Arteris (NASDAQ:AIP) CEO Sells $1,310,000.00 in Stock

Key Points

• Arteris CEO K Charles Janac sold 100,000 shares of the company's stock for a total of $1,310,000, reducing his ownership to approximately 9.74 million shares.
• Following the sale, the company's stock saw a 4.2% increase in trading, reaching $13.49 with a market capitalization of $575.35 million.
• Wall Street analysts have varied opinions on Arteris, with the consensus rating being a "Moderate Buy" and an average target price of $15.00.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 100,000 shares of the company's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $13.10, for a total value of $1,310,000.00. Following the sale, the chief executive officer owned 9,739,071 shares in the company, valued at approximately $127,581,830.10. This trade represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

K Charles Janac also recently made the following trade(s):

• On Monday, October 6th, K Charles Janac sold 5,755 shares of Arteris stock. The stock was sold at an average price of $14.00, for a total value of $80,570.00.
• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The stock was sold at an average price of $11.07, for a total value of $130,858.47.
• On Thursday, October 2nd, K Charles Janac sold 7,147 shares of Arteris stock. The stock was sold at an average price of $10.92, for a total value of $78,045.24.
• On Thursday, September 4th, K Charles Janac sold 2,057 shares of Arteris stock. The stock was sold at an average price of $8.73, for a total value of $17,957.61.
• On Tuesday, September 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The stock was sold at an average price of $8.94, for a total value of $11,139.24.
• On Tuesday, August 5th, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $13.12, for a total value of $656,000.00.
• On Tuesday, August 5th, K Charles Janac sold 94,245 shares of Arteris stock. The shares were sold at an average price of $13.49, for a total value of $1,271,365.05.

Arteris Trading Up 4.2%

Shares of NASDAQ:AIP traded up $0.54 during trading on Wednesday, reaching $13.49. The stock had a trading volume of 816,598 shares, compared to its average volume of 570,721. Arteris, Inc. has a one year low of $5.46 and a one year high of $14.58. The company has a market capitalization of $575.35 million, a P/E ratio of -16.45 and a beta of 1.45. The firm's 50-day simple moving average is $9.78 and its 200 day simple moving average is $8.50.

Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.11). Arteris had a negative net margin of 52.41% and a negative return on equity of 8,546.17%. The business had revenue of $16.50 million for the quarter, compared to analysts' expectations of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AIP shares. Wall Street Zen raised Arteris from a "sell" rating to a "hold" rating in a research report on Monday, September 15th. TD Cowen raised their price objective on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Arteris presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Hedge Funds Weigh In On Arteris

Institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Arteris in the 1st quarter valued at about $95,000. Acadian Asset Management LLC lifted its holdings in shares of Arteris by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after buying an additional 260,277 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Arteris by 48.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 249,517 shares of the company's stock valued at $1,724,000 after buying an additional 81,516 shares during the period. Nuveen LLC acquired a new position in shares of Arteris in the 1st quarter valued at about $349,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Arteris in the 2nd quarter valued at about $203,000. Institutional investors and hedge funds own 64.36% of the company's stock.

About Arteris

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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