Corton Capital Inc. Buys 7,430 Shares of Arteris, Inc. (NASDAQ:AIP)

Corton Capital Inc. increased its stake in shares of Arteris, Inc. (NASDAQ:AIP) by 45.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,778 shares of the company’s stock after purchasing an additional 7,430 shares during the quarter. Corton Capital Inc.’s holdings in Arteris were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. 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 acquiring an additional 30,041 shares during the last quarter. Franklin Resources Inc. increased its holdings in Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after purchasing an additional 12,375 shares during the period. JPMorgan Chase & Co. raised its position in Arteris by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock valued at $712,000 after purchasing an additional 37,032 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Arteris in the 4th quarter worth approximately $134,000. Finally, R Squared Ltd bought a new stake in shares of Arteris in the 4th quarter worth approximately $64,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Laurent R. Moll sold 4,703 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $33,485.36. Following the transaction, the chief operating officer now owns 482,833 shares in the company, valued at $3,437,770.96. The trade was a 0.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Nicholas B. Hawkins sold 3,888 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total transaction of $27,682.56. Following the sale, the chief financial officer now owns 181,545 shares of the company’s stock, valued at approximately $1,292,600.40. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,927 shares of company stock worth $288,699. 33.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AIP. 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 lifted their target price 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.

Arteris Trading Up 8.0 %

NASDAQ AIP opened at $7.20 on Thursday. The firm has a market capitalization of $298.66 million, a PE ratio of -8.28 and a beta of 1.31. The stock’s 50 day moving average is $6.94 and its 200 day moving average is $8.59. Arteris, Inc. has a twelve month low of $5.46 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.

Arteris (NASDAQ:AIP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The business had revenue of $15.49 million for the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. Research analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current fiscal 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.