Key Points
- CEO K Charles Janac sold 7,012 shares on March 25 at $18.03 for $126,426, part of a string of insider sales since Jan. 2 totaling roughly $3.7 million.
- After the March 25 sale Janac still directly owns 9,222,059 shares, valued at about $166.3 million, with the single transaction reducing his position by only 0.08%.
- Arteris trades with a market cap near $750.7 million, a 52‑week range of $5.46–$19.85, and a consensus analyst target of $20.17 amid mixed ratings (two Buys, one Hold, one Sell).
Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 7,012 shares of the firm's stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $18.03, for a total transaction of $126,426.36. Following the sale, the chief executive officer directly owned 9,222,059 shares in the company, valued at approximately $166,273,723.77. The trade was a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
K Charles Janac also recently made the following trade(s):
- On Thursday, March 26th, K Charles Janac sold 32,988 shares of Arteris stock. The shares were sold at an average price of $18.35, for a total transaction of $605,329.80.
- 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 transaction 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 transaction 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 transaction of $41,422.68.
- On Monday, February 9th, K Charles Janac sold 47,244 shares of Arteris stock. The shares were 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 shares were sold at an average price of $17.84, for a total value of $319,050.56.
- On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The stock was sold at an average price of $17.79, for a total value of $37,643.64.
- On Thursday, January 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $16.58, for a total value of $829,000.00.
- On Tuesday, January 6th, K Charles Janac sold 11,145 shares of Arteris stock. The shares were sold at an average price of $16.90, for a total value of $188,350.50.
- On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The shares were sold at an average price of $15.45, for a total value of $120,865.35.
Arteris Stock Performance
AIP stock opened at $16.51 on Friday. The company has a market cap of $750.71 million, a price-to-earnings ratio of -20.13 and a beta of 1.45. The business's 50-day moving average is $15.60 and its two-hundred day moving average is $14.58. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $19.85.
Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The firm had revenue of $20.14 million for the quarter, compared to the consensus estimate of $18.55 million. Equities analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Wall Street Zen raised shares of Arteris from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of Arteris in a research note on Friday, February 13th. Northland Securities set a $24.00 price objective on shares of Arteris in a research report on Friday, February 13th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Arteris in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Arteris presently has an average rating of "Hold" and a consensus target price of $20.17.
Get Our Latest Analysis on AIP
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Arteris in the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets lifted its holdings in Arteris by 75.0% during the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company's stock valued at $61,000 after purchasing an additional 2,595 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Arteris by 352.4% in the fourth quarter. New York State Common Retirement Fund now owns 9,500 shares of the company's stock worth $147,000 after purchasing an additional 7,400 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Arteris in the fourth quarter worth approximately $162,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Arteris in the third quarter worth $109,000. 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
