Key Points
- CEO K. Charles Janac sold 70,000 shares on April 8 at an average price of $19.04 for $1,332,800 under a pre-arranged Rule 10b5-1 plan, leaving him with 9,119,071 shares (a 0.76% ownership decrease, valued at ~$173.6M).
- Janac has been an active seller this year, disposing of a total of 250,809 shares across multiple transactions since January, representing ongoing insider sales over recent months.
- Arteris recently beat quarterly EPS and revenue estimates (EPS -$0.05 vs. -$0.08; revenue $20.14M vs. $18.55M), trades near its 52-week high with a market cap of ~$889M, and carries a consensus analyst rating of "Hold" with an average target of $20.17.
Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 70,000 shares of the firm's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $19.04, for a total transaction of $1,332,800.00. Following the transaction, the chief executive officer owned 9,119,071 shares of the company's stock, valued at $173,627,111.84. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
K Charles Janac also recently made the following trade(s):
- On Thursday, April 2nd, K Charles Janac sold 9,009 shares of Arteris stock. The shares were sold at an average price of $17.65, for a total transaction of $159,008.85.
- On Monday, April 6th, K Charles Janac sold 11,800 shares of Arteris stock. The shares were sold at an average price of $18.34, for a total transaction of $216,412.00.
- On Thursday, March 26th, K Charles Janac sold 32,988 shares of Arteris stock. The stock was sold at an average price of $18.35, for a total transaction of $605,329.80.
- 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 shares were 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 shares were 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 value 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 value 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 value of $37,643.64.
Arteris Trading Up 2.8%
Arteris stock opened at $19.56 on Friday. The stock has a fifty day moving average price of $15.85 and a 200 day moving average price of $15.07. Arteris, Inc. has a 52 week low of $5.64 and a 52 week high of $19.85. The firm has a market capitalization of $889.39 million, a P/E ratio of -23.85 and a beta of 1.43.
Arteris (NASDAQ:AIP - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The business had revenue of $20.14 million during the quarter, compared to analyst estimates of $18.55 million. As a group, equities analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.
Hedge Funds Weigh In On Arteris
A number of institutional investors have recently made changes to their positions in AIP. Raymond James Financial Inc. acquired a new stake in Arteris in the second quarter valued at $32,000. BNP Paribas Financial Markets grew its position in shares of Arteris by 75.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company's stock worth $61,000 after acquiring an additional 2,595 shares in the last quarter. Strs Ohio bought a new position in Arteris during the first quarter worth $104,000. Penn Capital Management Company LLC bought a new stake in Arteris during the third quarter valued at $109,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Arteris in the 3rd quarter valued at about $113,000. 64.36% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
AIP has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Arteris in a research note on Wednesday, January 21st. Northland Securities set a $24.00 price target on shares of Arteris in a research report on Friday, February 13th. Wall Street Zen upgraded Arteris from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $20.00 target price 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 given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.17.
View Our Latest Stock Analysis on Arteris
Arteris Company Profile
(
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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