CloudAlpha Capital Management Limited Hong Kong Takes Position in Arteris, Inc. (NASDAQ:AIP)

CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Arteris, Inc. (NASDAQ:AIP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 73,710 shares of the company’s stock, valued at approximately $554,000. Arteris accounts for approximately 0.0% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 20th biggest holding. CloudAlpha Capital Management Limited Hong Kong owned 0.19% of Arteris as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Arteris by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after acquiring an additional 3,242 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Arteris by 6.1% during the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after purchasing an additional 6,600 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Arteris during the fourth quarter worth $60,000. GSA Capital Partners LLP lifted its position in Arteris by 26.9% during the first quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock valued at $973,000 after purchasing an additional 28,165 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Arteris by 2,182.8% in the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after purchasing an additional 30,428 shares during the last quarter. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Arteris Stock Performance

NASDAQ:AIP opened at $7.26 on Wednesday. The company has a market cap of $279.36 million, a P/E ratio of -7.05 and a beta of 1.12. Arteris, Inc. has a twelve month low of $4.20 and a twelve month high of $9.54. The company’s 50-day moving average price is $7.82 and its 200-day moving average price is $7.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.17.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. The company had revenue of $14.58 million during the quarter, compared to analyst estimates of $13.68 million. During the same quarter in the prior year, the company posted ($0.25) earnings per share. On average, sell-side analysts forecast that Arteris, Inc. will post -0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIP. Westpark Capital reissued a “buy” rating and issued a $11.00 price objective on shares of Arteris in a report on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research report on Monday, August 5th.

Insider Transactions at Arteris

In related news, CEO K Charles Janac sold 9,168 shares of Arteris stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $7.23, for a total value of $66,284.64. Following the completion of the transaction, the chief executive officer now owns 296,070 shares in the company, valued at $2,140,586.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Laurent R. Moll sold 37,561 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $7.49, for a total value of $281,331.89. Following the completion of the sale, the chief operating officer now directly owns 544,468 shares of the company’s stock, valued at $4,078,065.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO K Charles Janac sold 9,168 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $7.23, for a total value of $66,284.64. Following the transaction, the chief executive officer now directly owns 296,070 shares in the company, valued at approximately $2,140,586.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,753 shares of company stock valued at $1,049,619. 33.70% of the stock is currently owned by corporate insiders.

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.