Arteris, Inc. (NASDAQ:AIP) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its holdings in Arteris, Inc. (NASDAQ:AIP) by 33.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,001 shares of the company’s stock after selling 85,210 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.42% of Arteris worth $1,712,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Arteris by 29.0% during the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after purchasing an additional 1,283 shares during the period. American Century Companies Inc. lifted its holdings in shares of Arteris by 6.0% during the fourth quarter. American Century Companies Inc. now owns 30,357 shares of the company’s stock worth $309,000 after purchasing an additional 1,731 shares during the period. EntryPoint Capital LLC lifted its holdings in shares of Arteris by 14.0% during the fourth quarter. EntryPoint Capital LLC now owns 19,814 shares of the company’s stock worth $202,000 after purchasing an additional 2,430 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arteris by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company’s stock worth $802,000 after purchasing an additional 3,298 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Arteris by 38.9% during the fourth quarter. Wells Fargo & Company MN now owns 13,192 shares of the company’s stock worth $134,000 after purchasing an additional 3,694 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

Arteris Stock Down 1.4%

Shares of AIP stock opened at $7.50 on Friday. The stock has a 50 day moving average of $6.90 and a 200 day moving average of $8.62. 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 $310.97 million, a P/E ratio of -8.62 and a beta of 1.31. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $12.64.

Arteris (NASDAQ:AIP) last announced its quarterly 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). The company had revenue of $15.49 million for the quarter, compared to analysts’ expectations of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. As a group, sell-side analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.

Insider Activity

In other news, CFO Nicholas B. Hawkins sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $7.54, for a total value of $82,940.00. Following the completion of the sale, the chief financial officer now directly owns 165,596 shares in the company, valued at $1,248,593.84. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Laurent R. Moll sold 4,703 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $33,485.36. Following the completion of the sale, the chief operating officer now owns 482,833 shares of the company’s stock, valued at $3,437,770.96. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,927 shares of company stock worth $371,639 over the last three months. 29.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AIP. Northland Securities lifted their target price on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Arteris in a research report on Tuesday, February 18th.

Arteris 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.