242 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Arteris by 6.1% during the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after buying an additional 6,600 shares during the period. Victory Capital Management Inc. acquired a new position in Arteris in the 4th quarter valued at about $60,000. The Manufacturers Life Insurance Company bought a new position in Arteris in the 2nd quarter valued at about $86,000. Finally, Algert Global LLC bought a new position in Arteris in the 2nd quarter valued at about $115,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

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.