Arteris, Inc. (NASDAQ:AIP) Shares Purchased by Samjo Management LLC

Samjo Management LLC increased its holdings in Arteris, Inc. (NASDAQ:AIP) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,157,250 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Arteris comprises approximately 4.4% of Samjo Management LLC’s investment portfolio, making the stock its 5th largest holding. Samjo Management LLC owned 2.88% of Arteris worth $11,792,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of Arteris by 38.9% in the fourth quarter. Wells Fargo & Company MN now owns 13,192 shares of the company’s stock worth $134,000 after buying an additional 3,694 shares during the last quarter. Trexquant Investment LP boosted its position in Arteris by 24.1% in the 4th quarter. Trexquant Investment LP now owns 200,947 shares of the company’s stock worth $2,048,000 after purchasing an additional 39,086 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Arteris during the 4th quarter worth approximately $1,272,000. JPMorgan Chase & Co. increased its holdings in shares of Arteris by 33.8% during the 4th quarter. JPMorgan Chase & Co. now owns 123,455 shares of the company’s stock valued at $1,258,000 after purchasing an additional 31,213 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its stake in shares of Arteris by 14.0% in the 4th quarter. EntryPoint Capital LLC now owns 19,814 shares of the company’s stock valued at $202,000 after purchasing an additional 2,430 shares during the period. 64.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arteris

In related news, CEO K Charles Janac sold 8,432 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $12.34, for a total value of $104,050.88. Following the sale, the chief executive officer now directly owns 260,088 shares in the company, valued at approximately $3,209,485.92. The trade was a 3.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul L. Alpern sold 3,326 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $12.35, for a total transaction of $41,076.10. Following the completion of the sale, the vice president now directly owns 61,604 shares in the company, valued at $760,809.40. This trade represents a 5.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,182 shares of company stock worth $1,169,018 in the last ninety days. 33.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. 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. Northland Securities increased their target price on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th.

Arteris Stock Performance

Shares of Arteris stock opened at $5.99 on Friday. The business’s 50 day moving average price is $8.70 and its 200 day moving average price is $8.78. The company has a market cap of $245.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. Arteris, Inc. has a one year low of $5.76 and a one year high of $12.64.

Arteris (NASDAQ:AIP) last posted its quarterly 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 company had revenue of $15.49 million for the quarter, compared to analysts’ expectations of $15.34 million. On average, research analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.

Arteris Company 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.