Acuitas Investments LLC Raises Position in Arteris, Inc. (NASDAQ:AIP)

Acuitas Investments LLC boosted its stake in Arteris, Inc. (NASDAQ:AIP) by 150.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 215,991 shares of the company’s stock after buying an additional 129,692 shares during the quarter. Acuitas Investments LLC’s holdings in Arteris were worth $1,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ibex Investors LLC acquired a new stake in Arteris in the 3rd quarter valued at about $99,000. Barclays PLC acquired a new stake in Arteris in the 3rd quarter valued at about $120,000. Algert Global LLC acquired a new stake in Arteris in the 3rd quarter valued at about $142,000. Worth Venture Partners LLC raised its holdings in Arteris by 22.6% in the 3rd quarter. Worth Venture Partners LLC now owns 51,301 shares of the company’s stock valued at $334,000 after acquiring an additional 9,448 shares during the last quarter. Finally, Citigroup Inc. purchased a new stake in shares of Arteris during the 3rd quarter valued at approximately $363,000. 64.36% of the stock is owned by hedge funds and other institutional investors.

Arteris Stock Up 1.2 %

NASDAQ AIP traded up $0.08 on Friday, reaching $6.84. The stock had a trading volume of 29,411 shares, compared to its average volume of 140,659. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.09. Arteris, Inc. has a 12-month low of $3.66 and a 12-month high of $8.08. The stock has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $6.16.

Arteris (NASDAQ:AIP) last announced its earnings results on Tuesday, February 20th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Arteris had a negative net margin of 68.70% and a negative return on equity of 150.71%. The firm had revenue of $12.50 million during the quarter, compared to analysts’ expectations of $11.90 million. On average, equities research analysts predict that Arteris, Inc. will post -0.9 earnings per share for the current year.

Insider Transactions at Arteris

In other news, VP Paul L. Alpern sold 11,250 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.13, for a total transaction of $68,962.50. Following the sale, the vice president now owns 87,521 shares of the company’s stock, valued at $536,503.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO K Charles Janac sold 10,103 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $7.03, for a total transaction of $71,024.09. Following the completion of the transaction, the chief executive officer now owns 318,644 shares in the company, valued at $2,240,067.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Paul L. Alpern sold 11,250 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.13, for a total transaction of $68,962.50. Following the transaction, the vice president now owns 87,521 shares of the company’s stock, valued at approximately $536,503.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,264 shares of company stock valued at $558,958. 36.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed an “outperform” rating and set a $17.00 price target on shares of Arteris in a research report on Tuesday, February 20th.

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.