Proficio Capital Partners LLC acquired a new stake in shares of Arteris, Inc. (NASDAQ:AIP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 44,123 shares of the company's stock, valued at approximately $450,000. Proficio Capital Partners LLC owned approximately 0.11% of Arteris as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. US Bancorp DE grew its holdings in Arteris by 29.0% during the 4th quarter. US Bancorp DE now owns 5,702 shares of the company's stock worth $58,000 after acquiring an additional 1,283 shares during the last quarter. R Squared Ltd bought a new stake in shares of Arteris in the fourth quarter worth $64,000. SG Americas Securities LLC bought a new stake in shares of Arteris in the fourth quarter worth $134,000. MetLife Investment Management LLC raised its position in Arteris by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company's stock worth $131,000 after purchasing an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Arteris during the 3rd quarter worth $226,000. Institutional investors and hedge funds own 64.36% of the company's stock.
Insider Activity
In other Arteris news, VP Paul L. Alpern sold 2,471 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $11.41, for a total value of $28,194.11. Following the transaction, the vice president now owns 64,930 shares in the company, valued at approximately $740,851.30. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO K Charles Janac sold 58,212 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $10.33, for a total value of $601,329.96. Following the completion of the sale, the chief executive officer now directly owns 10,020,588 shares of the company's stock, valued at $103,512,674.04. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,936 shares of company stock worth $2,145,897 in the last quarter. 33.70% of the stock is owned by corporate insiders.
Arteris Trading Down 2.5 %
Arteris stock traded down $0.19 during trading hours on Thursday, reaching $7.54. 65,628 shares of the company's stock were exchanged, compared to its average volume of 192,235. The firm's 50 day simple moving average is $9.31 and its 200 day simple moving average is $8.80. Arteris, Inc. has a twelve month low of $5.76 and a twelve month high of $12.64. 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 $308.75 million, a PE ratio of -8.67 and a beta of 1.21.
Arteris (NASDAQ:AIP - Get Free Report) last released 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 business had revenue of $15.49 million for the quarter, compared to analyst estimates of $15.34 million. Research analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.
Analyst Ratings Changes
AIP has been the subject of several recent research reports. 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. Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Arteris in a research report on Tuesday, February 18th.
Read Our Latest Analysis on Arteris
Arteris Profile
(
Free Report)
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.
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