K Charles Janac Sells 70,000 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 70,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $17.71, for a total value of $1,239,700.00. Following the transaction, the chief executive officer owned 9,469,071 shares of the company’s stock, valued at $167,697,247.41. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, December 5th, K Charles Janac sold 60,000 shares of Arteris stock. The shares were 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 value of $658,400.00.
• On Wednesday, December 3rd, K Charles Janac sold 2,058 shares of Arteris stock. The shares were sold at an average price of $15.52, for a total value 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.
• On Wednesday, October 8th, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $13.07, for a total value of $653,500.00.
• On Monday, October 6th, K Charles Janac sold 100,000 shares of Arteris stock. The shares were sold at an average price of $13.10, for a total transaction of $1,310,000.00.
• On Monday, October 6th, K Charles Janac sold 5,755 shares of Arteris stock. The stock was sold at an average price of $14.00, for a total transaction of $80,570.00.
• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The shares were sold at an average price of $11.07, for a total value of $130,858.47.
• On Thursday, October 2nd, K Charles Janac sold 7,147 shares of Arteris stock. The stock was sold at an average price of $10.92, for a total transaction of $78,045.24.

Arteris Trading Up 5.6%

Shares of NASDAQ:AIP traded up $1.01 during trading on Tuesday, hitting $19.19. 1,112,895 shares of the company’s stock traded hands, compared to its average volume of 590,407. The company has a market cap of $838.22 million, a price-to-earnings ratio of -23.12 and a beta of 1.48. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $19.30. The company has a 50-day moving average price of $13.75 and a 200-day moving average price of $10.77.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The company had revenue of $17.41 million during the quarter, compared to the consensus estimate of $17.00 million. Arteris had a negative net margin of 52.25% and a negative return on equity of 8,546.17%. On average, analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arteris

Several hedge funds have recently bought and sold shares of the company. Penn Capital Management Company LLC bought a new position in Arteris during the third quarter worth about $109,000. Worth Venture Partners LLC lifted its position in shares of Arteris by 24.2% in the third quarter. Worth Venture Partners LLC now owns 58,731 shares of the company’s stock valued at $593,000 after buying an additional 11,446 shares during the last quarter. Westerly Capital Management LLC boosted its stake in shares of Arteris by 109.6% during the 3rd quarter. Westerly Capital Management LLC now owns 1,425,000 shares of the company’s stock worth $14,392,000 after acquiring an additional 745,000 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Arteris during the 3rd quarter worth approximately $113,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Arteris by 12.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company’s stock worth $242,000 after acquiring an additional 2,613 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Jefferies Financial Group raised shares of Arteris to a “hold” rating in a research note on Tuesday, October 28th. TD Cowen boosted their price objective on shares of Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.50.

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.