K Charles Janac Sells 32,988 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIPGet Free Report) CEO K Charles Janac sold 32,988 shares of Arteris stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $18.35, for a total value of $605,329.80. Following the completion of the transaction, the chief executive officer owned 9,189,071 shares in the company, valued at $168,619,452.85. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, March 25th, K Charles Janac sold 7,012 shares of Arteris stock. The shares were sold at an average price of $18.03, for a total value of $126,426.36.
  • On Tuesday, March 10th, K Charles Janac sold 9,000 shares of Arteris stock. The stock was sold at an average price of $14.66, for a total value of $131,940.00.
  • On Monday, March 9th, K Charles Janac sold 41,000 shares of Arteris stock. The stock was sold at an average price of $14.21, for a total value of $582,610.00.
  • On Tuesday, February 10th, K Charles Janac sold 2,756 shares of Arteris stock. The shares were sold at an average price of $15.03, for a total value of $41,422.68.
  • On Monday, February 9th, K Charles Janac sold 47,244 shares of Arteris stock. The stock was sold at an average price of $15.21, for a total transaction of $718,581.24.
  • On Thursday, January 15th, K Charles Janac sold 17,884 shares of Arteris stock. The stock was sold at an average price of $17.84, for a total transaction of $319,050.56.
  • On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The shares were sold at an average price of $17.79, for a total transaction of $37,643.64.
  • On Thursday, January 8th, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $16.58, for a total transaction 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 transaction of $188,350.50.
  • On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The stock was sold at an average price of $15.45, for a total transaction of $120,865.35.

Arteris Stock Performance

Shares of AIP opened at $16.51 on Monday. The company has a 50-day simple moving average of $15.60 and a 200-day simple moving average of $14.62. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $19.85. The firm has a market capitalization of $750.71 million, a P/E ratio of -20.13 and a beta of 1.45.

Arteris (NASDAQ:AIPGet Free Report) last released its earnings results on Thursday, February 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $20.14 million for the quarter, compared to analyst estimates of $18.55 million. As a group, equities analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on AIP shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a report on Wednesday, January 21st. Northland Securities set a $24.00 target price on Arteris in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Arteris from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Arteris in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arteris has an average rating of “Hold” and a consensus price target of $20.17.

View Our Latest Analysis on AIP

Institutional Investors Weigh In On Arteris

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its holdings in Arteris by 9.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company’s stock worth $15,602,000 after acquiring an additional 142,936 shares during the last quarter. Roubaix Capital LLC bought a new position in shares of Arteris in the third quarter worth about $2,361,000. Squarepoint Ops LLC lifted its position in shares of Arteris by 143.8% during the second quarter. Squarepoint Ops LLC now owns 120,957 shares of the company’s stock worth $1,153,000 after purchasing an additional 71,340 shares in the last quarter. Herald Investment Management Ltd lifted its position in shares of Arteris by 33.3% during the third quarter. Herald Investment Management Ltd now owns 400,000 shares of the company’s stock worth $4,036,000 after purchasing an additional 100,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Arteris during the second quarter valued at approximately $405,000. 64.36% of the stock is currently owned by institutional investors.

About Arteris

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Arteris (NASDAQ:AIP)

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