Arteris, Inc. (NASDAQ:AIP) CEO Sells $39,633.60 in Stock

by · The Cerbat Gem

Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 5,520 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $7.18, for a total transaction of $39,633.60. Following the sale, the chief executive officer now owns 287,247 shares of the company’s stock, valued at approximately $2,062,433.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Thursday, September 5th, K Charles Janac sold 1,955 shares of Arteris stock. The stock was sold at an average price of $7.26, for a total transaction of $14,193.30.
  • On Tuesday, September 3rd, K Charles Janac sold 1,348 shares of Arteris stock. The stock was sold at an average price of $7.87, for a total transaction of $10,608.76.

Arteris Price Performance

Shares of NASDAQ:AIP opened at $7.10 on Monday. The firm has a 50 day moving average of $7.52 and a 200-day moving average of $7.64. The stock has a market capitalization of $273.20 million, a PE ratio of -6.89 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.17. Arteris, Inc. has a 12 month low of $4.20 and a 12 month high of $9.54.

Arteris (NASDAQ:AIP – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The firm had revenue of $14.58 million during the quarter, compared to analyst estimates of $13.68 million. Arteris had a negative net margin of 68.37% and a negative return on equity of 274.66%. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. On average, equities research analysts predict that Arteris, Inc. will post -0.9 EPS for the current fiscal year.

Analyst Ratings Changes

AIP has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research note on Monday, August 5th. Westpark Capital reiterated a “buy” rating and issued a $11.00 price objective on shares of Arteris in a research note on Wednesday, July 31st.

Check Out Our Latest Research Report on AIP

Hedge Funds Weigh In On Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in AIP. Silvercrest Asset Management Group LLC raised its position in shares of Arteris by 25.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after buying an additional 143,385 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Arteris by 28.1% in the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after buying an additional 117,312 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Arteris during the 2nd quarter valued at approximately $580,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Arteris during the 2nd quarter valued at approximately $554,000. Finally, Rhumbline Advisers grew its holdings in shares of Arteris by 2,182.8% during the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after purchasing an additional 30,428 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Arteris Company Profile

(Get Free Report)

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.

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