Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 1,348 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total value of $10,608.76. Following the transaction, the chief executive officer now owns 294,722 shares of the company's stock, valued at $2,319,462.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
K Charles Janac also recently made the following trade(s):
- On Wednesday, July 3rd, K Charles Janac sold 9,168 shares of Arteris stock. The stock was sold at an average price of $7.23, for a total value of $66,284.64.
- On Monday, July 1st, K Charles Janac sold 4,583 shares of Arteris stock. The stock was sold at an average price of $7.24, for a total transaction of $33,180.92.
Arteris Price Performance
Shares of AIP opened at $7.28 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.17. The company's fifty day simple moving average is $7.87 and its 200 day simple moving average is $7.57. Arteris, Inc. has a 1-year low of $4.20 and a 1-year high of $9.54. The company has a market cap of $280.13 million, a price-to-earnings ratio of -7.07 and a beta of 1.12.
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Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. The firm had revenue of $14.58 million for the quarter, compared to analyst estimates of $13.68 million. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. On average, research analysts forecast that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently commented on AIP. Westpark Capital restated a "buy" rating and set a $11.00 target price on shares of Arteris in a report on Wednesday, July 31st. Jefferies Financial Group restated a "hold" rating and set a $9.00 price objective (down from $11.00) on shares of Arteris in a research note on Monday, May 13th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $15.00 price objective on shares of Arteris in a report on Monday, August 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Arteris currently has an average rating of "Moderate Buy" and a consensus price target of $13.20.
Check Out Our Latest Stock Report on Arteris
Hedge Funds Weigh In On Arteris
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Arteris by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company's stock valued at $8,390,000 after purchasing an additional 3,242 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Arteris by 6.1% during the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company's stock worth $861,000 after buying an additional 6,600 shares during the period. Victory Capital Management Inc. acquired a new position in Arteris in the 4th quarter valued at about $60,000. The Manufacturers Life Insurance Company bought a new position in Arteris in the 2nd quarter valued at about $86,000. Finally, Algert Global LLC bought a new position in Arteris in the 2nd quarter valued at about $115,000. Institutional investors and hedge funds own 64.36% of the company's stock.
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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