Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 1,973 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $8.19, for a total transaction of $16,158.87. Following the sale, the chief executive officer now owns 325,267 shares in the company, valued at approximately $2,663,936.73. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
K Charles Janac also recently made the following trade(s):
- On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The shares were sold at an average price of $8.38, for a total value of $11,145.40.
- On Monday, February 3rd, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $10.33, for a total value of $516,500.00.
- On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was sold at an average price of $12.34, for a total transaction of $104,050.88.
- On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The stock was sold at an average price of $11.41, for a total transaction of $71,380.96.
- On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The shares were sold at an average price of $10.33, for a total transaction of $601,329.96.
- On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The stock was sold at an average price of $10.42, for a total transaction of $631,285.28.
- On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The stock was sold at an average price of $10.01, for a total value of $141,941.80.
- On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The stock was sold at an average price of $10.12, for a total value of $180,702.72.
Arteris Stock Performance
NASDAQ AIP opened at $7.89 on Friday. The stock has a market capitalization of $323.08 million, a price-to-earnings ratio of -9.07 and a beta of 1.21. The business's 50 day moving average is $10.29 and its two-hundred day moving average is $8.82. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30.
Arteris (NASDAQ:AIP - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.08). The business had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. Research analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on AIP. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 target price on shares of Arteris in a report on Tuesday, February 18th. Northland Securities increased their target price on shares of Arteris from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th.
Check Out Our Latest Report on Arteris
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Needham Investment Management LLC raised its holdings in shares of Arteris by 14.7% in the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company's stock worth $21,114,000 after acquiring an additional 350,000 shares during the last quarter. G2 Investment Partners Management LLC acquired a new stake in shares of Arteris during the 4th quarter worth $2,799,000. Federated Hermes Inc. raised its position in shares of Arteris by 729.4% in the 4th quarter. Federated Hermes Inc. now owns 165,878 shares of the company's stock worth $1,690,000 after buying an additional 145,878 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Arteris during the fourth quarter valued at about $1,272,000. Finally, EAM Investors LLC acquired a new stake in Arteris during the fourth quarter worth about $983,000. 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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