EAM Investors LLC Purchases New Position in Arteris, Inc. (NASDAQ:AIP)

EAM Investors LLC purchased a new stake in Arteris, Inc. (NASDAQ:AIP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 96,436 shares of the company's stock, valued at approximately $983,000. EAM Investors LLC owned 0.24% of Arteris at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AIP. State Street Corp increased its position in Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company's stock valued at $3,170,000 after acquiring an additional 64,081 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Arteris by 67.1% in the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company's stock worth $712,000 after purchasing an additional 37,032 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company's stock worth $4,610,000 after purchasing an additional 36,908 shares in the last quarter. Barclays PLC raised its stake in shares of Arteris by 321.1% during the third quarter. Barclays PLC now owns 39,396 shares of the company's stock valued at $304,000 after purchasing an additional 30,041 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Arteris by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock valued at $802,000 after buying an additional 3,298 shares in the last quarter. Institutional investors own 64.36% of the company's stock.

Arteris Price Performance

AIP stock traded down $0.03 on Tuesday, hitting $5.82. 30,455 shares of the company's stock traded hands, compared to its average volume of 199,020. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. The stock has a market cap of $238.11 million, a price-to-earnings ratio of -6.61 and a beta of 1.31. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $12.64. The stock has a fifty day moving average of $7.62 and a 200-day moving average of $8.67.

Arteris (NASDAQ:AIP - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $15.34 million. On average, analysts forecast that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AIP shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price target on shares of Arteris in a research note on Tuesday, February 18th. Northland Securities increased their price target on Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th.

Insider Buying and Selling at Arteris

In other news, CFO Nicholas B. Hawkins sold 11,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $10.33, for a total value of $113,630.00. Following the completion of the sale, the chief financial officer now owns 154,308 shares in the company, valued at $1,594,001.64. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO K Charles Janac sold 50,000 shares of Arteris stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $10.33, for a total value of $516,500.00. Following the transaction, the chief executive officer now owns 9,907,691 shares in the company, valued at $102,346,448.03. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,927 shares of company stock valued at $918,829. 33.70% of the stock is currently owned by corporate insiders.

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.