Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 1,955 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $7.26, for a total transaction of $14,193.30. Following the completion of the transaction, the chief executive officer now owns 292,767 shares of the company's stock, valued at $2,125,488.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
K Charles Janac also recently made the following trade(s):
- 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.
- On Wednesday, July 3rd, K Charles Janac sold 9,168 shares of Arteris stock. The shares were sold at an average price of $7.23, for a total transaction of $66,284.64.
- On Monday, July 1st, K Charles Janac sold 4,583 shares of Arteris stock. The shares were sold at an average price of $7.24, for a total value of $33,180.92.
Arteris Price Performance
Shares of AIP opened at $7.05 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $271.28 million, a PE ratio of -6.84 and a beta of 1.12. Arteris, Inc. has a twelve month low of $4.20 and a twelve month high of $9.54. The firm's 50 day moving average price is $7.86 and its 200 day moving average price is $7.57.
War on Elon Escalates…
From Porter & Company | Ad
Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adoption of this technology for decades.
By doing so he has put himself in the crosshairs of an ideological war with the global elites.
And yet, while this new technology threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Click here to learn how you can benefit from its widespread distribution.
Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The business 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 period in the previous year, the firm posted ($0.25) EPS. As a group, research analysts expect that Arteris, Inc. will post -0.9 EPS for the current fiscal year.
Institutional Investors Weigh In On Arteris
Several institutional investors and hedge funds have recently added to or reduced their stakes in AIP. Victory Capital Management Inc. acquired a new stake in shares of Arteris in the fourth quarter valued at about $60,000. The Manufacturers Life Insurance Company acquired a new stake in Arteris during the second quarter worth $86,000. Algert Global LLC bought a new stake in Arteris in the 2nd quarter valued at $115,000. Rhumbline Advisers raised its stake in shares of Arteris by 2,182.8% in the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company's stock valued at $239,000 after buying an additional 30,428 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Arteris during the 2nd quarter worth about $554,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on AIP shares. Jefferies Financial Group reiterated a "hold" rating and issued a $9.00 target price (down previously from $11.00) on shares of Arteris in a report on Monday, May 13th. Westpark Capital reissued a "buy" rating and set a $11.00 target price on shares of Arteris in a research note on Wednesday, July 31st. Finally, Rosenblatt Securities restated a "buy" rating and set a $15.00 price target on shares of Arteris in a report on Monday, August 5th.
Check Out Our Latest Research Report on Arteris
About Arteris
(
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.
Further Reading
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. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
