Jacobs Levy Equity Management Inc. Acquires 67,414 Shares of Arteris, Inc. (NASDAQ:AIP)

Jacobs Levy Equity Management Inc. lifted its stake in shares of Arteris, Inc. (NASDAQ:AIP - Free Report) by 36.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 253,211 shares of the company's stock after purchasing an additional 67,414 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.63% of Arteris worth $1,955,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. US Bancorp DE acquired a new stake in shares of Arteris during the 3rd quarter worth approximately $34,000. The Manufacturers Life Insurance Company bought a new position in Arteris in the second quarter valued at approximately $86,000. Algert Global LLC acquired a new stake in Arteris during the 2nd quarter worth $115,000. MetLife Investment Management LLC raised its position in shares of Arteris by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company's stock valued at $131,000 after acquiring an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Arteris in the 3rd quarter valued at $226,000. 64.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 price objective on shares of Arteris in a research note on Wednesday, November 6th.

Insider Activity

In related news, COO Laurent R. Moll sold 30,860 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $6.95, for a total value of $214,477.00. Following the completion of the transaction, the chief operating officer now directly owns 501,120 shares in the company, valued at approximately $3,482,784. The trade was a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Isabelle F. Geday sold 15,550 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $9.03, for a total transaction of $140,416.50. Following the sale, the director now owns 121,213 shares in the company, valued at $1,094,553.39. This trade represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,321 shares of company stock valued at $801,119 in the last quarter. Company insiders own 33.70% of the company's stock.

Arteris Trading Up 1.4 %

NASDAQ:AIP traded up $0.12 during trading hours on Friday, hitting $8.99. The stock had a trading volume of 167,707 shares, compared to its average volume of 147,535. The business's 50 day moving average is $7.76 and its 200-day moving average is $7.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $361.22 million, a price-to-earnings ratio of -9.36 and a beta of 1.25. Arteris, Inc. has a one year low of $4.83 and a one year high of $9.54.

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.