Federated Hermes Inc. Reduces Holdings in Arteris, Inc. (NASDAQ:AIP)

Federated Hermes Inc. cut its position in Arteris, Inc. (NASDAQ:AIP) by 53.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,000 shares of the company’s stock after selling 70,000 shares during the quarter. Federated Hermes Inc.’s holdings in Arteris were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AIP. Citigroup Inc. purchased a new stake in Arteris during the 3rd quarter worth approximately $363,000. Worth Venture Partners LLC raised its holdings in Arteris by 22.6% in the third 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 in the last quarter. Algert Global LLC bought a new position in Arteris during the 3rd quarter valued at $142,000. Acadian Asset Management LLC grew its holdings in Arteris by 120.1% during the 3rd quarter. Acadian Asset Management LLC now owns 368,220 shares of the company’s stock worth $2,396,000 after acquiring an additional 200,950 shares in the last quarter. Finally, Ibex Investors LLC bought a new stake in shares of Arteris in the 3rd quarter worth about $99,000. 64.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arteris

In other Arteris news, COO Laurent R. Moll sold 4,191 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $7.03, for a total value of $29,462.73. Following the sale, the chief operating officer now owns 588,887 shares in the company, valued at $4,139,875.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Arteris news, CEO K Charles Janac sold 10,103 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $7.03, for a total transaction of $71,024.09. Following the sale, the chief executive officer now directly owns 318,644 shares in the company, valued at approximately $2,240,067.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Laurent R. Moll sold 4,191 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $7.03, for a total transaction of $29,462.73. Following the completion of the transaction, the chief operating officer now owns 588,887 shares of the company’s stock, valued at $4,139,875.61. The disclosure for this sale can be found here. Insiders have sold a total of 80,264 shares of company stock worth $561,883 in the last ninety days. 36.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on AIP shares. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Arteris in a report on Friday. Wedbush restated an “outperform” rating and set a $17.00 price objective on shares of Arteris in a research note on Tuesday, February 20th.

Arteris Stock Up 38.4 %

NASDAQ:AIP opened at $8.21 on Friday. The firm has a market capitalization of $315.02 million, a PE ratio of -7.97 and a beta of 1.04. Arteris, Inc. has a 52 week low of $3.82 and a 52 week high of $8.24. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $6.95 and a 200-day moving average of $6.19.

Arteris (NASDAQ:AIP) last issued its earnings results on Tuesday, February 20th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $12.50 million during the quarter, compared to analyst estimates of $11.90 million. Arteris had a negative return on equity of 170.93% and a negative net margin of 69.70%. Analysts predict that Arteris, Inc. will post -0.9 EPS for the current year.

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.