Federated Hermes Inc. Raises Position in Arteris, Inc. (NASDAQ:AIP)

Federated Hermes Inc. increased its holdings in Arteris, Inc. (NASDAQ:AIP - Free Report) by 729.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,878 shares of the company's stock after acquiring an additional 145,878 shares during the quarter. Federated Hermes Inc. owned approximately 0.41% of Arteris worth $1,690,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE grew its stake in shares of 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 last quarter. R Squared Ltd acquired a new stake in shares of Arteris during the fourth quarter worth $64,000. SG Americas Securities LLC purchased a new position in Arteris in the 4th quarter valued at $134,000. Wells Fargo & Company MN increased its stake in Arteris by 38.9% in the 4th quarter. Wells Fargo & Company MN now owns 13,192 shares of the company's stock valued at $134,000 after buying an additional 3,694 shares during the period. Finally, EntryPoint Capital LLC raised its position in Arteris by 14.0% during the 4th quarter. EntryPoint Capital LLC now owns 19,814 shares of the company's stock worth $202,000 after buying an additional 2,430 shares during the last quarter. Hedge funds and other institutional investors own 64.36% of the company's stock.

Insider Buying and Selling

In related news, CFO Nicholas B. Hawkins sold 11,000 shares of Arteris stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $10.33, for a total transaction of $113,630.00. Following the completion of the transaction, the chief financial officer now directly owns 154,308 shares in the company, valued at $1,594,001.64. The trade was a 6.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO K Charles Janac sold 50,000 shares of the 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 sale, the chief executive officer now owns 9,907,691 shares in the company, valued at approximately $102,346,448.03. This trade 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 owned by insiders.

Analysts Set New Price Targets

AIP has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 target price on shares of Arteris in a report on Tuesday, February 18th. Northland Securities lifted their price objective on Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th.

Arteris Price Performance

Shares of AIP traded down $0.12 during trading hours on Friday, reaching $5.82. The company had a trading volume of 147,409 shares, compared to its average volume of 199,388. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 12-month low of $5.46 and a 12-month high of $12.64. The firm has a 50 day simple moving average of $7.70 and a 200-day simple moving average of $8.65. The company has a market capitalization of $238.32 million, a price-to-earnings ratio of -6.69 and a beta of 1.31.

Arteris (NASDAQ:AIP - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share 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 for the quarter, compared to analyst estimates of $15.34 million. Research analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current year.

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.