K Charles Janac Sells 70,000 Shares of Arteris (NASDAQ:AIP) Stock

Key Points

• CEO K Charles Janac sold 70,000 shares of Arteris on April 8 at an average price of $19.04 for $1,332,800, trimming his stake by 0.76% to 9,119,071 shares; the transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
• The April 8 sale continues a string of insider dispositions since mid‑January—about 250,809 shares sold in total across multiple transactions—signaling sustained insider selling activity.
• Arteris (AIP) traded up ~2.8% to $19.56 (near its 52‑week high of $19.85), has a market cap of roughly $889M and a negative PE, and carries an average analyst rating of "Hold" with a mean target price of $20.17.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 70,000 shares of Arteris stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $19.04, for a total transaction of $1,332,800.00. Following the sale, the chief executive officer directly owned 9,119,071 shares in the company, valued at $173,627,111.84. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 2nd, K Charles Janac sold 9,009 shares of Arteris stock. The shares were sold at an average price of $17.65, for a total transaction of $159,008.85.
• On Monday, April 6th, K Charles Janac sold 11,800 shares of Arteris stock. The shares were sold at an average price of $18.34, for a total transaction of $216,412.00.
• On Thursday, March 26th, K Charles Janac sold 32,988 shares of Arteris stock. The shares were sold at an average price of $18.35, for a total transaction of $605,329.80.
• On Wednesday, March 25th, K Charles Janac sold 7,012 shares of Arteris stock. The stock was sold at an average price of $18.03, for a total transaction of $126,426.36.
• On Tuesday, March 10th, K Charles Janac sold 9,000 shares of Arteris stock. The stock was sold at an average price of $14.66, for a total transaction of $131,940.00.
• On Monday, March 9th, K Charles Janac sold 41,000 shares of Arteris stock. The stock was sold at an average price of $14.21, for a total transaction of $582,610.00.
• On Tuesday, February 10th, K Charles Janac sold 2,756 shares of Arteris stock. The stock was sold at an average price of $15.03, for a total transaction of $41,422.68.
• On Monday, February 9th, K Charles Janac sold 47,244 shares of Arteris stock. The stock was sold at an average price of $15.21, for a total transaction of $718,581.24.
• On Thursday, January 15th, K Charles Janac sold 17,884 shares of Arteris stock. The stock was sold at an average price of $17.84, for a total transaction of $319,050.56.
• On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The stock was sold at an average price of $17.79, for a total transaction of $37,643.64.

Arteris Trading Up 2.8%

AIP traded up $0.53 during trading on Thursday, reaching $19.56. 490,322 shares of the company's stock were exchanged, compared to its average volume of 475,683. Arteris, Inc. has a one year low of $5.64 and a one year high of $19.85. The stock has a market capitalization of $889.39 million, a PE ratio of -23.85 and a beta of 1.43. The firm has a fifty day moving average price of $15.77 and a two-hundred day moving average price of $15.04.

Arteris (NASDAQ:AIP - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The business had revenue of $20.14 million for the quarter, compared to the consensus estimate of $18.55 million. Sell-side analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AIP. AQR Capital Management LLC acquired a new position in shares of Arteris in the 1st quarter worth approximately $1,621,000. Strs Ohio acquired a new position in shares of Arteris in the 1st quarter worth approximately $104,000. Geode Capital Management LLC lifted its position in shares of Arteris by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 652,754 shares of the company's stock worth $6,222,000 after purchasing an additional 30,018 shares during the period. Rhumbline Advisers lifted its position in shares of Arteris by 35.8% during the 2nd quarter. Rhumbline Advisers now owns 54,416 shares of the company's stock valued at $519,000 after acquiring an additional 14,350 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Arteris by 8.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 320,332 shares of the company's stock valued at $3,053,000 after acquiring an additional 25,448 shares during the period. Institutional investors and hedge funds own 64.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AIP. Weiss Ratings reissued a "sell (d-)" rating on shares of Arteris in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Arteris from a "hold" rating to a "buy" rating in a research report on Saturday, March 21st. Northland Securities set a $24.00 price target on shares of Arteris in a research report on Friday, February 13th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $20.00 price target on shares of Arteris in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.17.

About Arteris

Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company's core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.

Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.

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