Insider Selling: Arteris (NASDAQ:AIP) CEO Sells 7,147 Shares of Stock

Key Points

• Arteris CEO K Charles Janac sold 7,147 shares of stock on October 2nd at an average price of $10.92, resulting in a total sale value of $78,045.24.
• The stock price of Arteris (NASDAQ:AIP) traded at $13.58 recently, with a market cap of approximately $579.19 million.
• Several institutional investors increased their stakes in Arteris, with Acadian Asset Management increasing its stake by 40.6%, showcasing growing interest in the stock.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 7,147 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $10.92, for a total value of $78,045.24. Following the completion of the sale, the chief executive officer owned 179,335 shares in the company, valued at approximately $1,958,338.20. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The shares were sold at an average price of $11.07, for a total value of $130,858.47.
• On Thursday, September 4th, K Charles Janac sold 2,057 shares of Arteris stock. The shares were 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 shares were 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 Stock Performance

Shares of AIP stock traded up $2.60 during mid-day trading on Monday, hitting $13.58. 4,397,458 shares of the stock traded hands, compared to its average volume of 565,523. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $14.58. The firm has a market cap of $579.19 million, a price-to-earnings ratio of -16.56 and a beta of 1.45. The company's 50-day simple moving average is $9.65 and its 200-day simple moving average is $8.43.

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

Hedge Funds Weigh In On Arteris

Several institutional investors have recently bought and sold shares of AIP. Acadian Asset Management LLC increased its stake in shares of Arteris by 40.6% in the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after purchasing an additional 260,277 shares during the period. AQR Capital Management LLC bought a new position in shares of Arteris in the first quarter worth about $1,621,000. Federated Hermes Inc. increased its stake in shares of Arteris by 97.2% in the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after purchasing an additional 161,241 shares during the period. Franklin Resources Inc. increased its stake in shares of Arteris by 9.6% in the second quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company's stock worth $15,602,000 after purchasing an additional 142,936 shares during the period. Finally, Next Century Growth Investors LLC increased its stake in shares of Arteris by 46.4% in the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock worth $2,817,000 after purchasing an additional 129,143 shares during the period. 64.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AIP shares. Wall Street Zen raised Arteris from a "sell" rating to a "hold" rating in a research note 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 note on Wednesday, August 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a research note on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Arteris Company Profile

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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