Arrowstreet Capital Limited Partnership Makes New $1.27 Million Investment in Arteris, Inc. (NASDAQ:AIP)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Arteris, Inc. (NASDAQ:AIP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 124,826 shares of the company's stock, valued at approximately $1,272,000. Arrowstreet Capital Limited Partnership owned approximately 0.31% of Arteris as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AIP. US Bancorp DE grew its stake in Arteris by 29.0% in the 4th quarter. US Bancorp DE now owns 5,702 shares of the company's stock valued at $58,000 after purchasing an additional 1,283 shares during the period. American Century Companies Inc. raised its holdings in Arteris by 6.0% during the 4th quarter. American Century Companies Inc. now owns 30,357 shares of the company's stock valued at $309,000 after acquiring an additional 1,731 shares during the period. EntryPoint Capital LLC raised its stake in shares of Arteris by 14.0% during the 4th quarter. EntryPoint Capital LLC now owns 19,814 shares of the company's stock valued at $202,000 after purchasing an additional 2,430 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arteris by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock worth $802,000 after buying an additional 3,298 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Arteris during the 4th quarter worth $64,000. 64.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AIP. Northland Securities upped their price objective on shares of Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 price target on shares of Arteris in a report on Tuesday, February 18th.

Insider Transactions at Arteris

In other Arteris news, CEO K Charles Janac sold 7,150 shares of Arteris stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total transaction of $50,908.00. Following the completion of the transaction, the chief executive officer now owns 318,117 shares in the company, valued at approximately $2,264,993.04. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nicholas B. Hawkins sold 4,949 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $6.03, for a total value of $29,842.47. Following the transaction, the chief financial officer now owns 176,596 shares of the company's stock, valued at $1,064,873.88. The trade was a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,927 shares of company stock valued at $918,829. Corporate insiders own 33.70% of the company's stock.

Arteris Trading Down 2.1 %

Shares of AIP traded down $0.13 during mid-day trading on Thursday, hitting $5.82. 22,567 shares of the company's stock traded hands, compared to its average volume of 198,050. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $238.11 million, a P/E ratio of -6.71 and a beta of 1.31. The business's 50-day moving average price is $7.85 and its 200-day moving average price is $8.68. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $12.64.

Arteris (NASDAQ:AIP - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. The company had revenue of $15.49 million during the quarter, compared to analysts' expectations of $15.34 million. As a group, sell-side analysts forecast that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

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.